Property taxes should be against the law because no one should ever lose their home because they cannot pay property taxes. Property taxes are a result of gross mismanagement and greed by our politicians and in these government agencies.. these agencies are not our friends they are our enemies.
I agree. I live in the Dallas Fort Worth area and there are about 25 other smaller cities in the land mass we call the Metroplex. Every one of them have police depts, city halls, school districts, etc etc. Fort worth spends more money on bike trails, tearing up streets to add a median (which require future maintenance for plants etc). Bottom line, these cities have a ton of money. We just voted for new appraisal district board members who passed a law to lower taxes. The city and county immediately raised rates. Disgusting
@@wyonamagee6521 it is criminal taxation . Taxation upon taxation. Or duplication . Why? . One citizen has already paid the taxes to the federal and state government before even the income gets to a citizens family . Then why tax again on buying a house , on the same money of a citizen . Makes no sense at all other than to make the life of an ordinary wage earner and his/ her family miserable . Is this family friendly . No wonder why many individuals do not want marriage and if they do restrict children as its is getting unaffordable .
This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
You're right. I was able to diversify my 450K portfolio across markets with the aid of an investment coach, and I was able to use high dividend yield stocks, ETFs, and bonds to generate a little over $830K in net profit.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Yeah, it's a real struggle. With the rising housing prices and stagnant wages, it's becoming increasingly difficult for many to afford homes, let alone save for retirement.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for retirement without considering their housing situation, they might miss out on potential investment opportunities.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
US reinc. (FED and their masters in the City of London = Rome 2.0) to $wiss BI$ greed. NONE of this was possible, before their 'staged' 1860s US civil war, bankrupting the former "Republic" by 1870... and then the sly institution of their Trojan horsed Federal Reserve and IR$ acts, etc. (Before later "gutting" of the Glass- Steagall act, in the 1990s! Among numerous other acts, of criminality!) THEY control the 'fiat' Ponzi scheme, legalese, inflation... to the insurance industry, and setting the "price of gold!")
And MANY (most?) of these homes have/ had significant equity, or (in Florida, for e.g.) were paid for. (So there is no "coincidence," here... Just HIGHLY illegal, and unlawful: PREDATION... by state assisted and sanctioned: CRIMINALS!)
No, I think they should raise it to 5 percent and give you tax credits for the home property. Rich people have too many homes while middle class can afford one home.
At least the criminals / lenders should pay 50% of property Taxes when the Loan is not paid in full, they have the damn tile! But no, their greed wants to scoop everything 100000000% profits
Everything is too expensive thats the problem the inflation is ridiculous food ,insurance car payments, hoa, electric and water bill and just to top it off the ridiculous house prices to start out.
Lady on video dont tell that homer prices went up $50,000 on the ones who got the 3% interest rate, thats why they are losing their houses. But below explains why interest will keep going up. Man on video is wrong about interest rates going down, because interest rates will go up to keep food prices down. Layoffs will happen, but they have to eat. Be more people chasing less food, because laid off workers aint making food. More demand, with less supply. So there will be a shortage of food, so they will have to raise the price of the food, but they wont raise the price of the food, they will raise interest rates. Raising interest rated dont hurt the rich, because the rich dont borrow money, they pay cash.
I still don't get why we should have to pay taxes especially fluctuating taxes that keep going higher and higher!!!!...... it's disgusting and we the citizens need to reject it.
We bought our first home in NJ in 1992 and paid about $550 a year for insurance. That cost rose to about $850 from ‘92 to 2012. After hurricane Sandy, they increased the policy to $1500 in ONE YEAR. We paid it. So the next year, they raised it again, and again…the insurance companies basically figured out they could get away with it so they keep doing it. We downsized in ‘21 and the policy was $892. I just got the bill: $1200. And we’ve filed NO CLAIMS. Here we go again.
@@butterflygirl3359 agreed! Insurance rates across the board have jumped exponentially compared to previous years/decades. I’m not for governmental control of industry however the insurance industry needs an audit and government oversight to ensure fairness to consumers.
