Comments by "Henry TheGreatAmerican" (@henrythegreatamerican8136) on "Michael Bordenaro" channel.

  1. "Being a landlord is not for everyone" So true. We have a spare third room in our current house and were debating the pros and cons of renting it out for extra cash. Based on both of our personalities we decided it would never work. And having to deal with the day to day problems of a stranger seemed off-putting.
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  2. That is the intention. They need to keep you "in the system" at all costs. Property taxes should only apply to commercial real estate and to people who own more houses than the home they are living in. The government can find other ways to raise revenue. And no, I'm not getting into the cut spending debate. I already discussed a solution where we implement a wealth tax on assets on people who own over 10 million worth of assets
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  3. "How can I make the world a better place" A minute or two earlier he was bragging about buying a $400k Rolex
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  4. There were tons of mobile home parks that closed in Broward County Florida over the last decade or two. I remember the huge one that used to be in Davie, Florida next to the college Nova Southeastern. Another one that closed was across from a private hospital in Margate, Florida. It wasn't as huge, but it was there forever. You are right.... don't buy a mobile home unless you own the land.
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  5. Ah.... 70 degree winter weather in Florida. *looks outside window* Light snow, windy, 20 degrees. At least my computer acts as a heater for my spare room LOL
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  6. Are you going to apologize for having that BITCOIN guest spend an hour chatting with you on the merits of buying this "great asset" just before the price dropped 15%? I tried phrasing that as politely as possible.
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  7. Sounds like a life of poor choices more than the american dream failing.
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  8. So in other words, in order to have money we need to live like we have no money? "We kept our house 55 degrees during winter and no AC at all" <<<<<<<<<<< WTF? REALLY? This doesn't mean I support spending money like a careless child with his weekly allowance in a toy store, but my god.... you must have lived a miserable life.
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  9. I only stop off at fast food joints when I'm traveling and have no time or patience to cook something. But like most people, my time traveling is minimal so there is no excuse to avoid cooking real food at home. Seriously, I can buy 8 quarter pound frozen burgers for $10. That's $1.25 per burger. And they only take 25 minutes to bake. I can season them anyway I want. Why bother going to McDonald's or any fast food joint?
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  10. You'll know the true worth of Bitcoin when there is an overall market crash. The first thing big institutional investors will do is dump their Bitcoin to cover their losses in other more valuable assets because they know most people won't repurchase all that Bitcoin again to get the price to $100k.
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  11. Your guest looks like he's a badass mafia boss
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  12. You still need to pay property taxes. Ever notice how those who want to reduce or eliminate income taxes, corporate taxes and other "burdensome" taxes never discuss eliminating property taxes on the main home we live in?
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  13. Heh.... you are worried about what life will be like for humans 200 years from now? I don't think humans will be around in 200 years. Our technology is improving exponentially fast, yet our ability to deal with the potential consequences of our new tech is almost nonexistent. The population deficit of newborns is the least of our problems.
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  14. ​ @mfenix911 A mortgage is technically borrowing so he is right. He never mentioned car and health insurance so no clue why you brought that up. A better question is why are we mandating insurance for all these things and not mandating insurance for guns?
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  15. ​ @dividebyzero1124  I think you need to add a little bit of clarity to your rant when it comes to blaming government without discussing the top 1% who ran the government for their own benefit while leaving the rest of us with the debt.
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  16. Yea, I'm sure anyone who buys it will be doing it for the land and the boat slot, not the house.
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  17. The solution is to buy a decent used Airstream trailer and park at different "rest" areas and truck stops each night. Airstreams cost a bit more upfront, but they are generally built to last with less maintenance costs.
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  18. And the new administration will try to prolong a "sugar high" as long as possible with deregulation, tax cuts, and social program reductions. More money in the pockets of those who need it least. All in the name of inflating asset prices even higher. If he implements half the things he discussed on the campaign trail, the crash is going to be huge when it happens.
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  19. He's already backing off some of the tariffs, mainly the farming and auto industry ones. Two industries that make up most of his voter base.... go figure.
