FLORIDA EXPOSED! MASSIVE STIMULUS Being Pumped Into Florida Housing Market

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In 2024 the state of Florida will be pumping over $400 million into the housing market in the form of a first time, homebuyer grants, additional down payment funds for people that otherwise can't afford to buy a home and more. What do you think this is going to do to Florida's, economy, and home prices?
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11 сен 2024

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Комментарии : 1,4 тыс.

@MichaelBordenaro 6 месяцев назад

The LOOMING CRISIS: Economy and Housing Market READY TO BURST! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-76ZT1qT0fNw.html

@YourRightSide 6 месяцев назад

Have you heard “Groundly” - new concept to assist home buying. They buy land and lease back to you and you buy the house. Meaning you own nothing and owe everything and pay for everything for the false sense of ownership.

@MichaelBordenaro 6 месяцев назад

@@YourRightSide no I haven’t but thank you for bringing it to my attention

@edpatterson3789 6 месяцев назад

In the state of the union address was a 10 second blip that nobody heard. I did! Biden said we are going to get rental rate down on Apts built with fed funds (which is most of them) and then the big one "we are going to get private equity and hedge funds out of housing!" Let that sink in....

@sagekstevens 6 месяцев назад

21. 0@@YourRightSide

@stevenphillips3466 6 месяцев назад

Yah sure....

@nicolasbenson009 3 месяца назад

To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

@BridgetMiller- 3 месяца назад

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

@tatianastarcic 3 месяца назад

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.

@Michaelparker12 Месяц назад

Please can you leave the info of your investment advisor here? I’m in dire need for one

@tatianastarcic Месяц назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@berniceburgos- Месяц назад

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

@Jamess17065 6 месяцев назад

Property taxes are a scam!!! Every time a house switches hands taxes should not balloon!! What the hell does the city do with all this cash???? Many houses switch hands ad the taxes go up over 100%. Taxes should be fixed to the structre itself not based on new purchase price.

@naception 6 месяцев назад

If only...

@theonewhoknocks2835 6 месяцев назад

the new purchase price is the fixed structure

@MultiAnne36 6 месяцев назад

Taxes on my house almost doubled with the purchase.

@Jamess17065 6 месяцев назад

@@theonewhoknocks2835 not sure you understood. My sister owns a house she bought for 200k 10 years ago… pays 2-3k in taxes. She decides to move out of state and I buy her house for 800k which it now cost me. Which I will have to pay loads of interest on to the banks if I finance for 30 yrs. Also my taxes just ballooned to 16k a year to me. Thats 5 times more then what my sister paid. What does the city do with all these houses switching hands and they collect sooooooo much more in property taxes just because the house switched hands from person A to person B. Smh…

@HarrisonCountyStudio 6 месяцев назад

@@theonewhoknocks2835 fixed to a currency that’s worthless and

@breadnaut3087 6 месяцев назад

Remember, it helps them "buy" the home. They never said theyd help them KEEP it.

@MichaelBordenaro 6 месяцев назад

Absolutely true

@liamthompson9090 6 месяцев назад

This is just like the "liar loans" of the early 2000s.

@breadnaut3087 6 месяцев назад

@@Joshuatree7746 One could argue that down payment assistance is in the ballpark of freeloading deadbeat.

@freefree1664 6 месяцев назад

In Australia we have had several of these schemes for awhile now. The latest iteration is the First Home Loan Deposit Scheme - govcorp essentially goes 'guarantor' on up to 15 percent of your deposit, meaning you can purchase with as little as 5 percent deposit and not have to pay Lender's Mortgage Insurance. So they have a stake in your home. Don't see this ending positively at all.

@andyg.9187 6 месяцев назад

You’re so right. If you can’t afford the down payment you most likely can’t afford the house. If buyers can’t afford the down payment, how are they going to afford homeowner’s insurance, utilities, property taxes, home maintainance, etc. ?

@Ride-Fly 6 месяцев назад

Over crowding and inflation ruin every nice city / town

@TM-173 6 месяцев назад

gee, everything the current administration is doing ...how'd they know?

@Scorpio1060- 5 месяцев назад

Ron and Don say you are very welcome.

@homeloveeverything2932 5 месяцев назад

Property taxes are evil! You can pay off your house, but you’ll always renting it from the government. There’s story after story about old people who finally retire, pay off their house, then end up having to work extra jobs just to be able to pay for the property taxes that have skyrocketed through the years.

@sophiagertz1083 5 месяцев назад

No relief for retired Americans. You pay taxes till your last breath then your kids get fck with inheritance tax. Yet, we are paying, yes, blue collar workers, will be paying every war the military complex dreams up and now that they destroyed Ukraine we are paying their pensions. What is really a fck you to American citizens is the maniacs in DC are sending our money to countries that have surpluses of cash. Unlike us who have 34 trillion dollar debt. Two of those countries are the beautiful country of Australia. The other, but not limited to, is Israel.

@C1K450 6 месяцев назад

Well it’s not just Florida, this is also happening in Arizona, Georgia, Idaho, Nevada, North Carolina, South Carolina, and Tennessee as well.

@dalecannon3791 6 месяцев назад

A lawyer told he left Florida with a million dollars. Problem was, he arrived in Florida with two million dollars.

@scottbuchta9744 6 месяцев назад

Then I would say he wasn’t any good at being a lawyer!!

@janetyeoman1544 6 месяцев назад

Moved in with a wife. Out as single.

@user-is6wb9xn8o 6 месяцев назад

I don't believe it.

@paulconner4614 6 месяцев назад

Anybody who bought property in the last few years may have the same issue when this bubble bursts.

@infotechsailor 6 месяцев назад

Women ☕️

@katydid2877 6 месяцев назад

Use taxpayer dollars to help someone who can’t afford a house to buy a house. How very 2008 of them. Who’s doing repairs, property taxes, insurance, maintenance, replacing the A/C, replacing appliances, water heater, etc etc? It’s pretty pricey owning a home.

