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NetWorth
Michael Bordenaro
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Comments by "NetWorth" (@networth00) on "What’s REALLY GOING ON With the Housing Market?" video.
I'm a real estate millionaire. I've been buying and selling since 2007. I sold 4 last year at a gain, and still own 5 big homes worth wayyyyy more than I paid. I paid about $2m for the remaining 5 and they're worth about $8 million. Do the math and you'll see how I made millions in real estate. Also, I'm a very safe buyers. I look back at all the stuff I passed on, if I didn't pass I'd be worth way way more. I grew up poor, parents were poor, my siblings are still poor, I worked 2 full time jobs for years so I could save and invest, and now I live a relatively modest life and I'm strugging to buy a house in S Florida.
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I've had cash for 5 years waiting on this crash. I hope it happens soon.
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That is also very strange to me.
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@cooking_phil Raising rates makes the market go up?
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@cooking_phil I don't fool with stock because of this stupidity. They price in everything without knowing anything. I only invest in real estate.
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@Jaystyr424 You must be too young to remember 2008-2012.
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@kkadam96 It dropped 50% in 2 years. It does take some time.
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@kkadam96 Who would have thought it could go up 100% in just ONE year?
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@kkadam96 But there are not lots of factors that can make it go down?
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