It appears that they've found a way to compel homeowners to vacate their properties, even if they don't have a mortgage or insurance. Additionally, I've noticed that insurance companies are now hesitant to provide coverage for homes equipped with lithium-ion batteries, such as Tesla's Powerwall, due to the heightened risk of explosions. This raises significant concerns about safety and the potential consequences for homeowners who rely on these energy storage systems.
Outstanding information, with world crisis,rising inflation and economic instability due to poor governance, consider digital assets as a means to attain financial freedom.
Yeah and multiple streams of income should be applied because from the CNCB quarters recently their newscaster made it known that If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan..
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Investing has proven to be the most effective way to save and grow my money, as simply setting aside funds often leads to them being used without generating any returns. By investing, I've been able to make my money work for me, earning passive income and building wealth over time. It's a strategy that's helped me achieve financial stability and security
I'm constantly seeking ways to boost my passive income, as I don't want to work until I'm 60. I'm taking proactive steps now to increase my earnings while I'm not working
Amazing explanation about finance, this explanation is very crystal clear, Thank you sir for break boundaries of mind, i think 80% of Americans are suffering from such type of limitation..
Things are getting worse this days, if you don't find a means of multiply your money you might wake up a day to realize you didn't plan well for yourself.
I'm in FL, 70 miles from where Debby came in. Nothingburger, here. Just drizzle for a few days and lost power for a couple hours. I gave up my property insurance a couple years ago, and am happy I did!
Very true.. a LOT of people that don't live along the coastline do not have those policies. Many areas can be completely flooded with a storm dumping 10+ inches of rain.
In my State where you have to have auto insurance to get your license half the people drop the insurance before the ink dries on their insurance policy, the rates as so high auto insurance is becoming a luxury item.
In New York you are fined every day you have the plates and don't have insurance. I think the fine is $30/day. I pay 500 a year for liability insurance. Makes people have insurance.
They are getting around the fines and records checks, bogus insurance companies that sell "policies" that cost next to nothing, but will never pay claims. They eventually acquire enough complaints and close down, probably reopen under a new company name. My brother was hit by a driver holding one of these policies, his real insurance company won't bother going after them.
I was born and raised in Sarasota. We moved to Tennessee 3 years ago. We still have a lot of family and friend in Sarasota. We havent seen it this bad in over 30 years!
Living in Florida would be a nightmare. At this point if a storm comes and ruins someone else's home, it will force you to go broke or leave. Nothing works anymore.
Complete nonsense. Live here more than 40 years. Morons like you want to live in areas that get flooded and are prone to hurricanes. Which is not even most of Florida; and then people want to be all surprised that a hurricane hit them. The real nightmare is stupid people because they suffer no matter where they go.
Lived through 2005 hurricane season in Venice Florida. Home insurance 2-3000 then. People who lost property then had so much trouble getting any money from insurance companies. One company that claims to be "a good neighbor -is there" were denying claims because the homeowner could not prove the difference between flood damage and wind damage. Flood damage was a FEMA problem.....
They figured out a way to get you out of your home no insurance no mortgage also I see the insurance companys will not insure if you have lithium batteries like power wall because of the danger of explosion
They still have a low interest rate mortgage, but everything else is going up..... homeowners insurance, car insurance, medical insurance, food, energy, taxes, interest on everything other than the mortgage. This is how they shake the non wealthy from their assets. You'll own nothing and be happy lol
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
If you live in Florida it's a investment. You're like to get a huge return on that claim you will have to file during hurricane season. That's why insurance companies are leaving Florida...they don't want to go bankrupt.
@@Swagalious689legit question. How does insurance go bankrupt? Its sunny in the sunshine state most of the year, a couple months storms come through certain areas. Yet there are homes from the 1960s still standing that never really see damage. It's the same homes being rebuilt in areas they should never be built. Those are the homes insurance companies shouldn't insure. But imagine every month, you collect untold amounts of money to literally do nothing, except pray, nothing goes wrong and they file a claim. Those insurance companies only go "bankrupt" so to bad business practices and or, the economy is soo bad, they use storms and claims to cover up the true economic impact really going on.
@@oXMrsWarriorXo As the saying goes, "Buy when there's blood in the water." By the end of the day, it could be your blood in the water! I hope it pays off for your daughter 🤞
If they do QE again, homeowners insurance will go up, property taxes will go up, utilities will go up, and the cost of living will go up. People will have even less money. IT IS A DOOM LOOP. LOL
The storm paths in Florida are affecting mostly northwest, northern and northeastern parts of Florida these days. Coming ashore around Tampa and moving northeast to Jacksonville.