@Horatio1886build 6 месяцев назад

Most reputable agencies have been requiring flood risk be shown, but nt necessarily flooding but most decent contracts have that questioned asked under risk of civil contract law.

@Horatio1886build 6 месяцев назад

I love Florida- 3 months out of 12!

@Dohair879 6 месяцев назад

That’s what I keep saying. Great you want a home yet can’t afford the home in the long run. How genius.

@katydid2877 6 месяцев назад

@@fitsodafun Where would the funds come from to replace the things funded by property taxes? I would be 100% OK with canceling public schools, but leftists will never let that happen. What about the rest of it? Like TX doesn’t have a state tax, but they have one of the highest property taxes in the country. They’re gonna get it from somewhere.

@katydid2877 6 месяцев назад

@@fitsodafun Income tax is federal. Sales tax is already spoken for. Taxes would be raised in another category to make up for cancelling property taxes. No problem cancelling foreign aide, but the guys in DC are never going to do that. You’re asking people who profit from corporate “donations” and mutual backscratching to not do that. Sure, but good luck. The university job creation programs known as tons of teachers for pointless classes. Who’s firing them? In 2024, unless you want to be a doctor, lawyer, or engineer there’s zero point in wasting your money on college. Trade/tech high schools already train kids. By the time they graduate they’re job ready. What job would a “business” train a kid for?

@tizzx4945 6 месяцев назад

These buying programms are just kicking the can further down the road!

@SigFigNewton 6 месяцев назад

They’re shameful. Spending taxpayer dollars on propping up the portions of incomes that get spent on mere housing reduces the amount spent at local small businesses.

@heatherbeth4249 6 месяцев назад

And Joe Biden offering that $10,000 for the first two years they’re setting these people up for failure

@annjean8709 6 месяцев назад

Agreed.

@scottysteadman5063 6 месяцев назад

💯! Let the fair market take it naturally!! Instead of politicians ruin everything with these Mickey Mouse programs they m everything 2 times more expensive so much worse!!

@kellybrandon1179 6 месяцев назад

A dead end road

@deb6061 6 месяцев назад

We're moving out of FL as well. Our homeowner's insurance increased almost $1,000 a year and our property taxes went up as well. Our car insurance is ridiculous, $4,000/yr. The state we're moving to is going to be so much more affordable. Bonus.....we're moving closer to our grandkids. See'ya FL!!!

@Corkfish1 6 месяцев назад

Don't come to CT. Even worse here.

@networth00 6 месяцев назад

You must be moving to TN.

@maryp8838 6 месяцев назад

It's time for you to leave. We don't need your negative attitude.

@HarrisonCountyStudio 6 месяцев назад

@@maryp8838 right… because her attitude is causing the hyper increase in insurance and costs and taxes. 😂

@p7estates 6 месяцев назад

Bye👋

@markbone5028 6 месяцев назад

Property taxes are the ugliest form of taxation. It's a pity we've allowed ourselves to be victimized so horrible by government.

@Koushi82 6 месяцев назад

Wrong income tax is the worst form of taxation Ideally 90% of taxes are just land value tax not property. Use it or lose it. This prevents hoarding assets you never use but instead speculate with

@markbone5028 6 месяцев назад

@@Koushi82 Nope. Property tax is the leader in the worst. Income tax is a close 2nd, but property tax has the lead. Property tax never allows you to own the land. You'll have to produce an income your entire life just to sit on "your" land.

@GillAgainsIsland12 6 месяцев назад

@@markbone5028 True, plus I STILL can't figure out what they use all that money for. The streets should be paved in gold.

@marblox9300 6 месяцев назад

@@GillAgainsIsland12 Governments can make it disappear like magic. They are very good at it.

@Demopans5990 6 месяцев назад

@marblox9300 EU citizens don't really complain about their taxes even though the tax rate is around 50% there. For one, it's all transparent; European governments are very accountable. For another, they use the exact services their taxes pay for. Ask the US governments to be more transparent is impossible. The Pentagon has 40% of their budget disappear every year and what doesn't disappear ends up in thousand dollar toilets. And forget about tax funded health insurance. The German government, as bureaucratic as it is, doesn't reach the wastefulness of the Pentagon

@ChrisM-gv2st 6 месяцев назад

You buy a car,you pay a one time state sales tax. You buy groceries, you pay sales tax. You buy a house, you pay property tax forever. Something about that just doesnt seem right.

@kimberlygorgoglione9237 6 месяцев назад

Those taxes pay for roads, schools, police, etc that provide the living environment.

@stevenphillips3466 6 месяцев назад

You have to pay Tax on your Tax payments

@surfbumb123 6 месяцев назад

Car registration annually…gas tax per fill up…also when you sell the new owner pays sales tax on the same car…its a bit more than a one time sales tax you mentioned

@nowlaterkiss9811 6 месяцев назад

Especially when its paid for? Crazy I see revolution in the future if they keep raising taxes.

@nowlaterkiss9811 6 месяцев назад

My state, we pay a property/luxery tax every year on your car. They include it now with your car registration. They value your car on what the dealer will sell it for, not for what it is actually worth. SMH

@casper8662 6 месяцев назад

If the government is helping you, it's never going to be in your best interest.

@richardelliott8352 5 месяцев назад

I guess you have never driven on any public road.

@soxfan 5 месяцев назад

Pres Reagan said, 9 most dangerous words..".I'm from the govt and i'm here to help!"

@dbrew2u 6 месяцев назад

If your making less than $125,000.00 yearly ? Move to anywhere in Florida from Orlando south at your own financial risk . It ain't cheap in the Sunshine State any more .

@commonsense6967 6 месяцев назад

North FL is more reasonably priced than S. FL.