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  20. Haha, talk about perfect timing! I dodged a bullet leaving Florida in 2022. 😎That Reventure app guy nailed it. Builders are going crazy with new homes in central Florida, hoping for a buying frenzy when the new admin rolls in. It's wild seeing 4-5 bedroom homes, way newer than my old house being sold for about the same price I got in 2022. 🏠💰 Sure, we might see a mini economic boom from all the debt spending coming up in the DT administration, but by the end of the next four years? Yikes. Recession city when the money train stops. And guess who'll be footing the bill? Yep, us regular folks. No wonder DT is talking about axing the debt ceiling - same one used as ammo during the campaign. Politics as usual, right?
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  21.  @bballah9969  You do realize who the majority shareholders are in these corporations? They have top voting power in what these companies ultimately do. These majority shareholders are literally running most publicly traded corporations in the country. Your comment is naive.
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  22. I'm sure plenty of guys are having palm parties. And I'm not talking about the Florida palm trees Michael is strolling by in this video!!!
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  23. Guess it depends where you live. Some developments can only add new rules and increase their condo fees if the residents who live there vote for it.
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  24. It seems there's a push by those in power to acquire as many assets as possible, likely due to concerns about the future of the dollar. With ongoing money printing, the new administration appears focused on tax cuts, which could have significant effects on government debt. If you think the new administration genuinely cares about managing the national debt, it might be time to reconsider that perspective ^^^^ I really didn't want to phrase my comment like a robot, but youtube kept censoring the more emotional post.
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  25. This seems designed to weaken union protections for public workers. Interesting how it conveniently aligns with the goals of those who backed DT's campaign. Not how I wanted to phrase it but youtube kept censoring
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  26. It's easy to point fingers at government regulations and minimum wage, but those are just symptoms of bigger issues. The real problem lies in how wealth is concentrated in the hands of a few, thanks to outdated financial practices that are rarely enforced. Instead of just focusing on the surface-level issues, why not dig deeper and consider the root causes? It’s time to move beyond old economic mindsets
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  27. When I buy my house in south Illinois, the only home insurance I'm getting is catastrophic. And I'm not sure flooding in that area is an issue but wind definitely is. Not sure why I'd need insurance for anything else. If I can't afford to fix the A/C or a small leak in the roof, then I probably should not be owning a house.
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  28. The answer is simple. Why stay in a country whose financial system is designed to keep most of us in perpetual debt? A financial system whose goal is to create a society where nobody owns anything.... unless you go into debt to buy it?
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  29. The ones at the top aren’t just acting alone. They’ve figured out how to work together across borders, making sure regular people stay struggling while they keep all the benefits. This isn’t some isolated issue in one country. It’s happening everywhere because those with power know how to protect their own interests no matter where they are. If the rest of us regular working folks across the globe don’t start seeing the bigger picture and finding ways to stand together, nothing’s going to change
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  30. Wealth concentration and zero consequences. That's what our entire country is running on these days. Examine every move the incoming administration makes with this in mind. It's enough to make anyone uneasy.
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  31. Future generations won't need toilet paper. They'll be able to direct air currents at the exact angle and pressure to clear the mess without toilet paper.
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  32. "Weren't able to get it all out" Uhhh... you mean they left the stuff behind because it was probably worthless.
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  33. Yet my grandfather worked in a department store as an assistant manager and was able to raise 5 kids while owning a 4 bedroom 2 bathroom home in a nice middle class Florida neighborhood without debt or fears of going bankrupt from healthcare expenses and insurance costs on his home. Oh... and he had a decent pension to help out. I am doing okay but can't afford that lifestyle. And I don't think I'd be able to as an assistant manager at a department store nowadays....
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  34. Looking like Alburquerque, NM might end up being my top vacation home under $100k. I found numerous condos ranging in price from about $65k to $90k in decent areas not far from the colleges and other attractions. The association fees generally cover everything other than taxes, electricity, and internet connection for under $300 monthly. But I'm still keeping all options open for a few more months. I also found a second tier choice located 2 miles from the Mississippi River. Flooding would obviously be a concern. I'm the kind of person who would take the gamble of NOT buying flood insurance, but I would buy a canoe just in case! The area has beautiful biking routes.
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  35. Employers really don't want those employees back, but instead of laying them off and paying severance packages, they are hoping these people quit.
