Comments by "Robert Rochester" (@RARochester) on "Michael Bordenaro" channel.

  1. You won't be able to as in the past; parts will be discontinued and the after market parts will be hard to get if at all; you'll end up getting used parts off wrecked vehicles. This has happened to me with my daily; a 2008 Mazda 6.
    7
  2. Move before your money runs out.
    7
  3. You're right; I VOTED for Trump; these tariffs are LONG overdue.......
    6
  4. Now THAT was a stupid move; if anything he should've tried to grow that market.
    5
  5. The FedEx Office is a different department; they grew it from Kinko's. Shipping is down in part by increased competition from Amazon. Amazon stopped using their services basically....
    5
  6. Very nice and succinct. Also, include ALL of the OSHA regulations.
    4
  7.  @lourdesgraney7878  That's why the debt remains even with a bankruptcy.
    4
  8.  @james6794  Means nothing because the taxes compound so year 1 it's 3% and year 2 will be 3% plus increase on the original tax base
    4
  9. Getting rid of the entitled millennials as well so they can have work/life balance. I hope they enjoy it..........
    4
  10. FedEx is losing business to Amazon; that's another part of their earnings being down.
    4
  11. This scenario does occur and in some cases favorable for both buyer and seller because property values remain higher thus making the area and property more valuable. This works for the buyer IF the buyer's an investor; it's all a write-off and the seller of course walks with a sizable profit. If the buyer is an owner/resident the benefit is retained or perceived value of the property; each deal is different.
    3
  12.  @lorihamlin3604  I'll explain; when you TAX ( tariff ) imports it makes locally produced products cheaper; cheaper locally produced products creates a demand which leads to job creation. It appears to me that you are too young to remember when " Made in America " meant quality. This changed to " Made in Japan " and now " Made in China ". We ( US ) used to produce TV's made by RCA, Zenith and Quasar to name 3 which changed to Japanese products like SONY, Hitachi and Mitsubishi. So, YES, tariffs are a GREAT thing for the US; our economy is about to improve for the better.
    3
  13.  @bpb5541  American labor becomes CHEAPER when you tariff the outside competition. This is what China did to the US.
    3
  14. You're doing the right thing; you preserved your self respect.
    3
  15. Nice reporting.....
    3
  16.  @dianelee346  They've had enough breaks like Spring Break and coffee breaks everyday at Starbucks; give them all a break including a trophy for coming in last.
    3
  17. We're glad you left......
    3
  18. Stop the crap about the boomers; they've had a THIRTY YEAR head start over the millennials. They've had to endure layoffs from IBM, Eastern Airlines; Pan Am; Kmart, Sears, Tyco and SunBeam to name just a few ( I won't even mention jobs lost by the Big 3 in Detroit ) ; they've taken losses in the Great Recession and have seen their jobs SHIPPED overseas as well as seen their stock take a beating in 1987 on " Black Monday "; at this point there isn't a boomer who isn't supporting their millennial children while at the same time coming up with the money to support their parents in assisted living facilities that cost thousands of dollars per month. Know your history before repeating the bullsh!t on social media; you won't find a millennial at Waffle House or Denny's but you'll see the boomers; you know where the millennials go ? They " do " brunch at places that serve mimosas and bloody mary's while having avocado toast and eggs benedict with salmon; the boomers make their coffee at home with a coffee maker and use a thermos while the millennials order their coffee at Starbucks and then pay for it with Apple Pay when they stop to pick it up. So spare us all with violins !!!
    3
  19. Mike, really ? The chick goes to school to make $27,000.00 a year ? Dishwashers make more; my heart doesn't bleed.
    3
  20. True, the only problem is the working class employees are to ones that pay the price.
    3
  21.  @Cummata  as my last line stated; each deal is different. The concessions are not anyone’s business really….
    2
  22.  @Cummata  No problem; just remember even if the house sits for awhile the investor is still writing off depreciation plus any expenses and upkeep. Real Estate is arguably the best investment vehicle at the moment; that’s both good and bad depending on where you are on the property ladder.
    2
  23. The tariffs are being used as a bargaining tool; hence, on again off again.
    2
  24. You're making a ton of assumptions because it's been debunked that investors like TricCon, American Homes 4 Rent and Invitation as well as Blackstone own more than 30% of all family homes across the US; that number also includes the Mom and Pops.