@stevenphillips3466 6 месяцев назад

Keeps the Swartz's out

@allisonhancockpresley6247 5 месяцев назад

That's everywhere now. I rent a termite ridden home and have a good paying job.

@phydariel 6 месяцев назад

Hmmm. I researched moving to Florida but decided not to do it. I think the best way for me to spend time there is to buy an RV and become an RV snowbird.😂 That way I can easily go back home to Virginia if there is a hurricane, save on homeowners, real estate taxes, etc.

@gundriver6439 6 месяцев назад

Florida was full 20 years ago.

@commonsense6967 6 месяцев назад

FL was full 40 years ago'

@Chriswilson-vg6vp 6 месяцев назад

@@commonsense6967fl was full 41 yrs ago

@daMillenialTrucker 6 месяцев назад

@@Chriswilson-vg6vpFlorida was fool 1,000,000,000,000,001 years ago

@jwill540 6 месяцев назад

The country was full 20 years ago.

@bigb6046 6 месяцев назад

At least the good places. You can still get a good deal in the swamp. LOL

@FriedFx 6 месяцев назад

I'm in Orlando and it's getting bad. Old homes with 1700sq ft going for 400k...

@shadowbanned4days 6 месяцев назад

Haven't seen nothing yet

@ariliving 6 месяцев назад

500k-600k in some areas

@stevewalther2293 Месяц назад

Why move there?

@fredhenry426 6 месяцев назад

Mortgage, property taxes, homeowners insurance, maintenance & upkeep it is never-ending. New home buyers do not have a clue. And how about furnishing the home. Thousands of dollars more.

@rasbot2 6 месяцев назад

You can furnish a home using garage and estate sales. Buy new mattress, towels and linen.

@CraftEccentricity 6 месяцев назад

I live by this principle. You can only sit on one chair.

@GenghisKhan311 6 месяцев назад

They find out real quick everyone i know that has moved here in past few yrs are complaining about how much maintenance a house here is. Especially in hoa's.

@scottysteadman5063 6 месяцев назад

@@GenghisKhan311 Huge dose of reality for sure!

@Demopans5990 6 месяцев назад

housing costs balloon with house size. Where's the simple starter homes and condos a single person can maintain?

@russellseilhamer4552 6 месяцев назад

I moved to central PA in 2007 from West Palm Beach. I don’t miss the heat, the humidity, the god awful traffic. I love the seasons, the much cooler weather and lower cost of living here. 2024 has probably been the mildest winter ever here, more like an extended fall

@jayesimond9301 6 месяцев назад

Giving ppl money to buy homes they can’t afford…. Reminiscent of sub-prime bank loans in 2008. Looks like history is indeed gonna repeat itself resulting in another real estate crash. Isn’t that the definition of madness?

@larryl5564 6 месяцев назад

One glaring example of pumping free money into some thing shooting the price up would be colleges and universities. The federal government hand out so much money for people to go to college it encouraged all those colleges and universities to raise their prices that much and more. Depending on the college or university you choose over the last 40 years prices have gone up anywhere from 150% to 650%.

@shadowbanned4days 6 месяцев назад

Brrrrrrrrrrrr

@jeltoninc.8542 6 месяцев назад

🤑🤑🤑🤑🤑

@Todjcam 6 месяцев назад

Same thing in DFW area Texas: overcrowding, skyrocketing taxes, highways n roads not big enough to accommodate the population. Brand new schools already overcrowded and resorting to putting kids in trailers that they call “portables” or “learning cottages” 😒 STAY AWAY⚠️

@Ride-Fly 6 месяцев назад

1st Time Buyer Programs = getting new young buyers and diverse people into to a home at the worst possible time.

@SigFigNewton 6 месяцев назад

They also use taxpayer dollars to harm city economies. Propping up the portions of incomes that are spent on mere housing decreases the revenue of local small businesses.

@MichaelBordenaro 6 месяцев назад

Yep!!

@smsavis 6 месяцев назад

Truth

@improvisedsurvival5967 6 месяцев назад

They default bank take it back can’t lose for the bank. Any $ is better than no$

@allisonhancockpresley6247 5 месяцев назад

What's the alternative though? A 1 bedroom apartment is $1200 where I live, and that's on the low side for the US.

@kevykevTPA 6 месяцев назад

Here's an idea... Let's end property taxes completely. At the VERY least for primary residences, though I'd prefer it for everything. The very idea that you can get billed an arbitrary and always increasing amount of money in order to KEEP something we allegedly "own" is sickening. We need allodial titles, and we need 'em NOW!

@marblox9300 6 месяцев назад

End Property Taxes.??? Good luck getting that done. :(

@ordinaryhuman5645 6 месяцев назад

I'd be all for letting parents just cut a check to the school district instead of siphoning the money from everyone with property taxes. Makes it a lot easier to get people into private schooling or home schooling too.

@stevenphillips3466 6 месяцев назад

or property Tax is the same as it is NOW from here on and forever until the owner dies or sells the house .

@marblox9300 6 месяцев назад

@@stevenphillips3466 Good luck in getting that done.

@marblox9300 6 месяцев назад

@@ordinaryhuman5645 Yea, but public schools in the U.S. have gotten a firm grip on our wallets and they are not going to let go. The U.S. is a highly criminal country.

@keithwalker5078 6 месяцев назад

was just in naples area staying in a friends house and cannot believe the cost of this tiny two bedroom fixed trailer! 170K and the whole subdivision is so overpriced and now the homes are sitting on market for over a year plus insurance and HOA went thru the roof. Crazy and they are building like crazy and do NOT have the water to service all these folks.

@MrRockydee07 6 месяцев назад

I used to drive California orange juice to Florida and pick up a load and drive Florida orange juice back to California I guess it made sense

@dustinmontgomery7063 6 месяцев назад

Hilarious

@fredkraus9180 6 месяцев назад

Pasco Packing?