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  36.  @pmscalisi  True, but it's a weird coincidence how the interview happened a few days before the "market" did its thing. And a 15% drop is beyond excessive for a typical market move.
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  37. Didn't even know they were still in business. I remember when I was younger, my stepbrother was an assistant manager at one of those places in the mall. Back then he wasn't even sure they would stay in business. I'm surprised they lasted this long.
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  38. For a maxed out $5000 credit card, that 27% rate would amount to approximately $112 in interest per month. Honestly, seems kind of fair to me. Especially when you consider all the people who never pay back the full amount they owe.
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  39. Yea, last time I went to a local McDonald's they tried turning it into a cafe of sorts. I think they wanted to attract "wealthier" consumers. Unfortunately for Mcdonalds, those wealthier consumers prefer anywhere but there to eat. It ended up being a waste of money upgrading all those stores. It was one of numerous reasons for their menu price increases. And let's not forget all those stock buybacks over the years to increase share price for the asset owning class including McDonald's executives to make big profits. That sure didn't help with menu prices either.
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  40. Reagan's so-called economic revolution is still taking a toll on the middle class even after 40 years. Corporate profits continue to skyrocket while wages remain stuck. Trickle-down economics? More like a trickle-down myth. Perhaps advancements in tech and AI could finally bring some change.
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  41. Looks like we got another connoisseur of fiscal fiascos!
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  42. Walking away from a mortgage will hit you hard when trying to find a new place to live. Your best bet is to make the payments until you find a new place to live and then walk away from it.
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  43. The issue is there is NO ACCOUNTABILITY in society unless you harm a child. From the top of our society to the bottom. People see politicians setting this example and it trickles down to everyone. If they can get away with it why can't we?
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  44. Just got this from the housing data released earlier today: Pending home sales 2.0% versus -2.0% expected Home sales index 77.4 versus 75.8 last month Sales up 5.4% year on year. Highest level since March. Regionally: Northeast 4.7% MoM and +7.2% YoY West 0.2% MoM 16.8% YoY Midwest 4.0% MoM and 1.8% YoY South 0.9% MoM and 2.5% YoY MoM = month over month AR chief economist Lawrenc Yun said: "Homebuying momentum is building after nearly two years of suppressed home sales. Even with mortgage rates modestly rising despite the Federal Reserve's decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market."
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  45. Right now, you should have no problem living comfortably on 25k to 30k a year with a spouse at age 65+ if you have the proper Medicare coverage that isn't a private insurance Medicare advantage scam. Most people that age get senior discounts on all sorts of things including rent, taxes, etc... So the same amount of money at retirement goes a bit further than it would in your younger years.
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  46. Got to love when youtube censors force you to rewrite a comment 5 times until it sounds robotic and almost pointless.
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  47. I can just picture the HoA filing with the city to evict me for choosing to paint my house brown instead of the white they demand. I would not go out easily.... can't say more than that on youtube. Time for people to grow a spine.
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  48. Student loans never should have been a thing to begin with. But they became "valuable assets" for financial companies to turn into instruments like stocks for wealthy investors to buy. That's when it became impossible to file bankruptcy on the loans. In case you haven't caught on.... the student loan industry is like the 2008 mortgage industry before the crash. Remember the term 'mortgage backed securities.' Just change the word mortgage to student loan and you will get the term 'student loan backed securities.' Perhaps you should learn a bit about how the financial system works before falling back on trite right wing talking points about "other people's student loans.' I'm honestly sick of people like you not understanding something yet making biased comments like that. What about me? As a taxpayer I can name a million things I do not want my taxes going to.... good luck creating a functioning society like that. I find it funny you chose student loans as your hill to stand on when putting your foot down about taxes.
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  49. Maybe now you can finally warm up to the idea of a wealth tax on assets over $10 million to curb excessive wealth concentration. It would ease the debt burden on both individuals and the country by allowing more people to own property and assets without drowning in debt. The biggest benefit, though, is that the country’s debt would shrink. Not because of cuts to social programs, but because we wouldn’t be overpaying just to access essentials. Right now, a handful of elites own everything and charge the rest of us into debt just to use those assets.
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  50. The problem is we have a system where none of them are held accountable for anything. Heck, look what all our politicians are getting away with. What makes you think they are going go after those making them rich?
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