    2
  25. But your kids " decided to NOT take the approved loans " ( and good for them; you raised them well ) so why can't others ? I'm a former student and I walked away from these loans and paid for my schooling by living frugally by shopping at Dollar Stores; buying my furniture at Goodwill and making my coffee at home ( no Starbucks for me ) so in other words I have no sympathy. Remember, EVERYONE of us was at one time 17 and 18years old and we faced the same decisions and challenges.
    2
  26.  @jakoblarson4597  You left out the rest of his sentence to include liens on property, tax refunds, etc. I bet they had hard time in life because their credit was f*cked. They can't lease a place or car and have to pay everything in cash because of no access to credit.
    2
  27.  @superstringsbro  if you leave the country you more than likely escalate the situation and you may end up a felon and be extradited back to the United States to face charges. Most first world countries are a part of a treaty and honor each others laws so in other words; you can run but you can’t hide. Unless you want to live in Haiti with sewage running on the streets that you live…..
    2
  28.  @superstringsbro yeah, like I wrote the IRS and the US Government always wins; get comfortable in your broken down Winnebago RV or living in some mobile home park. The government always wins….😂😂😂😂😂
    2
  29.  @Norm475  Everything is designed to fail especially now; it keeps the economy going because people are forced to upgrade and keep buying. At your age you should have figured this out already; I shouldn't have to explain it to you. Keeping parts in stock longer than a certain age ties up space and money; this is why parts are " on order ". Nice little comment !!!
    2
  30.  @Csharpflat5  Why is comprehension LACKING ? Where in my post did I write that you CANNOT get parts for older cars ? I wrote that over time it will be HARDER to find parts; read my post AGAIN.
    2
  31.  @frankcorrea8691  I've seen machine shops LITERALLY build new parts from specs of the broken one. I always like to check out the old classics to see what's under the hood. The classics that are ALL original ( OEM parts ) always go for more money otherwise they turn them into Hot Rods.
    2
  32. All of what Michael states starting at the 12:40 mark is correct; the sellers are still in la la land amid fewer qualified buyers.
    2
  33. That's GREAT news........
    2
  34. Since the value of the dollar has gone down; what happens to the cost of living ?????? Did you stop to think ???? The original post is correct; the cost of living has gone up….
    2
  35. So the video evidence is not true; has your grocery bill up ? What about your car insurance ? What about your rent or mortgage and property taxes ? Record layoffs in the tech sector; should I continue ? He’s merely pointing out the obvious; clearly he mentioned the mall in Aventura, Florida which is more of a unicorn. So this just tells me you’re all about selective hearing….
    2
  36.  @AJ-ox8xy  and living on sewer filled streets 🤣🤣🤣
    2
  37. Surfside is the reason why HOA fees are going up; HOA's are trying to comply with new laws that mandate inspections of the buildings.
    2
  38. 80% of divorces are initiated by women.
    2
  39.  @debbiec6216  You're suggesting that 60% of people that shop at Walmart have expendable cash ???🤣🤣🤣 People that have money do not go to Walmart. A very small fraction ( Warren Buffet types ) shop at Walmart because they're cheap, smart with money or both; where did you get 40% ???
    2
  40. The corporate investors have the money and wherewithal to " manage " the market. Rent is NOT coming down anytime soon overall ( I'm not interested in hearing peoples anecdotal experiences ); the real estate investment firms will just keep units off the market to maintain rental price levels and the loss of revenue on units sitting empty will be a very nice TAX write off so anybody that thinks the tail wags the dog is in for a big surprise; these people don't build units without a long term view; they can and do control the market. You either pay the rent at current rates or live in your car.
    2
  41. At the 3:22 mark; that view pretty much BLEW up his position; a 1.7% drop in home price isn't even worth mentioning; over 440,000 people moved to Florida alone. There is NO way you can build to keep up with that demand especially when you already had housing deficit to begin with.......
    2
  42. @Numbered--Weighed--Divided Insignificant; especially as it pertains to Florida. The price for homes were and are astronomical and simply put; if you want $10K for a car you ask for the moon and the stars i.e. $19K and you let the buyer or market forces talk you down.
    2
  43.  @leonoremoore1159  This is considered illegal, thanks to the ACLU......
    1
  44. Student loans could always be financed; it's the fact that the government guaranteed the student would get the loan that led to universities and colleges to come up with dummy programs and degrees. As a result; we have dumb people that think they're smart because they went to school and got a degree in Art History and now they're an expert in everything.