@tanyamccullagh7242 6 месяцев назад

Fucking Brilliant 😂

@katme8055 6 месяцев назад

This is happening everywhere

@spaceindian3769 6 месяцев назад

The NWO

@HarrisonCountyStudio 6 месяцев назад

Not everywhere.

@robertwalker-gc1ds 6 месяцев назад

Jumping from the frying pan into the fire you're right

@jonmurphy776 6 месяцев назад

Wait and see!😂

@GEN_X_ 6 месяцев назад

I moved to South Florida in 2008 from Michigan and it's not nearly as nice and affordable as it used to be. I bought my house in North Palm Beach in 2011 for $205K, same house now goes for 650K. Not sustainable. Between skyrocketing cost of housing and insurance, it is no longer viable to live here as a homeowner so I'm moving back to Michigan and buying a beautiful old large French Colonial home at a fraction of the price as Florida. I can always come back and stay in Florida for 1-2 months in the winter Jan-Feb as i work remote. Until the hordes of masses leave and prices go back down,. I wont be back living here. Adios Florida!

@ralphrotten9030 6 месяцев назад

The wages in Florida are too low for the state to have the same cost of living as the northeast/tri-state area. And having no state tax does not make up for the lack. The pay rates and salaries are in the crapper

@MultiAnne36 6 месяцев назад

True story. This State must be supported off of rich retirees. There is nothing but low wage service work and the cost of living is sky high. There are colleges here for my kids but even if they do get degree, where would they work? I'm in West central FL.

@ralphrotten9030 6 месяцев назад

@@MultiAnne36 if you believe there is a global agenda at play here then it makes sense that the globalists would be working to crash the state’s economy, targeting Florida because of its highly public “success” during Covid. DeSantis’ feather in his cap is crumbling because nothing is being done to squash the “you will own nothing and be happy” globalist philosophy that deems an end to private vehicle and homeownership leaving us with the question - “who’s on what side of the globalist trend”? You can’t trust anyone anymore

@kathyhansen2820 5 месяцев назад

yup

@bigb6046 6 месяцев назад

When will they realize that stimulus causes more imbalances, make things more expensive and causes more debt. Let the market work.

@MichaelBordenaro 6 месяцев назад

It seems like they’ll never realize it or they don’t care

@xyz987123abc 6 месяцев назад

@@MichaelBordenaro Don't care. It achieves their political agenda of APPEARING to care.

@richardjohnson8114 6 месяцев назад

@bigb6046 Then welfare needs to go too. Subsidies for public education as well. We can balance this budget in no time!!

@richardjohnson8114 6 месяцев назад

@@xyz987123abc Beyond that it allows them to buy votes with our money so they can stay in control of the money laundering machine that continually transfers our cash into their pockets.

@xyz987123abc 6 месяцев назад

@@richardjohnson8114 Just cut ss 20% across the board - done.

@audreyandlinCompany 6 месяцев назад

Don't forget the old trick where they claim "Taa Daaa! We didn't raise your tax (rate!)" When they increase the assessed value of your house.

@JosephMcEntee99 6 месяцев назад

As low mortgage rates prompt many to pay more than necessary for homes, I foresee a looming housing crisis. Should housing values continue to drop and homeowners struggle to maintain ownership due to various factors, foreclosures may rise, leaving them with little equity to recover their investment. This vulnerability is compounded by potential job losses and a rapid increase in living costs, heightening the risk for numerous individuals.

@danialwiren2403 6 месяцев назад

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

@leonardives1991 6 месяцев назад

You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

@debroahmorrow5919 6 месяцев назад

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

@leonardives1991 6 месяцев назад

It was run by ‘’Mayra Femia Hetrick’’ , who i learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.

@debroahmorrow5919 6 месяцев назад

I just copied and pasted Maya’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.

@user-xz6nm3nn7t 6 месяцев назад

Pittsburg is truly the Pitts! Lack of policing resulting in high crime.

@brianrash9885 6 месяцев назад

Exactly, I will still choose to stick around the north Idaho and Montana region, even in the winter in a pick up and camper. Remember, what doesn’t kill you, will make you stronger.😊

@itchintogo7689 6 месяцев назад

I hear,"the purge" will b taking place in Pittsburg between 3 and 7 am

@stevenphillips3466 6 месяцев назад

democrat run city ...same input , same output ...BLM crime wave

@russellseilhamer4552 6 месяцев назад

Pennsylvania is an absolutely beautiful state if you don’t live in Pittsburgh or Philly. Lots of trees and mountains and beautiful small towns especially in the northern half of the state. The cities suck but the state overall is a great place to live

@JohnJohnCrusher 6 месяцев назад

Move to Florida

@brandonwilson1739 6 месяцев назад

Bro! LIVE ABOARD!!! I'm from Tampa. Look around. there's water, there's boats, there's marinas!! People live in boats.

@l.ls.8890 6 месяцев назад

As a Florida resident I still have not been able to find out where these massive real estate tax increases after the sale go to. Who benefits, What benefits etc.

@bullhammer7752 5 месяцев назад

Most folks dont realize how many people are employed through the state and federal governments , social workers , lawyers , judges , therapist , doctors all the professions that milk the tax payer for little in return , its sickening .

@Tampa_tom 6 месяцев назад

As someone who lives in Tampa I can confirm our traffic is insane! It wasn’t always like this

@bryanspayde5681 6 месяцев назад

A condo in Florida! Walk away! Condo is a trailer park ..

@wesbilly 6 месяцев назад

More expensive trailer park.

@jonyjoe8464 6 месяцев назад

stay away from the tower condos.

@RoastPost 6 месяцев назад

Except unlike Surfside, trailers dont collapse on themselves

@ZeroGravityLife 6 месяцев назад

I live in the Tampa area. I bought my house in 2019 and it's "value" has more than doubled.

