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

  1. In reference to the dismissal of student loans. Who decides what is constitutional? A Supreme Court that many view as compromised? The reality is that those in power often disregard constitutional principles, exploiting loop holes to pursue their own agendas while dismissing the needs and desires of the general public with claims of unconstitutionality.
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  2. Those water levels seem kind of high at the beginning of the video. I'd definitely not want to own any waterfront property in Miami.
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  3. If the parents really don't trust their kids with that kind of money they should put all their wealth into safe municipal bond ETFs that pay a small to moderate amount each month. Automatically distribute the monthly dividend every 3 months to the kids. This way the kids have a steady small income to help them out but won't make them spoiled.
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  4. Planning to put a new computer on credit card soon. I need to hurry up because mine is 7 or 8 years old and the mother board is in the early stages of failing. Unfortunately, I didn't jump at the Xmas holiday specials and now there is not much worth buying under $1250.
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  5.  @Artoconnell  Uhhhh.... stock trading is generally a zero sum game. Someone wins and someone loses. Now if you are investing long-term, that's a different story. Unfortunately, $20k won't get you far if you are truly investing. But from the tone of your post, it sounds like you are day trading. Good luck with that. Like I said, when you day trade there has to be a loser for every winner. Hope you are the winner. Most aren't.
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  6. I always wondered if you live in a place that didn't have an HoA when you moved in, and then an HoA was added at a later date. Are you obligated to take part in it or can you decline? I guess it depends on what state or city you live in.....
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  7. Watch what happens when nearly 70 million people get dropped from Medicaid just to fund more tax breaks for billionaires
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  8.  @lorihamlin3604  Most people travel less than 50 miles a day. EV's are the perfect option. And like I said, they are cheaper to maintain.
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  9. Property taxes should go into one large pool for the entire state and distributed where they are needed most rather than to "wealthier" neighborhoods. But yea, that's big bad socialism. Can't have that! And we already have issues with underprivileged areas not getting the local funds they need, even with property taxes. So that is not a good argument to keep property taxes.
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  10.  @KD-nk3ht  Your compassion is truly inspiring.
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  11. That big jump in BTC today? Here’s something interesting. Just before a certain big announcement by you know who, a $195M buy order was placed on BTC & ETH. $123M on BTC filled around $85,908 $75M on ETH filled around $2,197 BTC then shot up to nearly $95K. Coincidence? Maybe. But when moves like this happen, they usually aren’t just luck. Someone knew something. With the current landscape, we’ll likely see more of these "perfectly timed” market shifts during the next four years. Smart traders watch the patterns and act accordingly.
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  12. That’s not exactly how I wanted to word my comment, but YouTube kept filtering out anything critical I said about the current "leader" in charge of the country and the way things are being run
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  13. It's known as insider trading.
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  14. You could eliminate property taxes on average working people easily, but those in power don't want that. Taxes should only apply to assets worth over $10 million dollars whether or not those assets are sold. This would break up the concentration of ownership in this country so more people own something without debt. It would also reduce government debt because asset prices would drop considerably and government would not need to go into massive debt for social programs. But you want a consumption tax? Uh huh.... that would keep people from spending which would result in an economic meltdown.
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  15. Okay, if I posted the same comment more than once I apologize. Sometimes youtube deleted it. Sometimes it didn't. I have no clue why they play games instead of just flat out telling you the comment was censored. One time I refreshed the video and 5 comments of mine showed up and the next time only 2.
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  16. Not to sound self interested, but I hope there are some bank failures. I own about 180 shares of that 3X leveraged ETF called FAZ I bought at an average price of around $5.65 It's a bet against the financial industry. I figure the most I'll lose is about $900, but the potential gains can be $25k to $100k🙂 I don't recommend people do the same thing because the money isn't actively doing anything productive. It's sitting there "just in case" something bad happens specifically in the financial industry.