    1
  45. It'll catch up to him when he tries to make any kind of major purchase. The things you don't want on your record; eviction, foreclosure, bankruptcy, repossession; misdemeanors and especially felonies. The government has ALL the time in the world.
    1
  46. Agreed.....
    1
  47. Bidenomics; this country cannot survive the tyranny of this evil administration if reelected. Trump 2024 !!!!!!
    1
  48. Nicole from Zillow should've prefaced her comment about the FUTURE generations not current with regard to home ownership; I believe this is what she meant.
    1
  49. The mismanagement of the US economy is the result of this and it's affecting the world economy. The US is the world's largest consumer nation; if the US doesn't do well then Germany ( among others ) can't sell their BMW''s, MB's and Volkswagen to name three; same is true for Japan; slow sales for Toyota, Honda, Nissan, Mazda, Mitsubishi add S. Korea to the list with their Kias and Hyundais. China's economy is affected because it can't or has a hard time selling it's manufactured goods to the US. In short; we need a massive turnaround when it comes to the current administration. The current fiscal policy by the Biden Administration is a colossal failure not to mention its foreign policy where our tax dollars are being expended elsewhere while US citizens are suffering and struggling to make ends meet..
    1
  50.  @nicholasalteri3144  The younger generation generally have their parents ( boomers ) to fall back on while the boomers have to find the money to pay for assisted living facilities for their parents. All generations have cell phones and we all need the internet just to get TV so in short a gallon of milk cost the same for boomers as it does for millennials.
    1
  51.  @garethwilliams4467  You have a good day.
    1
  52. What's going to happen is the owners ( some ) will not be able to pay the assessments to make the reserves solvent. When this happens; some owners will take out a second mortgage and others will sell less the assessment. Finally, property conglomerates will come in and buy the distressed properties and rent them back to the former owners; I agree with making the reserves solvent. My association ( I'm on the board ) manages our funds and we have more than enough in reserves so much so we installed brand new barrel tile roofs and no one had to come up with out of pocket money; in fact our insurance went down because we installed new roofs. Too many associations have been getting away with insolvency.
    1
  53.  @hvaball150  That option will be very expensive because property taxes and homeowners insurance goes up which is then passed on to the end user ( renter ).
    1
  54.  @hvaball150  Please, I've done the math and I can assume ANYTHING; I assume the sun will rise and I assume that it will rain; it's called forecasting and there isn't ANY business that doesn't do this; now, housing cost will not go down because the need for it will be constant; what no one is talking about is LEGAL migration; there are TONS of people from South America from Brazil to Venezuela to Colombia as well as ALL of Europe and then throw in expats from the former Soviet Union and you have a need for housing that outpaces developers ability to build; the cost of loans are high due to interest rates. The cost and time needed for permitting, land acquisition; loan restrictions and other resources prohibits building on a timely and large scale. I'm on my 3rd tenant and at the conclusion of each lease I was able to increase the rent by $300.00 a month which is LOW compared to others; it isn't common for reserves to be funded; this I know because banks ASK for more money down depending on reserve status; people are JUST NOW advising against condos that 3 floors or higher because state law ( Florida ) requires a stress test and whatever the findings ( assessments ) then the cost are spread amongst all the units even the ones that are not affected. Tell me; you think real estate investment firms like American Homes 4 Rent, TriCon as well as Blackstone will be going out of business ? These are multibillion dollar corporations. You need to understand this; people die ( funeral homes ); people need a place to live ( housing ) and people need to eat ( self explanatory ) so don't talk about sh!t you don't know. This is your quote " renting is cheaper as the product loses value " ??????????? You been to NYC lately ?????? Or anywhere in California ???????? How's the rent in either of those places ????? Have they been going down ????? 🤣🤣🤣🤣🤣
    1
  55. First YELLOW now Party City; this regime has to end soon.....
    1
  56. Bidenomics !!!!!!
    1
  57. The theme should be " you shouldn't use student loans for your trips to Cancun for SPRING BREAK " or " you shouldn't use your student loans to buy CRAP " or " you shouldn't use your student loans to go to STARBUCKS everyday '; this would be a start.
    1
  58. Most of the time debt is not passed on; you provide a death certificate and then the debt is discharged and the company will write it off as a charge off. The bigger debts are collected from the estate.