@sonofsteel6710 6 месяцев назад

But when the dollar crashes, what will anything be worth. I’m sure before the Great Depression, things were worth much more than after.

@douglasstone3813 6 месяцев назад

Only if you sell it fast because in a couple years all that equity will be gone.

@robertmanley2687 6 месяцев назад

Ride the Wave

@douglasstone3813 6 месяцев назад

No one will be able to "ride" the Silver Tsunami that is coming!@@robertmanley2687

@JohnAppleseed-cy1rd 6 месяцев назад

Good for you, I'll give you 60% under cash. Hehhe

@lisapolanski9379 6 месяцев назад

The color is wonderful in this video and I feel like I am walking down this street. This is why people move to Florida and California from places like Ohio.

@nick83nyc 6 месяцев назад

What kind of camera is that? Super high quality video!

@MichaelBordenaro 6 месяцев назад

Glad you enjoyed the view😎

@youngbutternut5536 6 месяцев назад

The recession starts on November 6th, 2024 and not one day sooner.

@patentexperts1675 6 месяцев назад

I'm glad someone else figured it out besides me!

@idiocracyishere4531 6 месяцев назад

Exactly

@leaw7653 6 месяцев назад

I agree with you about the program. So-called free money isn't free no matter what the reason. Hope this gets back on track soon. I'm tired of renting but concerned to buy now.

@highpriestessearth 6 месяцев назад

Las Vegas also saw hundreds of thousands of people who moved in after the pandemic. I moved to Vegas before the pandemic. It was shocking how expensive it got after Covid. I moved back home but now my home state is the 3rd most expensive state in the US. 😅

@--Morpheus-- 6 месяцев назад

Lol Utah?

@jefferykeeper9034 6 месяцев назад

Last year I talked to guy that told me that of the 10 families that moved there 8 of them have moved back to Indiana.

@tslonaker4609 6 месяцев назад

Here in Jacksonville, they are creating a "Home Sweet Home" program that is giving 20k as a down payment to low income buyers. This loan is a 30-year deferred, 0.00% second mortgage that must be paid back. Of course, it's going to make things worse, but it makes our new mayor look good on paper.

@hideoussails1783 6 месяцев назад

I lived in a house that was on a sinkhole, talk about having nightmares. I'd even have nightmares I was driving down the road and the road would open up with sinkholes 🕳️ 🚗

@scottbuchta9744 6 месяцев назад

You do realize that the state and counties know what areas are prone to sink holes and so do insurance companies so if you are too dumb to find out about your area before you move there then that’s on you!! People with common sense call and ask their insurance companies how much insurance cots before you move there!!

@hideoussails1783 6 месяцев назад

@@scottbuchta9744 I was renting

@hideoussails1783 6 месяцев назад

@@scottbuchta9744 I was renting

@hideoussails1783 6 месяцев назад

@@scottbuchta9744 you can get a sinkhole anywhere in Florida and I was renting and it was not disclosed

@hideoussails1783 6 месяцев назад

@@scottbuchta9744my comment keeps getting deleted. You can get a sinkhole anywhere in Florida, I was renting and it was not disclosed that it was on a sinkhole. Do you expect me to call insurance companies when I'm renting or not live in Florida at all because you can get a sinkhole anywhere?

@isabellaflorentina7574 6 месяцев назад

For people thinking of moving to Florida...... homes are being valued for 3-4 times what they are worth. It is a bubble! There are not enough good paying jobs there to support those values for much longer. Just consider those things before taking a big leap.

@blackworldtraveler3711 6 месяцев назад

You’re practically call grown people stupid.

@johnhwang339 6 месяцев назад

I wonder if these insurance companies raising homeowner's policy rates, not only due to natural disasters, but also the increase in sudden deaths of younger people from the mandated "cocktail" a couple of years ago. The insurance companies sell all types of insurance including life insurance. I'm sure that eats into their profits.

@MarufoVega 6 месяцев назад

The Florida insurance crisis, what are the causes? I've heard excessive litigation, fraud/corruption/crime, climate/hurricane issues and what else? None of these issues are easily dealt with. The high property taxes can't be sustained if housing prices are falling. Condo HOA fees a nightmare. Building tall heavy structures on a wet sand base, not such an easy task.

@janethill4365 6 месяцев назад

My parents and I would go to Treasure Island back in the 1950's. The whole area was a paradise. Now it is a liberal cesspool.

@commonsense6967 6 месяцев назад

I was a child in 1950's-1960's FL, too! It was a true paradise, unspoiled and beautiful. Now it's a concrete jungle.

@anthonymele103 6 месяцев назад

I thought Florida was a conservative state with their governor DeSantis

@janethill4365 6 месяцев назад

@@anthonymele103 Florida has several hot spots that are liberal cesspools such as: Tampa, Orlando, South Florida, Jacksonville to name a few.

@dennynisevic7848 6 месяцев назад

Whaaaat 1950 , so how old are you, 198😂😂😂😂

@wildrosecottage9844 6 месяцев назад

I commented on another video that my homeowners insurance went from 800/yr to 1900 this year. Tried to get a quote for something cheaper and the cheapest they could find was 3100. Like WHAT in freaking IOWA. Also, i live in a small house (920 sq ft) and its over 100 years old

@debraporter1797 5 месяцев назад

Yes insurance is hard to get today. I actually do not have home owners today. It's not worth it. They only insure my small home for less than half of what it is worth. This is crazy. The world is coming to an end ...😮

@adoss7273 6 месяцев назад

Nah, I don't think things are ever going to become sane again. I was with you for a while here, too but people still seem to have all kinds of money. Nearly everything I'm watching has gone contingent or pending over the past 2 weeks - this doesn't allow time for any kind of price reductions. My budget is in the $600-$800k range. Already have a pretty nice house in SW FL but want something on a bit of acreage in the sticks. Doesn't matter the price, it just gets snapped up. I'm out for now. I think I'll take what I've saved for a new house and renovate my current place because it's almost paid off. I'll have a total palace in the end but it won't be on the amount of land I want. Life is full of sacrifices, I guess.

