Comments by "" (@commonsense6967) on "Michael Bordenaro" channel.

  1. That's what I do, in N. FL.
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  2. So drop your homeowners and self-insure.
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  3. Yes,unless she's on or near water, or in a flood zone.
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  4. Property taxes CANNOT go up more than 3% per year, as per FL statutes. That's usually what mine go up each year on my homesteaded property. Investment property taxes can go up as much as 10% per year, as mine usually do. It's all right there in FL Statutes, for anyone to read.
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  5. In FL, evicting non-paying tenants is unpleasant but fairly easy. Sheriff's dept. does it, if landlord has followed correct procedures. Blue states OTOH are lawless, though.
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  6. There are not many condos in N FL, except for some at the beaches. This is mostly a S FL problem.
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  7. Thank goodness!😊
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  8. Citizens Insurance has to take him if he's unable to find other insurance. By law. Michael knows this, he's a realtor.
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  9.  @stevemaggs6781  few months ago, the FL legislature met and did away with assigned beefits,which were the cause of a lot of fraud in property insurance here. Other changes made concerning lawsuits, as well. We were told it would take several years before rates would go down and insurers would come back, if the changes worked as expected. It's only been a few months, and people are freaking out, yet we do have a state insurance company of last resort that they can always get insurance with if nowhere else will offer it.
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  10. Where's your evidence that Republicans are in bed with insurance companies in FL?! Is that why insurance companies are unable to stay afloat and are leaving FL in droves?!
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  11. In FL, you have to be almost poverty-stricken to qualify for a senior exemption, and you must file financial disclosures every year which are public. I guess that's fair.
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  12. Very nice "dog park", Michael! Next time be sure to bring your doggie ( if you have one)!
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  13. Well, maybe when the price drops to 30k per condo, they'll sell to some fool.
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  14. Don't you love how FL (or perhaps its by county) raises rental house tax assessments by 10% each year?! About the same as rental property insurance increases. Then the renters complain about rent going up, lol.
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  15. Under the US Constitution, the states have most of the power, not the federal government. So each state "could" be FL, if its residents developed spines.
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  16. It's called Marxism.
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  17. Well, Trump is the lesser of 2 evils.
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  18. Another boomer like me, who remembers using silver as money, lol! Or, I should say, we remember when silver WAS money! And it will be again, at least for a while...
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  19. It's the Marxist way.
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  20.  @JBoy340a  FL has been OK for me, a small landlord. No problems.
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  21. Condo owners: Keep buying condos and expect something different. Then whine and moan. Rinse, repeat, keep crying. Ad infinitum.
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  22. FL always has reassessed properties every year, at 100% of value, as per FL law, each January. Taxes ARE based on assessment, but taxes are different for different people due to different exemptions and the Save Our Home Amendment. That hasn't changed.
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  23. No, homestead exemption has to be applied for each time you buy a new or new to you home. But I think what might be transferable is the Save Our Home Amendment exemption, if I remember correctly.
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  24.  @francismarion6400 Exactly!
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  25. Under MOST states' laws, YES, NO SUPRISE, your " new" property is reassessed in Jan. of the following year! It's BEEN like that FOREVER! (Go cry to your state/county legislators instead of whine constantly.)
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  26. I would not put ANYTHING past Commie CA and Gruesome Newsome!
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  27. Wrong. First of all, "price freezes" are unconstitutional and would not be upheld in court. Secondly, price freezes lead to merchants going out of business, and/or cause shortages. We are already experiencing shortages in many pharmaceuticals, consumer goods, even baby formula. Your suggestion would make things worse.
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  28. The few "rich" will simply move out of the US today.
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  29. FL insurancecompanies are BROKE.
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  30. no.
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  31. Gov't. employees living large in FL? Not state employees.
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  32. It depends upon whether you live in a blue Marxist-run city/county, or a Republican one (in FL), IMO. I'm in a blue city, and Miami is also a blue city. Farther west of me, deeper into the red-run FL panhandle, property taxes and costs of living are lower, because those counties avoid adding on duplicative and wasteful taxing authorities that do nothing, like the Childrens' Services Council. Bonds are another rip-off, as in the Villages (central FL) and elsewhere.
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  33.  @donaldkasper8346 Hellooo! Where have YOU been?? Citizen's Insurance IS state insurance!! LOL!!!!
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  34.  @nicklll4477 Theycannot remove you from the policy except at renewal time, in FL anyway.
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  35.  @MichaelBordenaro  My N. FL rental house is about 1K per year for property insurance. And insurance company not concerned about ancient age of roof! Go figure.
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  36.  @robertmanley2687  I've lived in FL most of my life, and while costs go up yearly, it's been nothing like what Michael is describing (for me.)
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  37. How can someone need $55,000 in roof repairs? I waited too long to re-roof my own house (roof was about 23 years old) and so I had wood replacement to do, in addition to architectural shingles. My house is 2100+ sq. ft. And my new roof cost me about $25,000 total, $27,000 max, less than a year and a half ago. I'm in N. FL.
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  38. Biden is LAWLESS!
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  39. That's not a bad deal.
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  40. I dropped my home insurance, and have been considering getting an umbrella policy for liability purposes.
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  41. Just pay off yourmortgage and self-insure! I did!
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  42.  @carefulconsumer8682 It's a good time to be a landlord in the red states, like FL, where rent moratoriums, eviction moratoriums, etc. don't and never did exist. Read your state's landlord tenant statute before you invest. But as a small landlord, my condolences to your dad.
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  43. I will simply have to pass the increase on to my renters, of course. The state of FL already allows investment property to be assessed at up to a 10% increase in taxes each year! You think theydon't know who will be paying for it?? Ofcourse they do!
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  44. It's not good. Renters willbe paying for it. Sadly, that just makes itmore difficult for young people, and nowdays the not-so-young, to buy their firsthome.
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  45. Wow! Your friend needs Dave Ramsey's help, lol.
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  46. Reverse mortgages are rip-offs. Better to sell your house and downsize or rent.
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  47.  @clint120 Glad it worked out for you. But the newer reverse mortgages are very unfair.
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  48. Not true. My son and his g.f. can afford to pay rent on their modest rental, while they work and attend college. Here in N. FL.
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  49. Michael, where exactly are you getting this info on homeowners' insurance rates increasing at these amounts?? I still have a single-family rental (non-homeowner's) policy that renewed this month, and it "only" went up about 9%. State Farm in N. FL.
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  50.  @FooFan-b3k No, this is in part of what fueled the insurance crisis in FL--property owners colluding with roofers, but laws are different in every state..
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