    1
  59.  @jakoblarson4597  I wrote in generalities regarding what is at the DISPOSAL of the government to recover the outstanding debt ( keep up ). These people will probably NEVER own anything
    1
  60.  @superstringsbro  You think the government won’t COLLECT ??? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂
    1
  61. Ever increasing property taxes and homeowners insurance will EAT up any savings left by lower interest rates. Mike is correct in that people have to start paying back student loans in earnest; a lot of folks that thought they qualified for relief are finding out that they don't, I think houses there will be a tough sell; to replace a roof; AC unit or hot water heater is going to make it cost prohibitive; 2024 is not looking bright.
    1
  62.  @pre1980cars  My cousin owns his own mechanic shop ( Miracle Mile Motors ) for the past 30 plus years; car dealerships source their work out to him both foreign and domestic. I KNOW what I'm talking about.......
    1
  63.  @pre1980cars  My cousin owns his own mechanic shop for over 30 plus years; dealerships source their work out to him both foreign and domestic. I KNOW what I'm talking about; nowhere did I suggest that you cannot find parts; go ahead and read my post again.
    1
  64.  @psyker4321  Read my post AGAIN.
    1
  65.  @rebeccaburgess5333  Not true ? What ? My cousin owns his own mechanic shop for over 30 years and gets jobs from dealerships that outsource the work to him both foreign and domestic. Where in my comment did I write that you CANNOT get parts for older cars ? Still waiting.........ALL of what I wrote is true; some parts come from JUNK YARDS that what they are for; some machinist can manufacture parts based off of the specs of the original ( China does this ) with inferior materials that's why they break. Everything is designed to fail; how many 50 year old cars are on the road ? Stop getting triggered and trying to cope.......
    1
  66.  @Norm475  Ok, read your statement once more; there will be little to no DEMAND because most people trade their cars in most especially those that lease. If cars didn't FAIL then there would be no need for REPAIR; at no point did I write that parts cannot be obtained; if you were to read my comment once AGAIN; I clearly stated that parts become harder to come by because it's NOT cost effective for dealerships and others to stock parts for older cars because of low DEMAND which ties up space and funds. Junk yards exist for this VERY reason; whereby hard to find parts can be had and if not; you can go to machinist and have them build a new part. In the end; people by and large, will be FORCED to give up their vehicles because of the " law of diminishing returns "; ( wheels fall off ). This ( as an example ) is why we upgrade our phones because the battery no longer holds the charge and the replacement cost of a new battery makes no sense relative to just buying a new phone that has the latest technology and can run on the latest platforms with the latest browsers.
    1
  67.  @woodrmp1  You are right; parts age at the same time but degrade differently and because of this you have to decide when to cut your losses and upgrade.
    1
  68.  @Csharpflat5 did you not read my post ? That’s what I wrote; you’ll get parts off wrecked cars and the aftermarket.
    1
  69.  @thmswalters Read my post again; I wrote that you’ll be buying parts on the aftermarket and off wrecked cars; where do find wrecked cars ?
    1
  70.  @porkbunredditstories1843  which country would that be ?
    1
  71.  @kq2799  It's your CHOICE to work for peanuts.
    1
  72.  @juanvaldez7279  Stay off the sauce; your entire post makes no sense.
    1
  73. Brand new Kia Soul sells for $21k at MSRP while a brand new civic is $25k; it’s on Cargurus so I have no idea why this nonsense persists…..
    1
  74. Amazon has taken over; it won't be long before UPS gets gobbled up by Amazon and then that's when FedEx will be on its last stand because it can't compete with Amazon's prices.......
    1
  75. Mike is right on this.......
    1
  76. Florida needs to end the property tax; as has been stated by another poster; we're already paying taxes on our income ( not Florida ) and all purchases to include gas, groceries, sales, etc.
    1
  77. The Fed will cut rates but the benefit won't be felt until long after the election.
    1
  78.  @CHMichael  Very true.
    1
  79.  @truthseeker1959  Yeah, that's what they say; inflation wasn't a factor until recently.
    1
  80. They're laying off the millennials which will give them the " work/life balance " that they insist on...............
    1
  81.  @ro6742  A real good point you made regarding work from home.
    1
  82. Just get a lock box with the in the lock; delivery man puts the package in the box and drops key in slot afterwards; simple. For those wondering; the owner has a spare key to open the box.