@MichaelBordenaro 6 месяцев назад

I guess you have to look at it as it could be worse. A lot of people would probably dream to own the house you have, and the ability to turn it into something more desirable. All perspective I suppose.

@roastbeef4918 6 месяцев назад

The rich man's dilemma. Where to ruin the local economy next?

@adoss7273 6 месяцев назад

@@MichaelBordenaro Mike, understand I love your videos and my apologies that wasn't a dig at you. These videos are informative but it's all very frustrating if you're trying to make smart decisions and you're competing with people who buy on emotion and just do not care. Personally, just not seeing anything meaningful no matter what inventory is doing. By the way, take a look at Palm Coast, FL...there is a ton of inventory there and it's going up daily. So many of these homes are totally empty, too. Price cuts? LOL barely.

@ariliving 6 месяцев назад

In reply to Michael’s comment- yes my family of 4 out of college at the time of the height of the last bubble popping and saw the prices outrun what our continuing education could earn us. We can’t afford a home STILL and we are an extremely frugal double masters degree family. Count your blessings to own anything in 2024.

@montymatthew1784 6 месяцев назад

Lottery tickets...every seller thinks they have one!

@networth00 6 месяцев назад

For the last 3 years they have all had those lottery tickets.

@mindbender50 6 месяцев назад

I'm from the government and here to help :)

@ericaparsley8534 6 месяцев назад

Your picture quality looks great!

@fredkraus9180 6 месяцев назад

I agree

@MichaelBordenaro 6 месяцев назад

Thank you!!

@marblox9300 6 месяцев назад

@@MichaelBordenaro How do you keep that camera so steady while walking.???

@ogadlogadl490 6 месяцев назад

What are you filming on?

@marblox9300 6 месяцев назад

@@ogadlogadl490 It's not "Film".

@MusicLover-ui9sm 6 месяцев назад

In Myrtle Beach South Carolina And the surrounding areas Homes prices are dropping and inventory is going up. It’s mostly because of super high homeowners insurance rates and super high HOA fees And the taxes have went up since all housing prices have doubled or tripled

@billbillards569 6 месяцев назад

I'm a first time homeowner, and I've been here 25 years and have no plans to move, because 1) It's paid off and 2) I can't afford it.

@fueledbymusic3 6 месяцев назад

You're NOT paid off. Property taxes will never go away

@billbillards569 6 месяцев назад

@@fueledbymusic3Granted.

@blackworldtraveler3711 6 месяцев назад

Indeed. If I had a mortgage my total household living expenses would have been over $70k a year. It’s currently $32k/yr. without a mortgage

@user-xp4of2vu4r 6 месяцев назад

Been watching your program for some time now and am very impressed with your choice of subjects, general knowledge of the issues and your command of how to effectively make an interesting presentation. Keep it up - we like your manner and ability to communicate.

@BrentsTreehouse 6 месяцев назад

everywhere was bad during the pandemic. Florida was one of the better places to be during the pandemic. For her, the problem was more so the insurance issue with sink hole, and the increase in property taxes is a direct reflection of how much value her home gained. She probably made a bunch of money and ended up buying a nice home back in Pittsburgh.

@roastbeef4918 6 месяцев назад

Florida was the worst because we had every fair weather communist from every coast telling us how wealthy they are as they buy everything.

@yoannybatista4202 6 месяцев назад

Well that’s a nice area where a 1.1 million dollar home needs to have iron bars over the windows and doors.

@HeartsOfDarkness 6 месяцев назад

FYI, truly enjoy the information you provide. Really enjoy the background scenery on your walking talks. It has a calming effect. Thanks!

@JetJ321 6 месяцев назад

For the woman who lived in Tampa and her taxes went up from $700 a year to $2,000 a year? I guess she never filed for homestead or this was her second house. That's the only way they could go up so much. The second thing is who would want to buy her house on a sinkhole so it seems as though she is stuck which is awful! The hometown heroes and I don't usually agree with these things but it is for people who are part of our hometown so not investors coming from other cities. Or big business. So I think it's a good thing possibly. Now things are too expensive even for our hometown people. I wouldn't buy now for anything. I bought a long time ago.

@MichaelBordenaro 6 месяцев назад

That’s not actually true. Your taxes can still jump a lot even with a homestead exemption. Homestead exemption only prevents your assessed value from going up more than 3%. But local school district. The county and city can increase their milage rates as high they want to year over year. I know this because it happened to me personally, I even showed it in a previous video

@alycat9186 5 месяцев назад

@@MichaelBordenarogood to know!!!

@marilynhands8784 5 месяцев назад

Mine jumped $5000 with homestead exemption. From 2800 when I bought it to $8000 the following year with homestead- Miami, FL

@fiily1 6 месяцев назад

$2k real estate taxes....and you think cost of living is high? Come up to the North East US where we pay $7-$14k year in property taxes on a 1800-2500 sq ft house on a .25 ac lot.

@tomu4725 6 месяцев назад

Also my home insurcane went down over 20% getting my hurricane rafter and joist wraps properly nailed in. Highly recommend it. Have someone do a wind mitigation report on your home to see what the status is if you even have clips or wraps installed and if they're up to code

@seamusoreilly804 6 месяцев назад

20% down from what?

@commonsense6967 6 месяцев назад

Evenbetter: pay off your mortgage and self insure, if you can.

@HandSaversUSA 6 месяцев назад

Untrue, We replaced all the widows and doors on our house with impact and immediately received a check for one half of our previous policy. Yes,we're still paying $4300 a year on a 3/2 paid off house, but our income is allowing this. As long as you maintain the property and ask for guidelines favorable to your insurance provider, although escalated, the premium should stay parallel with inflation. We have found this helpful throughout the years, and keep in mind that we live 25 miles from the shoreline and are in a no flood zone.

