Comments by "NetWorth" (@networth00) on "It's Happening - PROOF The Economic COLLAPSE Is HERE!" video.

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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@hvaball150 in 2-3 years time? My current house, which I bought in 2004 for $189k, was worth $265 in 2019. I just sold it for $450k. To answer your question, it never doubled in the first 15 years before the crazyness. Seriously. May I ask how old you are? My guess is not very old.
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@hvaball150 So, pretty much exactly what I said. Good job.
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There's always a deal in ghetto South Beach. Those prices haven't moved in 10 years. What's your budget?
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We all have. It doesn't make sense what's happening now. EVERYONE I know predicted a crash when Covid hit. Who would have thought that would make homes double in value?
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@hvaball150 The top was not in 2004. It was way up in 2007 right before the bubble busted. I cannot imagine dealing with someone like you in person LOL. I feel sorry for your family. Sad.
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@hvaball150 Please listen up. Your comment "when have houses not doubled in value", well how about from 2007-2012. If you bought it in 2006 and had to sell it in 2012 it certainly didn't double. You bought at the bottom and got a nice return. We might be at the top now. Your house is worth 600-800 now, well maybe in a year or two it will be back down to 400. Hope that answers your question. It might be back up to 600-800 by 2035.
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