CRUCIAL Housing Market TIPPING POINT Has Been Reached 

​@@afisanaamarried. Duel might be more accurate 😂

It's impossible with two incomes making over $200k... your not alone.

@@amesasw it's depressing

@@michaeljacobs2860it ain’t they are irresponsible. Lol. If 1 person can do it with 100k then guess how easy it is for 2. Who do you think is buying then? most of the responses on housing are broke people lying lol

@@michaeljacobs2860dude follows this dude and josh fluke chance of him being broke is 100% lol

What are the average prices?

I saw this is 2005. One month multiple offers, next, no offers. I’ve learned the RE market can change very quickly.

Whenever things shake out for you ... AVOID HOAs at all costs. Not only will you save money, but it will help your mental health not having to deal with Super Karen, the neighborhood tyrant.

Don't feel hopeless. Economic downturn as Mike is saying is imminent. I believe it will be catastrophic. Our home prices are going to go down like the Titanic. My opinion and I'm usually always right.

Im glad to be renting and those prices are starting to drop now too but not buying now

Don’t feel hopeless, take the time to study our financial history. We are currently a financially deregulated boom bust capitalist nation (as is most the world). There are nation’s effected to the extent that inflation is 125% to 200%, because their countries can’t manipulate their currency & debt the way our nation can do. The previous economy post 2008 was manipulated by the Federal Reserve as QE (abnormal low rates & buying up government debt, and for the first time in history in 2020, the Federal Reserve bought up stock market entities debt to mask the complete collapsing of financial instruments.) Think about it this way, the baby boom generation is in the process of leaving the planet, so look at those houses from that point of view. Keep listening to Michael. I’ve been through multiple boom bust cycles as an adult. Just understand, there are multiple avenues (options) to rearrange your financial picture, money (debt) is a tool, nothing more, nothing less. Look at the Federal Reserve’s created tightening as a way of resetting the economy. I was in banking & backend finance. If you can’t afford what you are committed to, change the commitments. I analyze everything from where I want to be, backwards, to where I am. What are my options to change (or stabilize) my situation. There may be a huge increase in bankruptcies, and that is the best time to declare, when finance is forced to make the consequences minimal, or they won’t have any business.🤗 Also, just downsizing your life in a different ways or even a location is always an option. Done all of that before. Now know, these are finance manipulated cycles. The lack of living wages is about finance ownership of businesses forcing the creation of consumer debt. This is what our economy is, completely (99% debt instruments), and in an unregulated (deregulated) environment, boom bust is all there is. Bet you never heard that from U.S. media & political propaganda, that is completely owned by finance.🤪 You can decide how much you personally feed the beast😈. If you don’t want to generate more income (I’ve heard one of Satan’s helpers say “let them work 3 jobs”), downsize or get someone to share the load. America used to have “boarding houses” in the Great Depression, as a way to keep the house (especially single, widowed women), and it provided a cheaper way for those even less well off, to have a roof over their heads. Don’t let the financial system beat you down, manipulate your life around their💩! There is always a way, you decide which way, let others help shoulder the load, or retrench with those who are better able to carry the load. I’ve done that too, (the 1970’s were really bad), the 1980’s weren’t great either with super high finance costs and low wages, the 1990’s were escalating financial fraud to hide financial instability, and then 100% deregulated financial fraud beginning in 1998 to stave off that collapse, finance again started collapsing with 9/11 attack again finance propped up even more, technically collapsing again in 2005, the financial system “eased” down to stem chaos to minimize shock, (finance bundled foreclosed houses and sold them to private finance entities.) You see, you have always been inside of this. We have to be eased down, because financing is deregulated fraud that transfers wealth. I’m lucky enough to have been in the industry doing the manipulation, and I’ve studied how it works, and can move in and out with that understanding. If your money tool breaks, you have to get creative. I’ve moved a lot, leveraged and de-leveraged multiple times. I just look at money (some other’s bank created debt instruments) and debt (my bank created debt instruments) as being the same thing, humans using an artificial creation, that does or does not have value based on the manipulation of civilization. That’s all it is. If you get too unstable to be housed, then you have to make big changes, they don’t have to be permanent, just expedient. Think outside the box finance created to define you. Your seeking finding angels can always find what you need, always find the way, whether or not you can see a path forward, just keep moving forward.🎯 (Never feel like your “things” own you, and you have to build your life around them, they don’t own you, (you own them or you decide not to own them), freedom is a feeling, you can achieve in a multitude of ways. My favorite house is a quarter of a Century behind me, but my favorite view is right outside my front door❣️