@drbassface 6 месяцев назад

Tampa was amazing in the early 80’s. Visited, then moved there in 85. Great times. AFFORDABLE! Imagine that.

@shadowbanned4days 6 месяцев назад

No thnks

@stockey 6 месяцев назад

If people loose their jobs, stimulus or not, they won't be able to afford a house.

@juanitaflorescabrera537 6 месяцев назад

I heard dollar tree is closing 1k stores things are worse than I thought 😮

@candelariaw1668 6 месяцев назад

So where will they live? Renting is just as high

@MrSteeDoo 3 месяца назад

Does anybody in FL know how to spell "lose"?

@seamusoreilly804 6 месяцев назад

Way to go! Drive that inflation through the roof, stupid legislators.

@countrybear07 6 месяцев назад

It’s either inflation or recession. That’s your two choices. People cry either way

@spaceindian3769 6 месяцев назад

These people are not stupid ❌ Bye-bye U S.👋😮

@economicfusion6065 6 месяцев назад

The roof will need to be replaced too

@ZeroGravityLife 6 месяцев назад

I have 14 credit cards with available credit of $100k. The largest balance I carry on any of them is $35. My credit score is 800.

@heatherbeth4249 6 месяцев назад

It does get hot here! Especially with the CHEM TRAILS!

@Mark-pb8kj 6 месяцев назад

Yea they keep dropping dry ice bombs on them hurricanes to pound yall from both sides too.

@bryanspayde5681 6 месяцев назад

I’ve got a friend in Florida. Built new in the 80 s. .. 150k. .. now his home is worth 2.9 million…. He had to sell. .. his taxes went to more than his retirement is !!

@richardjohnson8114 6 месяцев назад

No homestead???

@user-re7ec5cl4u 6 месяцев назад

The property tax bill for that house you walked by went up $500 over 5 years. So $100 a year increases. Not bad.

@MichaelBordenaro 6 месяцев назад

Yes, the longer ago you bought your house and locked in a lower property tax rate to less it will go up overtime because your base is lower

@bryanspayde5681 6 месяцев назад

It’s not just Florida! It’s Ohio. I bought in the last housing crash .. paid cash .. 73k. I’m still in the house today it’s wtf Worth 750k .. actually where I’m at the pay scale in the area no one could buy it !! It’s not for sale.. but I got foreign res. Trying to buy my home that’s not for sale !!

@BREEZYM6015 6 месяцев назад

Everybody has a price. What's yours? 😂

@hardshell9236 6 месяцев назад

I live in Ohio and foreigners don’t even know where to find it on the map🤣🤣but I agree many houses here now aren’t worth the cost.

@Purpletip99 6 месяцев назад

Understand, I’m getting calls everyday too! It’s my home…not for sale at any price!

@bryanspayde5681 5 месяцев назад

@@poollife777 sell the house in Florida! Move to Ohio ! I did it 10 years ago best thing I ever did financially..

@MrRockydee07 6 месяцев назад

Kind of like a car dealer giving you an incentives on an expensive Cadillac

@patriciastump2304 6 месяцев назад

The people that need help with this will not be able to pay the insurance or property taxes down the road. I think we've seen this before.

@MichaelBordenaro 6 месяцев назад

That’s just it. Let’s get people into the house never mind how they’re going to continue paying for it especially when the expenses blow through the roof.

@scottysteadman5063 6 месяцев назад

💯

@scottbuchta9744 6 месяцев назад

That’s BS!!

@scottbuchta9744 6 месяцев назад

@@MichaelBordenaroit’s called financial planning!!

@patriciastump2304 6 месяцев назад

@scottbuchta9744 Right. People that can't afford a down payment and need assistance with monthly payment did not plan. And it's not sustainable. This will change.

@kevinduveneck1504 6 месяцев назад

The programs name "Hometown Heroes" sounds like it is a program for people like First Responders, nurses, teachers, police, firemen, or those who served in the military.

@commonsense6967 6 месяцев назад

Yes, that is what it is.

@daniglesias3997 6 месяцев назад

What about hometown heroes? Is it a scam?

@kathyspaulding5326 6 месяцев назад

Hometown Heroes is not well funded. They keep running out of funds.

@MichaelBordenaro 6 месяцев назад

It was originally intended for just nurses police, firemen, etc. but I got extended to everybody if you’re in the right income bracket. So it’s basically free money for everyone as long as you don’t make too much money.

@brenclem 5 месяцев назад

@@MichaelBordenaroit’s not free you have to pay it back eventually it’s just 0% interest.

@jefesalsero 6 месяцев назад

"Ah! Leah!" returns to Pittsburgh where Donnie Iris welcomes her back.

@mattm597 6 месяцев назад

It's DeSantis' fault. He just did too good of a job during COVID.

@emomuzz5883 6 месяцев назад

I love your content and pay close attention to your message, but lets just for one moment appreciate what a gloriously beautiful place Florida can be and thank U 4 show it to us.

@user-xm8rf6ik7b 6 месяцев назад

Property taxes need to stay at purchase price

@Prophezora 6 месяцев назад

Yes, it seems too viotile for people to buy a home and have their taxes increase every year. It should be fixed.

@joeyork9891 6 месяцев назад

Do some research In central and s America Average home loan rates are 14% with as little down as 40% of the price of property. Oh your going to say it cheaper here right. Yes. But with wages being $1-2 usd per hour. Homes let's just say medellin co cost only 250,000USD. 😅 you don't know how lucky you had it

@commonsense6967 6 месяцев назад

Then we'd never be able to fund anything.

