Comments by "P M" (@pm2886) on "These HIDDEN COSTS Are BANKRUPTING HOMEOWNERS!" video.

With respect, all of these kinds of expenditures ($18k a year on maintenance, insurances etc) are predicated on unusually and exceptionally good times. Anyone still expecting to live that way is out of their mind. They always were, to be frank. It just doesn't have to be that costly. I own several properties, and don't even come close to $18k a year in maintenance - for all of them combined. Probably less than half that. I also NEVER buy insurance. Instead I buy properties where 90% of the value is in the land. It barely matters if the house is lost, so insurance is a complete waste of money. If you're not thinking strategically, of course the downturns are going to hurt you. That kind of recklessness is always very fragile. Frugality is the key. Building an approach which works no matter what the economy is doing. Never build it on the assumption of perfect conditions.
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