Rent! Its better

I just did the same in Miami. I used a Uhaul truck and hired movers through them. It all came to about 500$. And I had 2 moves in there one too a storage unit.

Super idea Thank you....

Nice!!

I did the same out of Miami, same price, best $500 I ever spent!

What a great idea.

Im seeing rent and sale price drops now

High end gets killed by downturns, because even rich people don't really need McMansions +, and the number of people that have 10 milli + to drop on a pile of wood can go way down, if recession seems likely.

I'm watching some Miami area waterfront canal homes. Why buy for 10M when you can rent for 5k/mo LOLOLOL. These owners are insane. (BTW, this is a 3ksqft ranch home that was 1M in 2017).

My rent quadrupled in five years. Never rent again.

Which condo in Clearwater?

We’re having a great time. Thank you, Juliet. And you’re right, they all manipulate the numbers.

They do not report correctly & have removed price history

MLS intentionally makes it hard for competitors to 'scrape' their information, so if you use the cheaper data sources, you get what you pay for.

yep but i see house prices going down envy here in NC and SC !! finally and yes rates are high I am gonna but and refi when the rates go down ..however I am going to pay off at least a quitter of the loan in a year... so not to much worried about the rate right now

exactly

Not to mention they raise your rent the next year because they know moving is a pain.

Yes, all those little fees that are tacked on the last few years are completely obnoxious.

Sometimes water, sewer and garbage. You get to pay it in the “rent cafe” hated that shit

​@@stewartbergman1812yep!

The next thing rentals pay will be the landlords property taxes.

We are Christine. Thank you so much for your kindness.

Airbnb failures will continue to drive down values of homes. -8% drop in median home values last 3 months alone.

name ?

wait till the airbnb's start selling because the revenues aren't meeting the carrying costs. but those are short sales, so they'll be really, really stubborn on price.

That’s probably why if you really want to game the system, you have to live minimalisticly making it easy to move each time and take it vantage of the incentives at a new place every year if necessary

Corporate landlords aren't that significant. Plurality of those investment properties are just investor families. Even when you see a "corporation" that buys these properties, half the time or more when I check, they're just LLCs run by normal upper middle class families. Though part of why it's confusing is because a lot of these families use Property Management Companies. Those don't own the properties. They keep risk and liabilities low by just managing the properties of the actual owners. A lot more owners these days use these services because they don't want to deal with tenants anymore. Many got burned by the COVID eviction moratoriums and various other issues. So now we got more callous and less personable property management teams dealing with tenants than before.

@@MichaelBordenaro Renter was a mover offered to move me $150 .I TOAD him $300 and don't Muck it Up.Perfect..😁

😂

😆

What followed shortly after was one of the better moments. Most people can't make good arguments like that.

As someone who used to sell real estate, I consider myself and some of my colleagues as people with integrity. Of course, there are many terrible ones that give us all a bad name.

yeah my experience has been that realtors only care about the commission. Hands down. They need the sales to butter their bread!

You’re right . Greedy landlords.

and property taxes. the reassessments this year should be epic.

I keep hearing that but all prices do is go up.

Well, not if you lose your job like I just did yesterday when all of us were laid off and the company closed its doors. CPA firm.

​@krapekk you're going to get another job. Focus on Jesus because he will get you a new job. Every day every chance you get say Jesus I Trust You. Ask Him and you will get one.