I have a small beach house , on Pamlico Sound of NC . My house is on pilings 8 ' above sea level . My house is 1300 sq ft . Cedar shake siding . My insurance company said it would cost me $7,000 a year to insure against floods . Screw them and the horse they rode in on . I have seen sound side flooding in the past . 5/6 ' of flood water . No problem . Locals on Hatteras Island told me to forget flood insurance as insurance companies would blame wind on damage from flooding . If you have flood insurance insurance would blame it on wind . I have neighbors that have houses that were built 80 years ago . These houses are still standing .So ,why would I want flood insurance . My advice is if you have a house in flood prone area make sure house is at least 8' above flood area . I only have wind, fire and liability ins . with $ 5000 deductable . Cost $2200 a year .Also I have a fortified roof , shingles ,.Suppose to windstand wind damage at 125 mph .
The only way to mitigate insurance costs is to either build structures that can withstand storms, or don't build where storms are common. Americans have to rethink the way we build homes. If government can cap/control rent, it can cap/control insurance premiums...but is that really the way we want to go? More government ALWAYS equals higher cost.
Lots of people who are unaware of what's going on in the world, people who think that everything bad is just due to bad politics and has no idea of the agendas going on and that had been going on for the last many decades..
👍Thanks. 👍A result of decades of money printing from the gov and of MMT from academia: a lot of young working-men in the USA will never afford to buy a home -- and they couldn't even afford just the house insurance !
That's quite a significant increase! Curious, how where you able to achieve this in a short period ? I will appreciate if I could get some tips please 🙏
her transformative power of trading is remarkable. Despite being a medical doctor by profession, I've found that copy trading generates higher income for me without the need for direct involvement in trading activities
If people own their property outright.. Then they simply drop their property insurance coverage. They can not afford it. Raising or lowering is of no consequence now.. The major consequence now is that if you live in a costal area in florida.. You run the risk of losing your entire house to wind damage or flooding. Central florida is much safer and much better odds that you won't lose everything in my opinion.
I'm considering a review of my $600K portfolio allocations, particularly in light of the pause in interest rate hikes. I'm eyeing some high-risk, high-reward opportunities. Stock and emerging markets seem intriguing. Anyone else exploring these?
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
My CFA ’Lina Dineikiene’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I popped her an email hopefully she responds, really do need all the help I can get.
Thanks for your honesty. To be honest, so called "Financial Planners" are also just "guessers." They too make MANY money losing recommendations. If they they weren't guessing, all of them, AND their clients, would literally be billionaires by choosing all the right investments at the perfect times.
Some areas will be no go areas , 1) civil unrest due to unaffordability riots and defaults 2) climate change increase floods , hail or wind damage , 3) insurance rates will drive people out eg walking away from the property.
I'm just curious and I'm not asking this question to sound ignorant or without empathy but doesn't Florida usually get hit with these types of storms and even worse hurricanes every year? Why am I seeing so much about this particular storm in the news? I just don't remember past storms in that area being so big in the news and I do hope that everybody is okay and will recover financially. Like America isn't in enough trouble already with the economy the way it is
Yes that’s good - ideal to keep it north of 770 - the average credit score is 698 in America so you want to stay far away from “average” during an economic cycle where banks are more nervous about who they do business with.
The endgame is global enslavement, so I don't really see out running it anywhere. Although I do think you can live a better quality of life while things last in certain areas in regions of the world. You should buy a book called strategic relocation. Just keep in mind that it's not to say that the best places upon ranking will be the best place to live. Because everything is based on your individual wife and other circumstances, but it does give you a lot of things to think about as well as putting together a good bit of information on each region. One thing the book brought up was that when considering to travel overseas, you have to look at the government and how stable it is, or how prone it could be to government upheaval, or the government being overthrown, as well as how sentiment could change toward americans, and that could impact you adversely. No, i'm not saying anything could happen like nine eleven, but the main point is that back to that event, americans change their sentiment toward muslims, something could happen where that could happen towards americans in other places.You just never know what crisis is going to emerge next.
If this happened in any other Country, Our Government would send our tax money to save all other Countries homes. We the tax payers are never helped by the money we pay in taxes. Just not right, they save immigrants & give $ & healthcare meanwhile we have no food, healthcare and homes destroyed by weather with our money. Paid by Americans that are sinking fast, once we no longer have jobs & homes then who will pay taxes?
Nothing is going to change in FL, believe me when I tell you this. People are still facing financial hardship since the pandemic. People need to vote this governor out the because he is running FL into the ground.
