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

  1.  @EvelinHolmes  If you can't afford to put money away for stuff like that, then do not own a house. Why is that such a hard concept to grasp? Or maybe buy a condo or townhome where the HoA fees should cover leaking roofs, parking spot repair, and other stuff. Some also cover A/C issues (not all).
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  2. Florida is only a good place to live during the winter. Heck, I'd avoid anything in the southeast for the same reasons. The humidity, bugs, and rain 8 months out of the year make it nearly unlivable without A/C.
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  3. I love the homeowner's insurance example he used to show how shady they are in Florida. But he never discussed the "deregulation" policies of the conservatives running the state causing the problem. And if you think it is bad with homeowner's insurance, wait until you have to deal with your health insurance if you get a serious illness. And now the new president and his administration want to further cut regulations in every industry including the financial markets. Hope everyone enjoys the inevitable outcome from this.
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  4.  @ResisterCIO  You combine them all. And the tech is getting better and better. It's also getting cheaper and cheaper. And let's not forget the cost of using our military to protect oil while it is being shipped around the world.
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  5. ​ @ResisterCIO  The assets themselves do NOT have to be liquid. Those assets are not meant to be sold. When the owner needs money, they go to a "friendly" bank and borrow at 1 to 3% interest rather than sell the asset and pay a higher tax. That's one of many reasons asset prices are so high and our debt as a country and individuals is high. Most of us own nothing and have to go into debt to use those assets. A proper yearly wealth tax on those assets would solve a lot.
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  6. Did you hear what Powell said today? in so many words, he said the FED is in no hurry to lower rates. Expect one or two small rate cuts and then the FED will wait and see what the new president does. Because right now, everyone is expecting his policies to lead to even greater inflation (other than maybe fuel).
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  7. Instead of giving the builders more tax incentives, you give it to the FIRST TIME HOMEBUYERS. That's where the demand comes from, actual home buyers. Let them use that savings to choose whatever home they want rather than the "new ones" built by homebuilders that probably won't pass on whatever tax savings was directly given to them for building homes.
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  8. Stop listening to right wing media. Congress did not receive a 40% raise. That was a "potential" raise if their salaries kept up with inflation over the years. In response to public concern, the provision for the pay raise was removed from the final version of the continuing resolution, which passed Congress in the early hours of December 21, 2024.
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  9. The people losing that house at the beginning probably planned for it being taken from them and decided to not pay the taxes or repair anything. Instead, choosing to use the money they saved to move onto something more affordable after the foreclosure is complete. Maybe someone lost a job or died.
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  10. Florida could easily tackle this issue by implementing a state income tax specifically for disaster insurance on homes. This way, everyone contributes to the system instead of pushing the problems onto future generations. Right now, you might not feel the pinch as an individual, but trust me, someone down the line will be left holding the bill
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  11. Planning to buy a new computer with my credit card!
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  12. I bake my own 100% beef burgers, and they have no weird ingredients. Just pure beef. I buy a package of 10 frozen quarter pounders for about $9.00 and it only takes a few minutes if you thaw them ahead of time or 25 minutes if you bake them while frozen. Fast food joints are just not worth the money unless I'm traveling and don't have the time. But most people are just lazy 🙂
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  13. You repeatedly stated we need more "common sense policies." I'm not asking for a detailed Congressional report, but it would be nice if you offered a bit more detail on what your idea of "common sense policies" are. Complaining without offering what you think are solutions is tiresome.
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  14. Did you hear that AT&T is planning to give their shareholders a hefty dividend while also buying back stock? They’re looking at nearly $40 billion for this! It’s great for investors, but it raises some eyebrows—especially since they haven’t fully upgraded their aging equipment, which can lead to security concerns for everyday customers like us. And what about the employees? It seems like raises and bonuses are off the table. I've been saying it forever.... asset ownership is the fundamental problem in the USA and the only solution is a proper wealth tax on those assets.
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  15. Been saying it for ages, especially in your videos. Wages are only a small piece of the puzzle. We need to get asset prices under control with a proper wealth tax on assets owned over $10 million so it doesn't affect working people. Fix that, and wages won't need to be endlessly hiked. Don't expect it to happen in the new administration. If anything, expect asset prices to reach new all time highs which will make things worse in the long run for the rest of us.
