Comments by "NetWorth" (@networth00) on "Michael Bordenaro" channel.

  1. You should become a landlord then and get rich yourself.
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  2. Rates should be 15% until we're out of this mess.
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  3. Or get Karens off the board.
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  4.  @Fla5thgenTryMe  I'm in South Florida. Have you been to California recently? We have NOTHING here like CA. It's night and day.
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  5. 4:10 imagine paying $825k for a house with bars on the windows.
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  6. It wasn't his primary residence then or he would have had Homestead and it can only go up 3% per year.
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  7.  @Scorpio1060-  We have Homestead in FL similar to prop 13. It obviously wasn't their primary residence.
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  8. I disagree. Isn't it great to live in America where we have the freedom to disagree.
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  9. I will NEVER go to Disney again. I'm once and done. It was so expensive and long lines... I mean REALLY long lines. The food prices were the worst gouge of it all, and this was 2014. But, why wouldn't they keep raising prices since people will pay it? It's like money is just paper and people are trying to spend as fast as they can.
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  10.  @JohnDoe-np3zk  Everything was cheap then, so $1m was very wealthy. It's all relative.
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  11. How much are your taxes and insurance?
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  12.  @jackwilson3121  Your 7 figure net worth will soon be 6 figures. Enjoy!
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  13. Move to a city you can afford. Condos are not fun most of the time.
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  14.  @tinaho1966  Same for any area. I bought homes in 2013; one for $40k (now worth $400k) and one for $21k (now worth $250k). These homes were in Tennessee.
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  15. It's horrible out there for people like you, and there are lots. What state/city are you and how old are you?
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  16. Your realtor put the house in the MLS and did nothing more... then charged you an arm and a leg.
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  17. I know, imagine moving to Compton and paying $500k LOL.
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  18. Miami Dade (especially Miami Beach) property taxes are OUTRAGEOUS.
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  19.  @MichaelBordenaro  I was looking at 843 Espanola Way and the guy wants $1M, I looked up the taxes on that purchase price... the property taxes would be $18,569/year with Homestead Exemption. That's insane.
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  20. It's only a good idea if you have like 10+ people and everyone can chip in on a big house. If you're 2-4 people it's cheaper to just stay in a hotel. Most airbnb travelers like having a full sized kitchen, garage, private pool, etc.
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  21. Basically you can't afford it.
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  22.  @theboringchannel2027  Good policies and stop giving our tax money to Ukraine and others.
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  23. Airbnb is only worth it if you have a large group and everyone can pitch in to rent a big house. It's more than a hotel for 4 people or less. Most people don't have common sense though.
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  24. 3 places crashed HARD HARD last time; Vegas, NYC, and Florida (especially South Florida).
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  25. Soup cans are so small you need to buy 2, at DOUBLE the price each.
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  26. In 2019 homes were 50% off the price now.
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  27.  @FamousWolfe  Stop justifying it. I am very capable of buying a million dollar house, but nobody wants to throw away $24k/year on taxes and $10k/year on insurance. Do you like throwing money away just because you can afford to?
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  28. Don't buy now. The top of the market is NOW, not 2020.
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  29. I don't even think it should be legal. People are not smart who cash out their equity.
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  30. THIS!
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  31. A recession was 2 quarters of negative growth. We hit that last year... but Biden and company changed the definition and said we're not in a recession.
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  32.  @ColdPotato  OMG are you freaking serious? He left so many people to die and you're bragging with "check mate". Go see the parents of the people who died, see if they think the Afghanistan disaster was a good thing. You people really are clueless.
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  33. It's very easy to say what you could have done.
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  34. Airbnb guests become squatters. Don't live in a blue state.
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  35.  @bobbya51  You're missing a lot. Call any home for rent and ask if they take Section 8. Then call a lawyer and ask if that's legal. Hint: it's legal to NOT rent to a voucher holder.
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  36. Fact check: TRUE.
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  37.  @AJ-ox8xy  I know all about this, I'm a RE investor. It's so damn expensive.
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  38.  @cathyandresiak  You are a real estate agent. Normal people don't talk like that. Admit it.
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  39. People need to stop buying junk they don't need. Save some money and don't spend every penny you make.
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  40. 2 pensions... if only we could wish to have that.
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  41. I'm currently buying a condo in South Beach and I keep hearing how the crime rate is low around there. Can you confirm?
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  42. The federal gov has nothing to do with local property taxes.
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  43. I think he rents an apartment, so there's no need to worry about any of those things.
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  44. Miami is terrible. Fort Lauderdale area is WAAAAAAY better.
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  45.  @hotchicsf  North Dakota and Wyoming are not the only cheap areas in the huge USA. Get TF out of CA for one thing. Go to TN, GA, Carolinas, New Mexico... there's tons of places that aren't NY and CA.
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  46.  @Christdeliverme  It's not a "flex", it's called being a decent human being.
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  47. The taxes in Miami-Dade County are approx 2% of the selling price, so the property taxes on that house would be $54,000/year. The current owners had it as their primary and got taxed homestead, therefore they could only raise taxes 3%/year so they paid $14k/year... and that was based off the home assessment of $768k.
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  48.  @bogdan78pop  People don't live in cars. Also, they're not taking the homes, they're adding taxes.
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  49.  @Nitramchivokuv  huh?
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  50. What area?
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