My brother-in-law who works at a bank says they haven't been foreclosing on some homes and have been working with the homeowners. He said many people are 12-18 months late on their mortgage payments and the bank has decided to start the foreclosure process. They just hired a part-time employee to start taking pictures of all the properties and he's getting his hours in.
They won't typically 'file' a NOD (Notice of Default) or Lis Pendens (Judicial foreclosure) until they're being 'audited' or otherwise told to 'dump' the "bad debt..." and clean- up, their books. (That is, unless REAL "demand is exceeding, supply?!" But that's rarely in a declining to flatlining sales: "buyer's market..." i.e. 2024- '30ish.)
In the 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.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Only the wealthy can destroy the value of the dollar.. Or did you not take economics? No, I don't mean home economics that taught you how to boil an egg... I mean the one about money and how it works.... The more money the wealthy hold onto, the less money regular people have to spend, which lowers the value of the dollar... Its not about a damn political party you idiot... If you think it is, then tell me why is it that the poorest states in the nation are the REPUBLICAN ran states, although the Republican leaders seem to be doing just fine and taking several vacations a year... God yall are so stupid to keep voting against your actual futures. Its about the haves and the have nots..... You, me and the rest of us regular people ARE THE HAVE NOTS.... She speaks of Issuance rates... Who do you think gave insurance companies money, as well as removed any controls place on them that limited how much they could charge? That orange guy that loves his UNEDUCATED supporters.
I'm in Florida (retired) and had to go bare, can't pay $12,000 for insurance or replace the roofing every 10 years when the roofing last for 30 years. Home market prices go down and all else will follow suite.
"We@ther w@rfare." (And the bankers now also own and/ or control the insurance industry, real estate, etc. as well as the fiat Ponzi, Wall Street, the legalese, DC, the M$M, etc.) And sorry to hear that. The end result will likely soon be a "mass exodus" from FL, and elsewhere?
@@williamtiffee3799 I've been waiting 30 years for that often advertised but never realized "mass exodus" to happen. They are still pouring in every day.
@@119Agent The main issue IS that they control every (formerly sovereign state, province, etc.) "nation state and territory." I believe there are about five countries LEFT that don't have an IH$ cult central bank, yet?! (And if they keep fillin' in those sink holes and wetlands, to swamp... the tides may indeed 'rise' and 'sink...' Miami, to Jacksonville?!) Seriously though, those "high earners and savers" leaving the US reinc. are costing them, Big Time. (Just ask Gavi Nuisance how the "Exodus Plan" is working- out, for Commufornica? They've already now 'sunk' from "the 4th to 5th largest economy," in the New World Ordo. (At least according to their 'faked' Medea stats?!)
Here less than 5 yrs. Property tax up over $1k, house price close to double, insurance up. Just switched car and home insurance. Contesting property tax increase.
Just opened up our homeowners renewal for October, up another $1k. How do they expect people to keep their homes? I have had 5 homes and never have the rates gone up so drastically as they’ve been these last 2-3 years. No claims on any home ever. We are just giving away our money 😢
Climate change many weather disasters clearly the reason. Gov knows they soon will have to take over for profit insurance same with car insurance many claims for flooded cars an car thefts are riding very high. It's a scary mess.
Insurance Co.s like banks & retirement funds bought huge amount of bonds @ around 0% that are worthless today with rates @ 5/6% you as consumer have to make up the difference
They don’t expect you to keep your home. According to WEF, Klaus Schwab, you will own nothing and be happy…of course while you are eating ze bugs. These people!!!
Because my house is paid off I quit my homeowners insurance. I've also quit driving to get rid of the insurance. ALL because I knew my PROPERTY TAXES WERE GOING UP, AND SURE ENOUGH THIS YEAR IS UP $155.00!!!