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  16. Work for life? Not me!!!! I'm going for the high roller life. I'll just combine my Walmart paycheck with a payday loan and let the magic of that one-click mouse online gamebling button do the rest. Who needs hard work when you’ve got this foolproof strategy? Sorry, had to spell that one word wrong or my post would get censored. You know what I meant by gamebling.
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  17. This video started off a bit dull, but I stuck with it, and it turned out to be much better than I expected.
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  18.  @JoesIceCreamCone  I rather own an EV than a gas guzzler. It's much cheaper to maintain.
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  19. Nice Ferrari at 4:54
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  20. If and when I buy my new (or used) vehicle in the next few years, it's definitely not going to be a gas guzzler. The costs to repair an EV are much cheaper because they have fewer parts. And batteries are getting cheaper by the year, so replacing a battery on the EV won't be as painful if needed.
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  21. Yea, because no other president in history ever did the same thing including DT during his first term.
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  22. Maybe you are underestimating people. They are "buying now and paying later" because they think the policies of the new administration will cause higher inflation. These people are buying things like new computers now before they become a lot more expensive.
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  23. To be fair, a net worth of $1 million at a very reasonable 4.25% interest would net you $42,500 a year. That's solid enough for a single person to retire on. I've seen a few CD's paying over 4% right now. Not saying that's a good investment if you are young, but if in retirement that is a good option.
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  24. I think he is a little late to the party. The next four years are finally going to wake most people up. Unfortunately, it will be after the inevitable major economic crash and possibly a major global war. Our only hope is A.I. can ease the pain and safely transition us into a more responsive form of government.
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  25. Collecting tax money from the working class and transferring it to their wealthy "friends" through government contracts. That's why you never vote for government officials who want to privatize everything. Their real agenda is to create a middleman between you and the service in order to skim endless amounts of taxpayer money while providing you with as little service as possible. Sure, it's good to privatize some things like the DMV, but healthcare and social security among other things? Uhh... just no.
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  26. They buy it as status symbols.
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  27. I guess it depends on what you mean by retirement. If simply not having a job means retirement, then most of us will be retired in the next 10 years when A.I. replaces us all 😞
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  28. The META job cuts are due to A.I. But he's making it sound like they were laid off because of personal performance issues.
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  29. Struggling with a car payment? Maybe the dealership will have an 'unexpected renovation.' Looks like peaceful demonstrations are evolving in their approach to resisting authority
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  30. And he completely overlooks how we can file bankruptcy on any loan except student loans. And the reason why? Because student loans are packaged into "securities" that are sold off to investors as guaranteed income. Not allowing bankruptcy on the student loans is what made them guaranteed income. The same exact thing was done to mortgages before the 2008 great recession. But if you listen to guys like Bordenaro, they try to simplify it into bumper sticker slogans, "You took out a loan. It's your responsibility not mine." Sounds great until you truly understand how we got here and the repercussions from thinking like that. It's easier to tell voters the bumper sticker slogan than my example above.
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  31. Heh.... the censorship in this thread is amazing.
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  32.  @voicefromthedark-t2w  Nah, but I'm going to ignore you. Keep believing what you typed in the first post and expect things to change. That's all I have to say. But I'll try a few more times to post my other comment even though it will be watered down dramatically.
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  33. Come on. You are smart enough to know the rates are going up because of the expected policies from the new administration coming into power. Do I really need to explain it in more detail?
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  34. Winter in Florida is a delight, but the other eight months feel like you're wrapped in a sweaty blanket. That's why Canadians flock to the Sunshine State during winter and then scurry back home when the heat cranks up
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  35. LOL youtube deleted my first comment. Let's see if it sticks after rewriting it: I just read "The Fed's twice yearly Financial Stability Report." Two things that caught my eye: 1. Asset valuation pressures are "elevated," though corporate bond spreads remain low; business and household debt risks are considered "moderate." Liquidity conditions in the Treasury cash market appear challenged and could amplify shocks. 2. Financial sector leverage vulnerabilities remain notable, with hedge fund leverage near the highest levels since 2013. --------------------------------------------------- It's safe to say most people don't even know about that report let alone read it. And it states exactly what I've been saying is the problem with the country right now.... ASSET PRICES ARE ELEVATED. I've also been saying it in your videos. It is the main reason for inflation over long periods of time. And the only real solution is a wealth tax on assets whether the asset is sold or not. Make it so the tax only affects those owning more than $10 million in assets so it doesn't mess with people owning a small home or a small business. And no, it's not punishing success to create a proper wealth tax. Don't go there.