@Prophezora 6 месяцев назад

@joeyork9891 had it...past tense! True story! My husband's fam is from Ecuador, the majority of people with homes that look like we have here in the usa migrated to the usa to make enough money for that house. Otherwise you are living in this mud hut -->🛖

@ZeCroiSSanT950 6 месяцев назад

To the original commment: The problem with that is that it creates an insane housing market in the long run. Cali put this in place in the 80s or 90s and a lot of people who bought their houses that are now "worth millions" are paying 80s and 90s property taxes.

@gusdavos8158 6 месяцев назад

Mike I’m in cook county up here in Illinois. I pay $7400 a year property taxes on a 800 square foot home. The emerald coast is looking better and better. I know my expenses may not change much but I’ll be in a much nicer area.

@johgndavis8159 6 месяцев назад

Cook county is a DISASTER. Get out of there as soon as possible. We did it😂

@hazcat640 6 месяцев назад

Didn't she have homestead exemption on her house? Taxes would have not risen anywhere near that amount if she did. The Hometown Heroes act is for first responders and teachers so they can afford to live here.

@MichaelBordenaro 6 месяцев назад

Your property taxes can still rise substantially even with a homestead exemption. I even showed this with my own personal example several weeks ago in a video. Also, the Hometown heroes program is open to anyone now, as long as your income is below a certain threshold.

@hazcat640 6 месяцев назад

@@MichaelBordenaro Well damn! The hometown heroes was fine for 1st responders and such but I don't see it for every one. Here in ST Pete I have had relatively the same taxes for the last 20 years. Yes, some rise but nothing big.

@joe1940 6 месяцев назад

I'm moving out of my state this summer. Moving from a blue state to a red state. I looked into Florida, but decided against it, it's just too expensive and there are too many people.

@BREEZYM6015 6 месяцев назад

I have to stay in my townhome for 3 years if I don't want to have to pay back the $15,000 that I got towards the down payment.

@commonsense6967 6 месяцев назад

That's not a bad deal.

@MichaelBordenaro 6 месяцев назад

That’s not too bad. Much better than 15.

@BREEZYM6015 6 месяцев назад

@@MichaelBordenaroI also can't refinance during those 3 years but I'm fine with it.

@MichaelBordenaro 6 месяцев назад

@@BREEZYM6015 that’s totally fine.

@alexg9790 6 месяцев назад

Westchester !? Man you are far from South Beach 😅 Take a stroll at the Gables on your way back. BTW - Sold my condo in Pembroke Pines after 24 years. Became unaffordable for me too sadly. Enjoy going on these virtual neighborhood walks with you. Keep talking the talk and walking the walk - cheers.

@robertcovino4889 6 месяцев назад

I lived in Naples for eight years and loved it but that was the 90s to early 2000s and Florida was a little less busy now I’m a half back never go all the way back screw that 😂 take care y’all 🍻

@scottysteadman5063 6 месяцев назад

That’s when I was down there living in your timeframe! Love to visit not so much to live there now!

@ringoramjet 6 месяцев назад

I live in Venice for 6 yrs...everything at least doubled services charge union labor rates while paying marginally skilled people peanuts. And when you pay peanuts YOU GET MONKEYS..Too much business scamming and they think its fine. Seriously thinking of relocating

@Shuguiis 6 месяцев назад

I would like to buy in Kissimmee area but I can’t afford it unless I can get 2020 prices

@mikeifyouplease 6 месяцев назад

Michael, you're one of the few bloggers who actually points to the next video, and...the picture of the video is exactly where you point!

@nidyabronstrup2375 6 месяцев назад

Hi Michael and everyone ❤❤❤

@MichaelBordenaro 6 месяцев назад

Hello!

@iuptubaman 6 месяцев назад

The Hometown Heroes program is a 0% deferred second mortgage with a cap of 5% for down payment/closing cost assistance. Once the house sells, the amount is due back to the state. That will be fun when those buyers forget about this and they get a lot less back from proceeds.

@tinamcwilliams5218 6 месяцев назад

We stayed in our first home for 17yrs. Depends on the home buyers plan and goals.

@roadtrip2943 6 месяцев назад

Doing our 18th now interest gets lower equity bumps monthly

@UrbanFury12 6 месяцев назад

I'd like for HOA financials and lawsuits (to an extent) to be public. We had a no fault pull out from buying an apartment 6 months ago. Their HOA was being sued and it was going very bad for the HOA. They thought once the lawsuit was complete we would likely not be able to afford the apartment, even though it was 70k below our budget. We still lost our inspection money. It's scary stuff and we only found out about it when we were in the process of getting financing. The homeowners were trying to dump the property on someone else before the lawsuit finished. It's crazy. HOAs are not to be trusted.

@blessedgraceindeed 6 месяцев назад

Round and round we go. Stop putting prices up and giving money away. This is just nuts.

@BREEZYM6015 6 месяцев назад

I'm coming to Florida to get some of that money. 😂

@dlady4 6 месяцев назад

Westchester! 😍 That's where I lived when I first arrived in the US back in 1990. I love it to this day. It's a neighborhood in Miami, FL. It has the Aldi supermarket with the highest sales in the US.

@user-rl5wm1cm1k 6 месяцев назад

Mass?

@Corkfish1 6 месяцев назад

I hope you aren't talking about NY. Absolutely horrible.

@dlady4 6 месяцев назад

@@Corkfish1 No, Westchester in Miami, FL where Michael was today.

@Corkfish1 6 месяцев назад

@@dlady4 Got it.

@ca9777 6 месяцев назад

West Chester is 95% Cuban.

@syoung4471 6 месяцев назад

My area isn't on the same level as FL but I can relate to a lot of the comments. People flood in and ruin it. This is why so much around me is ridiculous now. The cold and the fact that a lot of it is mountain plus government land keeps it from getting too overrun. I have seen some hilarious pieces of land for sale. Like no easements or a Home Depot shed as a tiny home.