The only way to bring prices down is restrrictive interest (fed rate over 5%) until the point the pain causes people to stop buying and businesses who depend on house buyers lose their income thus causing unemployment thus causing even more people to stop buying. Interest has only barely been high long enough to start and see a small rise in unemployment.
My grandmother paid house insurance for 30+ years then when my mother took over the property she continued for another 20+ years until she made her very first claim and got denied. Wind blew shingles off the aging roof and they just simply told us no. State Farm.
Great video Jackie! I think foreclosures are still not as high as 08, but affordability is definitely down and some are struggling to buy their first home. Got a sub and like from me! Great stuff
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
It's not complicated. Insurance companies take a big hit like the fires in Hawaii or the hurricanes in Florida. They are big and they are protected. They can not take a loss or a cut in income, so they just raise the rates on everyone else to keep their balance sheets looking good to investors. The whole thing is a house of cards and it has gotten bigger than a card can support.
I know in Florida you can file for homesteading which limits the amount of increase of property taxes. The insurance problem, in Florida, is real and my rates have gone up more then 3 times since 2016 when I bought the house. The only thing you can do about it to fix all the problems in the house, including the roof, and get all new inspections. I got my insurance down from $3,600 to $2,800 doing this.
If you make a claim on your house insurance can cancel you. If you make two no other insurance will pick you up. If you can I think we should move to the highest deductible you can and start a home savings account. Catastrophic insurance only. Doesn't matter it is going to that just like health insurance.
I am a property manager. I saw a 100% insurance premium increase just this year in my company’s homeowner’s insurance premiums for all the rental houses. That is in addition to higher property taxes. This has resulted in having to raise our rents. Unfortunately, we have no choice but to do that. Also, repair and maintenance costs are going up very fast too, resulting in higher rents. Of course many ignorant people who know nothing about my business just think that landlord’s are greedy pigs and have no bills of their own to pay, but just load their pockets at the renter’s expense.
@@salauerman7082 Unfortunately, that is becoming more and more true. What is the biggest disaster is how easy it is to get an “emotional support animal” now. All you have to do is download a form and get it signed. No training of the animal necessary and it doesn’t have to be housebroken either. The landlord has to allow it and you can’t take a security deposit either. I just had a support dog destroy the carpeting in every room of the house. If they even mention a service animal in the application, there is no way in hell I will rent to them. If they bring in an animal, I will not renew the lease. I have had it with renters having pets. Most of them are a nightmare.
We had Farmers for home owners insurance. We were paying 1400 for the year until 2021. It went up to 2000. Then after Ian we had a claim. We were actually really happy with Farmers and how they handled our claim. We renewed with them again in 2023 for 2000. Then this year we got a non renewal notice. Now I can’t find anything for under 3500. We own our house and haven’t decided what we are going to do, but people with a mortgage are screwed. That would be a 300 plus increase every month just BC of insurances. Lots more people are going to be in foreclosure bc of this.
The public school wants a levy every year. Everyone gets to vote on this. Homeowners are the only ones that bear this burden. There are more renters than homeowners. This coming November we will out the consequences of that last levy. They will be charging $164 per every 100k. It’s crazy
I saw some comments brag that they down only 3% and get 3% mortgage. I feel indeed they are delusion that they are owner which in reality bank is indeed owner.
In Texas, a lot of my residents, transplants, are not interested in the property exemptions, Homestead, bc many refused to make their home their primary.
Thank you Jackie for getting right to the point of your video's topic and not wasting the viewer's time like so many other CZcamsrs do. You sure pack a lot of very useful information into your short videos. I really appreciate your work!
Find a distressed seller who *must* sell, and offer to take over the debt payments and give the seller a wrap-around note and an all-inclusive-trust-deed as security. You can buy a house with nothing down and no bank qualifying. Do not worry about the due-on-sale clause, because no lender will elect to foreclose on an owner-occupant that is current on the debt payments. Run the numbers to be sure that the debt service is affordable. *Creative financing solves huge problems for both buyers and sellers.*
There is a Fannie Mae property that’s been sitting for 100 days on the market. I’m interested to buy it but they won’t budge on the price. Should I keep pursuing?