    1
  83. People have to qualify for a loan; this ain’t the sub prime market ala 2008.
    1
  84.  @bobsacamano7653  No, do some research; companies like Ford, Walmart and L'Oreal were started by entrepreneurs that then passed on the reigns to family and because of their astute business sense were able to grow the company thereby creating valuable jobs for the working class. Jeff Bezos, Elon Musk and Mark Zuckerberg are recent examples that have created companies that employ hundreds of thousands of workers that depend on those jobs for a living. How many jobs have workers created ? How many times have you read in the papers and online of layoffs yet the company is doing just fine or even better ? If you get laid off or if you were to leave the entity that you work for, it will continue to thrive with or without you as demonstrated by Twitter, Google and Salesforce to name three; the workers DO NOT make decisions that help a company to grow; finally, CEO's are " mostly " paid through the VALUE of a company's stock so their decisions are CRITICAL to their pay and cash outs. So don't get too full of YOURSELF; workers are just that, workers.
    1
  85.  @andyjackson5404  A driver who borrowed a truck from his friend hit me; I called the police and he filled out an incident report and I filed a claim against State Farm. Once their investigation was complete; State Farm assumed FULL liability and paid for the ENTIRE collision repair to a body shop of my choosing so they're exceptions to every rule.
    1
  86. At the 6:00 mark it's a form of layaway.
    1
  87. WTF are you talking about ? That's ideal; you negotiate from leverage; if you're the seller let the buyer pay more or if you're the seller you let the buyer pay more; either way the broker gets the 6% whether 2 - 4 or 4 - 2.
    1
  88.  @deadprotocol  All depends; the agent can get 3% from the seller and 3% from the buyer and the agent gets 6% and both the buyer and seller get a discount of 3%. PERIOD !!
    1
  89.  @BREEZYM6015  I think it's $100k and the reason for the limit is because your funds are NOT covered by insurance beyond the $100k limit.
    1
  90.  @jakoblarson4597  and the rest had their credit ruined or liens on property ( so no need to garnish wages ) or tax refund was withheld; plus zero social security, the government and the IRS always wins.......
    1
  91. In this video " Jackie " is an idiot and she will pay the price; it will come to head and she will soon not be able to get a lease for place a to live; we already know that a mortgage is a pipe dream and hopefully NO SIMP will save her from herself. The problem that is almost NEVER mentioned is that these " college " educated students don't seem to understand that when you defer payments the interest accrues; in other words, you end up paying not only principal but interest on interest. It's THEIR fault and no one else's; let them drown in their debt.
    1
  92. Once government subsidies goes away so goes the EV's; not to mention the cost of replacement of the battery. It's as high as $20k, no thanks.
    1
  93. The Biden Regime needs to be stopped.......
    1
  94.  @healinggracehomes  So those EMPTY boarded up stores reopen on the weekends ? You have a roof over your head so that means there isn’t a homeless problem, right ? Unbelievable….
    1
  95.  @jonathantaylor6926  So what you're saying is Santa Claus is real. Thank goodness; I can start working on my list.
    1
  96.  @DIVISIONINCISION  Eminent Domain.
    1
  97. I agree with you.
    1
  98.  @EvelinHolmes  Exactly 💯💯
    1
  99.  @CorporateShill66  Two wrongs make a right......
    1
  100.  @Navarrete-TJ  Very few disasters ? You mean the wildfires that I've lost track of all the names then the mudslides after; I lived in LA county for five years and it sucked for every one of those five years; homeless people everywhere including Holmby Hills, Brentwood, Culver City, Santa Monica, Venice and all along the riverbed. Traffic was hell no matter if you were on the 10, 110, 5, 105, 710, 101, wherever you go traffic. Parking was almost always a nightmare and there is practically no one who hasn't received a parking ticket at one time or another; no doubt there's tons of top schools out there but UCLA and especially USC and CSULA you have to go through the sh*t areas to get to the school. Loyola Marymount not so much because it's up on a hill. There's a homeless problem in ALL three of the major cities San Francisco, San Diego and LA. You have to leave SoCal and head to Mammoth Lakes to get some respite from the grime. I know a TON of people that left Cali for Austin, Boise and Phoenix just to name a few........California's hey day is over; even Elon, Joe and Jeff left.
    1
  101. California's unemployment rate being as high is due in part because of the tech layoffs. Those jobs are not coming back because of AI; I don't see this affecting the rest of the country and if it does, it will be due to people leaving the state and bringing their money with them.
    1
  102.  @theboringchannel2027  Who pays the property tax on the commercial properties ?
    1
  103. Thank goodness for DeSantis !!!!!!
    1
  104.  @debbiec6216  Most people that shop at Walmart are living paycheck to paycheck so it's a fair assumption that they're spending " money that they don't have " whether it be debit card or credit card, most people that use debit cards don't have the credit to have a credit card, get the point ??
