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Michael Bordenaro
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Comments by "" (@commonsense6967) on "Michael Bordenaro" channel.
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@GardenerEarthGuy ❤Gov. Ron DeSantis, and he's not wealthy.
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I almost bought a condo for investment purposes here in FL when the 2008 housing crash decimated the condo prices particularly hard. They were decent, $35,000-45,000, and would have been bargains except for the uncontrollable HOAs and maintenance costs. I decided not to.
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@Resmith18SR Only the Marxist states, thank God.
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ESG has been outlawed in FL, at least as it applies to the state's investments in pension funds and such.
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@rochellet1333 No.
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Buyers of investment property shouldknow before theybuy that property tax assessment (of non-homesteaded property) can go up as much as 10% per year, as per FL statutes.
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@FamousWolfe That is exactly what I'm doing as of this year. I figure I had a high deductible anyway, and since nothing happened to my house in 34 years, no hurricane/fire/catastrophic ground collapse/flood, etc. No claims ever made in 34 years, so how likely is this house to actually USE insurance in the next 15 years or so? Probably not very likely.
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Nope, FL Statutes limit homesteaded property to yearly increases of a maximum 3%. I'm in FL, and my proposed property taxes might actually go down, if proposed budget change isn't adopted.
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@judymckee5992 Rent control is blatantly unconstitutional, unless you're referring to Section 8, which is voluntary for landlords.
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Wrong.
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I know. But some people have IQs that equal their shoe size these days.
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To who?!
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Commie Kamala's tyrannical money and increased tax grabs are much worse than anything Trump is proposing!
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Great idea! But City Commissioners, most of who are Democrats, are the ones responsible for deciding city budgets in Miami (and my FL city, too, unfortunately.)
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@oneeleven9832 That stinks, who does the king think he is, lol.
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Read the FL Statutes Landlord Tenant Act. Also, I posted a new law entitled "Removal of Unknown Parties in Posession", a summons that can be used to put the squatters on notice of legal action. Effective 7/1/23. But yes, burglars can be removed by police immediately, but apparently not squatters.
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That's for sure. My daughter and her family live in L. A. and taxes are confiscatory.
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My daughter and her family live in CA, and I have a feeling this is the Marxist scam being pushed there where you aren't actually given "free downpayment money", because you essentially become a co-owner of the house with the government. (No thanks!)
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Yeah, 2025 will be when condo prices crash, if not before. I'd be selling NOW, for sure.
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Well, I do hope you worked for the IRS. (Just kidding, good luck.)
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Once again, proof that the borrower is slave to the lender. Pay cash or do not buy.
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Anyone in a FL condo, especially if it's 40 years old, should be selling and running right now...before it's too late.
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I'll look into that company for my house that I dropped my homeowners on. Sounds like a great idea.
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Michael, mobile homes only have titles like automobiles, not deeds, and how could anyone live in a mobile home for 30 years never paying property tax, yet thinking they owned the land under it?!? LOL. (People were SMARTER, not dumber, before the internet!)
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I need to rehab my 1960 house, but I have to prioritize, due to the high cost. 😢
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@charmingbeautytv4712 Who wants to own property inthe Dominican Republic?!
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@Skepticismistheway Thailand doesn't allow foreigners to own property there.
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I'm in N. FL, house located on 2 in-city blocks, (so homestead exemption was only on one) and my property taxes were "only" $4100 for a 2100+ sq. ft. house.
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Me, too! Self-insurance avoids the stress and anxiety, and when and if something happens, we won't be having to wait around for insurance to pay out ( or not.)
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Oh, wake up. Trump is 100% Controlled Oppisition RINO! Not telling us anything we didn't know. Ron DeSantis, unlike Trump, is actually DOING something about outlawing CBDCs in FL.
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@Floridawoodsbanshee Just don't read any of his Truth Social 3am incoherent and unhinged madman rants.
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What? FL never has or will allowed squatters! They go directly to jail! And landlords have always had a procedure to follow to get deadbeat or destructive tenants out...and still do!
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Homeowners' property IS assessed every year, in Jan. But because FL law states that homesteaded property can increase in assessed value a max. of 3% per year, and because ofthe Save Our Homes Amendment that also limits property tax increases for homesteaded property, as well as the homestead exemption itself, the longer you live in a homesteaded property, the more you benefit. (Of course, all assessments take a huge jump in the first Jan. after you purchase a house.)
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Wrong. FL governor Ron DeSantis knows EXACTLY how to stop wasting taxpayers money, starting with getting the US out of the UN! We are the largest funders of the UN!
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FHA loans are a rip-off for the borrowers, and many sellers also won't sell to someone needing a FHA loan due to the long time they require to close, and other reasons.
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Are you on or near the beach?
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They have no jobs and don't want any.
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Michael, a few years ago my homeowners/auto insurance agent retired and a younger one took her place. One of the first things she said to me was, "don't ever make a claim, because we'll drop you if you do!" And she was dead serious. I would state the company, but I still have my rental property insured with them, so I better not.
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This is exactly what should be happening!
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It can only get worse if you allow it. At the rates they're charging, self-insuring becomes apotentially reasonable idea, if you've been in the same house for decades (like me) and never had any flooding or hurricane damage.
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What you said is true of S. FL. Not so much N. FL. Except for the heat.However, I once lived in Macon, GA, and that place was hotter than the hottest day in FL!
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He's paying more than that!
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Nope, FL isn't Commiefornia. Landlords aren't in business to subsidize renters, with all due respect.
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yes
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Yes, my daughter's car was demolished by an illegal alien with no driver's license or insurance. She lives in L.A. and was SOL.
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In FL, most agents are transaction-only salespeople. And that's in the contract. They represent no one. (It is done apparently to avoid lawsuits.)
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@PaulTech-Reviews Are there still any big corporations left in CA?!
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Mine in N. FL went from $1,200 in 2022 to about $3300 in 2023, if I hadn't dropped my insurance, that is!
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You are describing a balloon mortgage here. They were common back in the '80s, when conventional mortgage rates were sky-high, and many people were unable to refinance when the time came. They lost their houses as a result. Balloon mortgages are bad news.
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Why would you ever buy in a condo? It's an invitation to problems. And most conservative red states have lower property taxes than those Marxist blue ones.
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