I live in Hawaii.. Home prices are ridiculously high. Many locals are being priced out. So many homeless people living in tents along the beaches and parks. Looking at the mainland but even with lower prices there property tax and insurance are crazy. Hawaii is still cheaper even though prices are high. On the mainland, At this rate, soon many will be homeless.Is that what America has come to? Is this what the government want? It's sad that our children will have no future!
Yes and yes. Wake up. They are demonic. This is a long standing plan, and this acceleration since 2024 was also planned. It's all directed by the banks and corporations that direct the WEF, that direct the UN that direct the world governments. Governments are just lower level management following orders. Elections are just theater. We vote for nothing. We are presented with two people that none of us voted for to again "vote" for. Since fake 8:46 elections went electronic, they're so much easier to manipulate too, again, all planned many years ago. Wake up.
AZ here. My Homeowners insurance initially went from $2,000/year to $4000. I called and got it "reduced" to $2700. No claims ever and have been with this company for 14 years. The agent was going to tell me all the natural disasters that caused the increase, but we have not had any here in AZ (unless someone can tell me). Housing prices have increased so that's probably why.....I guess. Luckily we can afford it, but I can see how this can cause a financial issue if you are already overextended.
We have a 2.89% VA loan (2021) with HOA fees & property tax & home insurance (escrowed) and doing fine on a west coast city in Florida. I’m retired and my spouse is an RN! We doing fine and living comfortably in the Sunshine state.
Homeowners if you fall behind and a foreclosure hasn’t been filed, call your lender and ask about the loan modification programs that they have! The interest rate should be lower and this can help avoid a foreclosure filing!
What I am seeing down here in GA according to foreclosures is that they are slowly coming onto the market. I have been to several auctions in regard to foreclosure properties. However, two things are happening - 1. If it is a mortgage foreclosure the property is hitting the market at a higher number/price because some of these houses foreclosed on were just brought a couple years ago, so it might hit the market at $200K+ and in GA you need to have cash up front to buy the property. 2. If it is a tax foreclosure the amount sometimes starts at $8K+ which is great, however you have to have cash to buy it and also GA is a redemption state which allows the former owner a yr to come back and reclaim the property. So, you will be sitting on that property probably not doing nothing to it, paying taxes and waiting for the time to expire to actually either start renovating it to move in or flip. Nonetheless, if you can find a reasonable house via foreclosure down in GA go for it, just understand the state laws and have the cash upfront to make the purchase.
Tax sales are a great investment. It's 1% per month in my state. Most people never acquire a property in a tax sale, just their investment back and their interest earned. And I'm ok with that, hopefully it takes the whole year, 12% is a good investment with zero risk.
Many of the people losing their homes were bidding up the home price against us, means they bid up the price to make us pay more for a home. So, I dont feel sorry for the people that lost their homes that bid higher prices against me,
I understand why insurance are going up in the south (hurricanes). But please explain why South Dakota insurance rates are going up? Thanks and good video.
In South Dakota, we got hit with hail storms so severely and people had to replace their roofs on their homes and all their cars were totaled and their businesses all the windows were taken out so there was a lot of insurance claims with auto homes, etc., and businesses the hail was as big as baseballs
I’m living in my childhood home with my 86 year old dad and after he dies my brothers and I have to sell because the property taxes are so high. It’s not a fancy place but taxes are over $6000 a year. $500 a month to sit on dirt.
My friends friend got a 2.5% but that home came with solar they had to assume. She told me they are going to put it on the market and try to save themselves. But hearing the solar nightmare being the thing emtying their pockets is sad. They'd be doing okay if weren't for those solar panels.
@@nunyabiness1097 thats how the county and cities make money; pays for infrastructure, police, fire, schools, etc. sucks but thats how it works. We literally own nothing because even after we pay for homes you still have to pay property taxes. I own 40 acres in CA but still have to pay property and irrigation taxes.