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  36. I just read "The Fed's twice yearly Financial Stability Report." Two things that caught my eye: 1. Asset valuation pressures are "elevated," though corporate bond spreads remain low; business and household debt risks are considered "moderate." Liquidity conditions in the Treasury cash market appear challenged and could amplify shocks. 2. Financial sector leverage vulnerabilities remain notable, with hedge fund leverage near the highest levels since 2013. --------------------------------------------------- It's safe to say most people don't even know about that report let alone read it. And it states exactly what I've been saying is the problem with the country right now. ASSET PRICES ARE ELEVATED. I've also been saying it in your videos. It is the main reason for inflation over long periods of time. And the only real solution is a wealth tax on assets whether the asset is sold or not. Make it so the tax only affects those owning more than $10 million in assets so it doesn't touch regular people owning a small home or a small business.
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  37. Okay, no clue why youtube kept cesnoring my comment, but here is the dry boring version: The Federal Reserve's recent Financial Stability Report highlights two key points: 1. Asset valuation pressures are elevated, with corporate bond spreads remaining low. Business and household debt risks are considered moderate. Treasury cash market liquidity conditions appear challenged and could potentially amplify shocks14. 2. Financial sector leverage vulnerabilities are notable, with hedge fund leverage near the highest levels observed since data collection began. These findings align with concerns about elevated asset prices, which can contribute to long-term inflation. A potential solution to address this issue could be implementing a wealth tax on assets exceeding a certain threshold, such as $10 million, to target individuals with significant wealth without affecting average homeowners or small business owners
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  38. Older generations have historically opposed low income housing projects in their neighborhoods, fearing it would impact property values. This, along with broader economic factors like the Federal Reserve's policies, has contributed to rising housing costs Really youtube? Making me use "older generations" instead of the official generational term? I'm seriously fed up with youtube censors.
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  39. @ Or buy a small airstream trailer and park at different truck rest stops and walmarts overnight so nobody becomes suspicious. Yes, airstreams are more expensive, but they are built to last and hold their value much longer. Less maintenance needed.
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  40. ​ @powerguymark  You are missing our normalization of inflation from the printing of money. Imagine if the price increase was from true market dynamics with only a tiny portion coming from inflation..... I'm to lazy to go into the "wealth tax on asset" rant again, but the problem is solvable. Just don't expect to hear the DT administration discuss it as the solution.
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  41. Meh.... who needs home insurance. If a natural disaster happens, the government will bail me out!
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  42. My search for a "vacation home" under $100k continues. I found this property below but it looks like a scam. Only $100 HoA that covers everything other than taxes and electricity? 1311 E King Ave, Kingsland, GA 31548 What do you guys think about it? Sure, it's in Georgia of all places, but the area is not that bad.
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  43. Inflation is not the only reason the FED is reducing its interest rate cuts next year. They are also worried about the incoming administration's policies. Yes, the policies are inflationary: tax cuts, deregulation, tariffs, and more debt spending among other things. I think the only reason they cut this month is to keep markets from crashing which would stop people from spending on holiday gifts.
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  44. I'm so going to remember these no war comments when Iran is "brought to justice" with this new administration.
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  45. Better to live life to the fullest when you are young and leave the burden of your old age to society.
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  46. There are other ways to pay for those things besides property taxes. So yes, property taxes should NOT be a thing unless people vote to make them a reality. They should not be imposed on us.
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  47. So your main Florida home is in Miami? Up until March 2022, I lived about a mile inland from the ocean in Pompano Beach (near US1 and Atlantic Blvd). Every so often I check GOOGLE maps and it's amazing how much that area changed since I left Florida. I bet the property taxes went up even more since I moved.
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  48. No... We are in an A.I. revolution and companies need less human labor.
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  49. Cutting the government budget without creating a "proper" wealth tax to get asset prices under control is going to cause a massive economic meltdown because a lot of that government money is being used to help people afford those overpriced assets. And not only that, the new administration is going to cause asset prices to inflate even more because the regulation cuts and tax cuts (among other things) is going to be used to further increase the prices of assets. All the working people having their so called "entitlements" cut will be in worse shape.
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  50. I wonder how much of the government cuts will come from all those crony private contracts. You know, the real stuff draining the country dry. My guess? Nearly zero.
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