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  17. I'm not going to list all the cities in your videos again, but there is no affordability issue in places nobody wants to live because of the 'racial divide.' You can find plenty of decent looking first time starter homes (2 bedrooms with 1 or 2 bathrooms) from the 1950's to the 1970's for under $100k in those places.
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  18. You are paying a lot more to the asset owning class. Yea, I know it's complicated to think beyond what right wing media tells you, but think about that.
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  19. I haven't stepped foot in a retail store other than the local gas station and supermarket for a long time. And it's not because I'm having money issues. I just don't see the point in so many physical retail outlets existing nowadays. We need a lot more closures. But reading the comments in this video, everyone tries to turn it into something political including you.
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  20. Seems like you are the gullible one. This has been going on for decades with both parties running things.
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  21.  @NeilBaker722  Nope, but tempted to buy the house in California I showed in his last video.... or the one before it
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  22. @ Yea, but is that because they can't afford to buy them or simply choose not to? Ford City is a great example. Plenty of jobs in the area, so that can't be the case. The crime stats aren't off the charts, so that can be the case. Either they can't afford those homes or there is a racial component for why they choose not to live there. My bet is on the racial component.
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  23. I plan to use a real estate lawyer when I sell next year. They are generally cheaper than a real estate agent because you only need them to get the more complicated legal stuff done properly. I don't need all the bells and whistles that come with an actual agent. And I do not plan on paying the fees for my buyer's agent. Makes zero sense.
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  24. What is that pointy tower structure at 15:45?
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  25. By the end of these four years, I’m betting bond prices in the U.S. will drop (meaning interest rates on bonds will rise) because we’ll need to make them more appealing to buyers of our national debt. The likely combination of tax cuts and increased money printing by the new DT administration will balloon deficits significantly. That’s why I’m holding onto a small stash of cash, waiting for those bond prices to fall. I don’t expect it to happen until 2026,. That's when a new Fed chair takes over after Powell’s term ends.
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  26. At 13:22 in the video you made a comment. What levels did they pull to keep the economy afloat as you put it? Interest rates are still near 5%. There was no major legislation passed the last year or two. I wish you went into more detail rather than just making off the cuff remarks. Maybe I'm overlooking something? Sounds to me like you are giving the next administration an excuse to blame if something goes wrong on their watch. The last thing we need is another administration taking no accountability for their actions.
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  27. Funny you brought up Australia not cutting their central bank rates. China is struggling economically right now resulting in the Australian currency dropping a lot over the last 6+ months or so. And now that Australia is NOT reducing its central bank rates, that makes it an attractive short term investment because other countries have lower rates. I've been buying up a lot of the AUD/CAD and AUD/CHF forex currency pairs and collecting some nice interest holding it over the last month. And with Trump looking to put more pain on China, the Australian currency might take a further dump meaning you can buy more of it versus the Canadian currency and other currencies like the Swiss Franc. I've been earning about $15 a day holding it versus currencies with lower central bank interest rates. Granted, if I sold all my positions I'd lose money right now, but I'm not selling. I'm holding it for the interest being paid to me daily. Think of it as a small daily dividend. And when China starts performing better in the future, the Australian currency will also go up so I will eventually sell it.
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  28. I'll find purpose in retirement by giving life and tender care to "medicinal plants" I'll call it the Thoughtful Garden. Maybe I'll raise a Venus Flytrap and feed it some cockroaches. Sure, I could probably get a pet, but if I get a serious illness, I'll worry about leaving the pet behind to an uncaring person.
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  29. And my last comment which I think is important. One thing everyone is overlooking is how expensive "investment assets" have become. I'm not just talking about housing. I'm also talking about stocks, bonds, etc.... Everything is near all-time highs making it extremely difficult to buy any asset of value to help you retire.
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  30.  @jetsam12  discussing how those managing a lot of money always plan far in advance what they think is going to happen in the next year is TDS?
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  31. Yea, I remember Biscayne Bay when visiting the Vizcaya Museum & Gardens. Good times. But I'm still glad I left South Florida :-) Waiting for the video of you walking under the interstate highways showing the homeless people living there.