I wonder if these are people with balloon, or fixed rate mortgages that are being defaulted on more. I always had fixed rate loans, but worked with people complaining about their balloon mortgages going up.
If someone cannot afford insurance, can simply sell the house? I thought foreclosure happens only after a several months of not paying mortgage. How there can be a sudden foreclosure?
@@alex182618 Part of the loan agreement is that the house will be insured. If not insured it's a violation of the loan terms and this can be foreclosed
A lot of times realtors are aware that a totally remodeled home is subject to its assessment and taxes raised and give no warning to the buyer. I don’t think enough realtors and title companies get sued over this.
I had a look at foreclosures in my town and there are only ten of them. Some look like construction loans for land. The others were average priced homes where people got in over their heads. I looked at the city where we have a place in a Boston Suburb and there were four pages of foreclosures. One of them was an $8 million home. A lot of homes from $800k to $2 million. Median household income is $178k so you have to be doing fairly well to live there and property taxes are probably around $17K on average. I'm not sure why there are a lot of foreclosures as prices are generally rising there. Massachusetts is probably the highest cost-of-living state in the country. A lot of people want to move here though but can't really afford it.
Question, is it better to do a complete remodel and stay in the home that is over 35 years old than to buy a new build for senior citizens. Living in northern Indiana.
@@carollykins9475 yes u better off doing a remodel if u are a senior ,why get into further debt in youre golden years,remodel and enjoy you’re home for the remaining years than stress over new potential bills with new property.
Thanks for the foreclosure link I installed the app Next week we find out on my birthday if my wife's middle score will be 620 or higher for a renovation loan this would be a great tool to find us a fixer upper home 🏡
less people would afford it, but home prices would drop like a fly. Bank loans and the fact that people use real estate as an investment is what keep prices high.
Food prices, auto insurance, homeowners insurance…. All these increases!! No one is saying or doing anything. Job losses. No more middle class. Homeless is increasing. It’s so sad what America has become.
Let's be honest... when peopl got a chance with the 3%... they bought more home than they needed or bought at the of what the lender could loan. everyone was saying that the 3% is a golden handcuff.... a good rule of thumb is to buy up to 75% of what the lender will loan you. I know this was nearly impossible for the last 3 years.... but that's why I am waiting on the sidelines. I was not able to steal PPP money to pay overprice in cash.....lol
Can a video be made about subto and assignable mortgages? Sounds like a good way to take a asset during the next wave of opportunity I’m just afraid of how people dodge a due on sale clause since it sounds like putting a house in an llc or anything will trigger
I'm so glad I bought a home where my total monthly house payment is only 18% of my take home pay. That way I have some wiggle room to use in case my insurance and/or property taxes increase.
This does not take in consideration what other finances are causing these foreclosures credit card debt auto loans the type of loan they took out on the house was it a fixed rate or unfixed just by telling people how many houses are in foreclosure does nothing except cause panic and misunderstanding
it is criminal taxation . Taxation upon taxation. Or duplication . Why? . One citizen has already paid the taxes to the federal and state government before even the income gets to a citizens family . Then why tax again on buying a house , on the same money of a citizen . Makes no sense at all other than to make the life of an ordinary wage earner and his/ her family miserable . Is this family friendly . No wonder why many individuals do not want marriage and if they do restrict children as its is getting unaffordable .
Here’s a quote/prediction for 2030 from the World Economic Forum: “You will own nothing and be happy.” There are no coincidences in the universe…I DO NOT CONSENT.
That’s exactly what is happening. They will turn us into a forever renting society. They will concentrate all of the wealth at the top 1%. We will be the ultimate form of corporate slaves.
No.. if it's increased insurance rate that's causing foreclosure, FL should be #1 in both rise and number. When insurance goes up, we are talking merely just a few hundred a month at the most. You don't foreclose home because of mere few hundred a month. There's a bigger problem.