    1
  105.  @debbiec6216  Keep trying to be right, typical.
    1
  106. The Demoncrats are at it again; just a ploy to collect more taxes in the guise of " helping " the disadvantaged, before any knuckleheads start: YES, this a way to collect more taxes from the increase in INCOME TAXES as anyone can tell you who lives in California both at the local and state level not to mention the federal as well...........
    1
  107. This isn’t necessarily bad. This might be a godsend because some insurance companies may be insolvent…..
    1
  108.  @laurynelove7093  That's accurate for the past 40 years; I'm 58 so I can attest.......
    1
  109.  @Worldsminebp  " They're " poor kids.......
    1
  110.  @mattm9619  NOBODY is saying these people don't deserve it; it's the ramifications of the increase as spelled out in the video and outlined by others.......
    1
  111.  @GeorgeSchneider8889  They're jobs out there but they don't want them; they think " I'm a college graduate I shouldn't have to work in the mailroom " even though they have ZERO experience. I worked TWO part time jobs until I could find something full time. These kids want to start at the top; it'll never happen.
    1
  112.  @mattm9619  Did I write Spanish ???? Do you prefer no one ????
    1
  113. Relief is on the way; the treacherous Biden regime is finally coming to an end.
    1
  114. WRONG Michael; you can't retroactively go after people after the fact; it makes no sense. The current owners made the decision to buy KNOWING that there were no reserves; they TOOK the risk. It's on them 100%; nobody twisted their arm to buy; there was FULL transparency and FULL disclosure; once the dotted line was signed then that's it.
    1
  115. Predatory ???? Do you understand the meaning of the word ? Did anybody put a gun to these idiots heads ? Threaten their parents with bodily harm ? Did ANY bank knock on their door or called their home ? Did anybody FORCE them to fill out an loan application ? Look up the word predatory. I went to school and it was a CHOICE of mine ( MBA International Business Administration '97 ) this was my RESPONSIBILITY and I PAID it back.
    1
  116. We don't but you can blame us; specifically the Biden Administration for the mismanagement of the US economy. If the US economy suffers then it becomes a global issue. The US is the largest consumer nation in the world; if other countries can't sell to us then it becomes a domino effect.
    1
  117. Michael, understand this; these companies are laying off the bum a$$ Gen. Z’s and Millennials ( mostly ) so that they may have their “ work/life balance”.
    1
  118. I'll explain; when you TAX ( tariff ) imports it makes locally produced products cheaper; cheaper locally produced products creates a demand which leads to job creation. It appears to me that you are too young to remember when " Made in America " meant quality. This changed to " Made in Japan " and now " Made in China ". We ( US ) used to produce TV's made by RCA, Zenith and Quasar to name 3 which changed to Japanese products like SONY, Hitachi and Mitsubishi. So, YES, tariffs are a GREAT thing for the US; our economy is about to improve for the better.
    1
  119.  @Billy-the-Kid  Congrats, you know a big word like " simpleton "; unfortunately, your reading comprehension is lacking because if you were to read my post AGAIN, I wrote " to name 3 "; meaning that there were MORE than 3 and if you were to understand the United States we have laws called " antitrust " that curtail cornering the market so STOP using big words that you do not understand. Do you understand the word " monopoly " ? Do you understand " antitrust " ? Nice try, kid but you're on the JV team; stay on the sideline, there are pros in the room..
    1
  120. @Numbered--Weighed--Divided Read my post; I spoke specifically about Florida. Who the hell wants to live in the cold ? Governor Ron DeSantis is pushing through a law that prohibits the Chinese from buying real estate in Florida; if there was an impending crash as your alluding to then why would he do that ? At 440,000 people moving to Florida; there is NO WAY that builders can keep up with demand. The real estate investment firms will move in and snap up all those homes you’re talking about ( at slight gain by sellers believe it or not ); at a 27.5% depreciation rate; plus other write offs like loss of potential revenue ( property sitting empty ); property taxes; HOA fees; Homeowners Insurance plus maintenance makes real estate arguably the best of the asset classes to invest in; I absolutely do not care about statistics or data points because they only provide a snapshot in time that ignores the intangibles that are a part of the market.
    1
  121.  @jimshoe402  To Florida ?? That’s even worse than I expected…..
    1
  122. This is all true; my boss who drives a Jag SUV pays $1100.00 per month.
    1