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  32. What are you walking on? Looks like an old pier used to sit on that concrete
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  33. Lawn care is not that bad nowadays for a home. Plenty of affordable robotic lawnmowers 🙂 I saw one not far from where I live. If my yard was larger I'd definitely think of buying one.
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  34. That generic park you are walking through looks like every neighborhood park I visited when living in Florida.
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  35. Is that truck at the beginning of the video your secret city camper you plan to retire in?
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  36.  @Random-rt5ec  I think the poster has to be a bot. No way someone can be that blind to the underlying issue, instead choosing to point at the symptoms.
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  37.  @j.m.7056  Yes it is your problem cause guess what? That person is not going to pay the loan off and you will be stuck paying it in the end. If not you, then your kids or grandkids.
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  38. Not your best video. 20+ minutes of complaining and no solutions or explanations of the root of the problem. Oh, and Florida has a surplus because it's one of the states with the highest count of uninsured people when it comes to healthcare.
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  39. It's not that insurance is a scam. The problem is the state you are living in removed proper oversight and regulations over these insurance companies that let them get away with this kind of stuff. It's more proof America is a corporatocracy. Remember that next time you vote for someone promising to eliminate so called burdensome regulations.
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  40. Well, it can't be that great if you blame one party for wanting borders open.
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  41. Not sure what you expect for a pizza under $10. It's decent for the price. But I'm the type that buys my own higher quality frozen pizza to bake in the oven. Most only take 15 to 20 minutes to cook, so it will be done long before you get delivery. And for cheap people like me, it doesn't require a tip :-)
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  42. PPI is going up across the world in most countries. New Zealand just released their most recent PPI and it was well above expectations.
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  43. Hope you don't become one of those youtubers with endless annoying "SHOCKING" type of clickbait headlines. Sure, they are cute and worthwhile in the short term. But in the long run people get numb and ignore the videos.
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  44. First thing I notice now that the election is done? Numerous youtubers "pre-excusing" the new administration ahead of time when their economic policies inevitably fail.
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  45. Yet stocks are up. Wages are up. The FED is lowering interest rates. Holiday shopping reaches records. Companies like AT&T are profitable enough to spend billions to buy back their stock and increase dividends. Sure, the economy is not the greatest ever, but it's historically solid.
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  46.  @hcox1111  : If that's the main takeaway you have from the elections, then it's unlikely that things will improve as you hope. While changes may occur, they may not align with what you desire. Simply switching parties won't fix the underlying issues of a fundamentally broken political and economic system. If you believe the NEW administration will enhance the economic landscape for everyday people like us, then I have some coal to put in your stocking this Christmas!
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  47. Watch out everyone! The Big Bad Bill Beast is on the prowl, ready to strike anyone who dares miss a payment. Doesn’t matter how stacked the deck is against you—he’s watching. Sleep tight!
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  48. You should be earning a minimum of $400 to $650 a "MONTH" in interest for every $100k saved. That translates to $2000 to $3250 per month if you have $500k saved. With all the senior discounts that come with rent, utilities, taxes and other things, you should have no problem with $500k saved for retirement. For most, $400k would be perfectly fine. If you don't mind working a part-time weekend only job, you could probably get by with $200k. And one last comment, none of this counted social security because it varies so much between individuals. If you add social security, you could theoretically reduce the amount needed to get by in retirement even more.
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  49. ​ @bea8860  LOL, I tried to respond and youtube deleted my post. Guess I'll just say this instead. It's not something you should buy more than 100 shares or so because of the very strong potential for reverse stock splits which are never fun to experience. I wanted to say more but youtube censors are absurd. I'm surprised my original message didn't get deleted.
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  50. So my search for a small vacation home in a sunnier state continues. I might have found one in Nevada at the address below. Sure, that seems like a lot for a small studio. The taxes were about $500 for the year. And the $180 HoA includes everything: A/C, heat, electricity, water, trash, lawn care, etc... 100 Pulsipher Ln Unit 7225, Mesquite, NV 89027
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