If you're losing your home with only 3 percent interest, you obviously made even bigger mistakes than people paying 8 percent... if I sold to someone right now based on what my value is allegedly, the buyer would pay 3x the mortgage I'm paying. I'd walk with a 60 percent overhead profit... don't buy houses right now😂
Do you hear homeowner's talk about how much profit they made on the sale of a property? You are paying for the profit/equity your landlord is realizing.
GA governor has it so counties can only increase property taxes 3% per year….so Coweta county is raising property taxes 48% before the end of the year……
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
She hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.
I think it's not just a rise in property taxes and insurance but also an increase in just about anything caused by a monstrous inflation. Higher energy prices, higher food prices, higher traveling prices, higher car prices, higher mechanic prices, higher...you name it and so no matter how frugal one can be, for a lot of people it's impossible to make it to the end of the month. Let's not forget that credit card debt it's at an all time high these days, all reflecting a bad economy. And the "root cause", barrowing from Mr. Harris, for all of that? Look no further than this administration, think of it on November 5! Finally, let's not take out greedy realtors, who are just interested in selling, selling, selling especially to younger couples with very little extra financial resources in case this, or that breaks and needs repairs, and..., this or that will break!
I have much less in bank savings, because I moved my 6-figures out of a "too big to fail" bank to pay down my 2.5% interest rate mortgage with 28 years left. I am completely out of debt, including my mortgage, and without counterparty risk before the next World War, Civil War, and Greater Depression hit hard. Several years ago, I cancelled my last credit card. I pay with cash or with debit card, no checks. I owe nothing and I have positive cash flow above my expenses. For 20+ years, I saved and only paid cash to buy my used cars. My only real estate worries are skyrocketing insurance and property taxes; they're coming sooner than you think. *"I may be wrong, but I am never in doubt." -- Dan Peña -- QLA*
Wait so inventory going up, Sales going down, and foreclosures going up with 3% interest rate loans. All with inflation and unemployment rising. If a recession happens is this when the experts say the market is crashing?
Property taxes should be against the law because no one should ever lose their home because they cannot pay property taxes. Property taxes are a result of gross mismanagement and greed by our politicians and in these government agencies.. these agencies are not our friends they are our enemies.
I agree. I live in the Dallas Fort Worth area and there are about 25 other smaller cities in the land mass we call the Metroplex. Every one of them have police depts, city halls, school districts, etc etc. Fort worth spends more money on bike trails, tearing up streets to add a median (which require future maintenance for plants etc). Bottom line, these cities have a ton of money. We just voted for new appraisal district board members who passed a law to lower taxes. The city and county immediately raised rates. Disgusting
@@wyonamagee6521 it is criminal taxation . Taxation upon taxation. Or duplication . Why? .
One citizen has already paid the taxes to the federal and state government before even the income gets to a citizens family . Then why tax again on buying a house , on the same money of a citizen .
Makes no sense at all other than to make the life of an ordinary wage earner and his/ her family miserable .
Is this family friendly . No wonder why many individuals do not want marriage and if they do restrict children as its is getting unaffordable .
This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
You're right. I was able to diversify my 450K portfolio across markets with the aid of an investment coach, and I was able to use high dividend yield stocks, ETFs, and bonds to generate a little over $830K in net profit.
Would you mind providing details on the advisor who helped you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Americans are facing a tough time with their finances, especially concerning housing affordability and retirement savings.
I'm getting worried about the rising housing prices. It seems like it's becoming harder to afford a home these days.
Yeah, it's a real struggle. With the rising housing prices and stagnant wages, it's becoming increasingly difficult for many to afford homes, let alone save for retirement.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for retirement without considering their housing situation, they might miss out on potential investment opportunities.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
Greed has literally ruined this once great America.
@@davidwilliams4498 Socialism has destroyed this country.