@@krapekk I’m so sorry to hear about this. Keep God first in everything you do and everything will work. Again I’m very sorry to hear about this.

Keep wishing upon your stars buddy. I’ve been hearing this narrative for a long long time. So many people said the pandemic will crash the markets. Hahaha what actually happened was the real estate market appreciated 40%. Things only happen when you least expect them just like in 2008. Is there a downturn now? YES but I would love to hear your thesis to why it will crash HARD. I can give you a whole laundry list of why it will slowdown as it has but never crash.

❤👏👏👏

Paradise is coming back slow but steady, people there scam the insurance companies big time

Yes, but how much is your rent?

Your rent is only $500/month?

@@schadlarry My rent here in Mexico is $400 a month.

@@schadlarry 800

Thanks!

That would be me! I bought for 268k June 2012 put my house up for 890k last May-July thinking I’d get over a million. I dumped all “my stuff”, professionally staged, and I took off in the Tesla drove to Key West thinking I’d move to Florida. Had to come home and refurnish 0 offers in my beautiful home. I’m actually very glad because I refinanced it 2.75% February 2022 - low taxes

Property taxes, plus they know you are full of it.

It’s definitely seasonal but it’s also a testament to how low buyer demand is compared to earlier this year. Sellers in your area aren’t adjusting to these market conditions yet so they’re forced to cut prices.

3 free months of $3000/mo rent over a year means your rent is $2250/mo with no free months. That’s a big difference. So it is lower, they are just lowering it in an annoying way.

@@thetapheonix definitely annoying but it is also setting the price for the whole market when they refuse to lower the base. Small landlords price adjacent to luxury listings. Also they're determining income qualification on $3000 and not $2250 so it shrinks the pool of who can come into the building.

@@saynay333 I'm a "small" landlord. The difference with me is that I own the few properties I have outright. There is no mortgage so I set my own rates which are well below whatever nonsense the big money sets theirs at. I prefer reliable tenants and they prefer lower rent so it's win-win. I also think steady money is better than big money. I've had most of my tenants renting for over 10years. In that time rent on one of them only recently went up to 1050 from 900. I had to because of prop taxes & insurance which is getting ridiculous, but it was the only increase they've ever had and it's a 3B1B house. Keeping my rent low for steady reliable income has been very very lucrative. These big time money guys are just stupid. Don't get a mortgage to rent it out, buy the property outright it's not like they are broke. They are just greedy bastrards.

oof, st louis

@@timothyandrewnielsen what about it

Solid wood my friend. They don’t make them like that anymore.😀

dont buy it

Everyone thinks they have to live in a newly remodeled home. What does your current place look like? prol old as heII

Buy it and take your time improving it. Nothing wrong with a little sweat equity. How do you think Gma and Gpa got there?

@@juanitavaldez1907 dont buy things with other people's money. simple as.

I agree this insurance nightmare can be what brings the whole thing down

The You'll own nothing and be happy thing

Exactly. Only corporations will own.

Yeah but who insures the houses owned by the landlords who will be renting to this nation of renters?

@@burleybater big corporations will work out deals with insurance companies

I've built my wealth through smart investing, giving me a solid understanding of the economy. I studied finance at FAU and earned a master's from an Ivy League institution. But, here's the thing: true success isn't just about degrees and theories. It's also about being cautious when following advice, as following the wrong people can lead to costly mistakes. It's crucial to recognize if these "prophets" have hidden agendas, like profiting from views on videos or selling sensationalized information. Moreover, if someone has been claiming the same thing for years, it's a clear indicator that they may be wrong on the mid-term outlook, and it's wise to approach their advice with skepticism.

@@AssetAddict Are you implying that maybe Michael Bordenaro is wrong?

@@timothyandrewnielsen He is making far more money listening to your videos than he EVER made selling real estate. I think he is wrong on every level.

Wouldn’t that be considered fraud?