US reinc. (FED and their masters in the City of London = Rome 2.0) to $wiss BI$ greed. NONE of this was possible, before their 'staged' 1860s US civil war, bankrupting the former "Republic" by 1870... and then the sly institution of their Trojan horsed Federal Reserve and IR$ acts, etc. (Before later "gutting" of the Glass- Steagall act, in the 1990s! Among numerous other acts, of criminality!) THEY control the 'fiat' Ponzi scheme, legalese, inflation... to the insurance industry, and setting the "price of gold!")
And MANY (most?) of these homes have/ had significant equity, or (in Florida, for e.g.) were paid for. (So there is no "coincidence," here... Just HIGHLY illegal, and unlawful: PREDATION... by state assisted and sanctioned: CRIMINALS!)
Greed can’t excel without democrats
How so?
There should be ZERO home property tax!
Revenue would have to come from elsewhere
No, I think they should raise it to 5 percent and give you tax credits for the home property. Rich people have too many homes while middle class can afford one home.
@@idkmybffjill9682
Or spend less. That’s an option.
At least the criminals / lenders should pay 50% of property Taxes when the Loan is not paid in full, they have the damn tile! But no, their greed wants to scoop everything 100000000% profits
The government inflated asset for their taxes
Everything is too expensive thats the problem the inflation is ridiculous food ,insurance car payments, hoa, electric and water bill and just to top it off the ridiculous house prices to start out.
@bigal2655 Make inflation work for you, then you wouldn't be making comments like that. Inflation makes your paychecks/pensions worthless.
More population more inflation more competitive
Inflation is at 3%.
Lady on video dont tell that homer prices went up $50,000 on the ones who got the 3% interest rate, thats why they are losing their houses. But below explains why interest will keep going up. Man on video is wrong about interest rates going down, because interest rates will go up to keep food prices down. Layoffs will happen, but they have to eat. Be more people chasing less food, because laid off workers aint making food. More demand, with less supply. So there will be a shortage of food, so they will have to raise the price of the food, but they wont raise the price of the food, they will raise interest rates. Raising interest rated dont hurt the rich, because the rich dont borrow money, they pay cash.
lol
I still don't get why we should have to pay taxes especially fluctuating taxes that keep going higher and higher!!!!...... it's disgusting and we the citizens need to reject it.
Our country had a whole revolution over it.
Why are We The People sitting back and taking this crap?
We bought our first home in NJ in 1992 and paid about $550 a year for insurance. That cost rose to about $850 from ‘92 to 2012. After hurricane Sandy, they increased the policy to $1500 in ONE YEAR. We paid it. So the next year, they raised it again, and again…the insurance companies basically figured out they could get away with it so they keep doing it. We downsized in ‘21 and the policy was $892. I just got the bill: $1200. And we’ve filed NO CLAIMS. Here we go again.
@@butterflygirl3359 agreed! Insurance rates across the board have jumped exponentially compared to previous years/decades. I’m not for governmental control of industry however the insurance industry needs an audit and government oversight to ensure fairness to consumers.
Yup. It's ridiculous.
my car insurance is still more than that
Wasting so much hard earn money to insurances
The cost to replace your home has increased over 30% though
My brother-in-law who works at a bank says they haven't been foreclosing on some homes and have been working with the homeowners. He said many people are 12-18 months late on their mortgage payments and the bank has decided to start the foreclosure process. They just hired a part-time employee to start taking pictures of all the properties and he's getting his hours in.
They won't typically 'file' a NOD (Notice of Default) or Lis Pendens (Judicial foreclosure) until they're being 'audited' or otherwise told to 'dump' the "bad debt..." and clean- up, their books. (That is, unless REAL "demand is exceeding, supply?!" But that's rarely in a declining to flatlining sales: "buyer's market..." i.e. 2024- '30ish.)
In the 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.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
“We will own nothing and we will be happy.”
WE HAVE BEEN WARNED.
eat worms, weeds and insects
#FJB and F the Dummycratic party for destroying the value of the Dollar
Only the wealthy can destroy the value of the dollar.. Or did you not take economics? No, I don't mean home economics that taught you how to boil an egg... I mean the one about money and how it works.... The more money the wealthy hold onto, the less money regular people have to spend, which lowers the value of the dollar... Its not about a damn political party you idiot... If you think it is, then tell me why is it that the poorest states in the nation are the REPUBLICAN ran states, although the Republican leaders seem to be doing just fine and taking several vacations a year... God yall are so stupid to keep voting against your actual futures. Its about the haves and the have nots..... You, me and the rest of us regular people ARE THE HAVE NOTS.... She speaks of Issuance rates... Who do you think gave insurance companies money, as well as removed any controls place on them that limited how much they could charge? That orange guy that loves his UNEDUCATED supporters.
I'm in Florida (retired) and had to go bare, can't pay $12,000 for insurance or replace the roofing every 10 years when the roofing last for 30 years. Home market prices go down and all else will follow suite.
"We@ther w@rfare." (And the bankers now also own and/ or control the insurance industry, real estate, etc. as well as the fiat Ponzi, Wall Street, the legalese, DC, the M$M, etc.) And sorry to hear that. The end result will likely soon be a "mass exodus" from FL, and elsewhere?
@@williamtiffee3799 I've been waiting 30 years for that often advertised but never realized "mass exodus" to happen. They are still pouring in every day.
It’s cyclical. Just cause you’re struggling doesn’t mean everyone is
As millions of gallons of raw sewage covers the state of Florida and nobody cares😂🤣🤡👍
@@119Agent The main issue IS that they control every (formerly sovereign state, province, etc.) "nation state and territory." I believe there are about five countries LEFT that don't have an IH$ cult central bank, yet?! (And if they keep fillin' in those sink holes and wetlands, to swamp... the tides may indeed 'rise' and 'sink...' Miami, to Jacksonville?!) Seriously though, those "high earners and savers" leaving the US reinc. are costing them, Big Time. (Just ask Gavi Nuisance how the "Exodus Plan" is working- out, for Commufornica? They've already now 'sunk' from "the 4th to 5th largest economy," in the New World Ordo. (At least according to their 'faked' Medea stats?!)
When there is no mortgage, there is NO REQUIRED insurance.
Here less than 5 yrs. Property tax up over $1k, house price close to double, insurance up. Just switched car and home insurance. Contesting property tax increase.
“Contesting property tax increase.“ EVERYONE needs to do this!
HOA's went up. It's unaffordable.
Just opened up our homeowners renewal for October, up another $1k. How do they expect people to keep their homes? I have had 5 homes and never have the rates gone up so drastically as they’ve been these last 2-3 years. No claims on any home ever. We are just giving away our money 😢
Climate change many weather disasters clearly the reason. Gov knows they soon will have to take over for profit insurance same with car insurance many claims for flooded cars an car thefts are riding very high. It's a scary mess.
Reinsurance and litigation are what is driving up the costs.
I had an insurance policy with 2 cars. Sold 1 to carmax and my insurance premium went up. How can insuring 1 car cost more than 2?
Insurance Co.s like banks & retirement funds bought huge amount of bonds @ around 0% that are worthless today with rates @ 5/6% you as consumer have to make up the difference
They don’t expect you to keep your home. According to WEF, Klaus Schwab, you will own nothing and be happy…of course while you are eating ze bugs. These people!!!
Because my house is paid off I quit my homeowners insurance. I've also quit driving to get rid of the insurance. ALL because I knew my PROPERTY TAXES WERE GOING UP, AND SURE ENOUGH THIS YEAR IS UP $155.00!!!
Wow.....$155. Big deal, do you expect the taxes to go down? If you think insurance is expensive, hopefully your house never burns down like mine did.
Foreclosures are getting owners to lose their home and then big companies can buy and rent it right back to the original owners.
I don't mind paying 20% rates on a home loan, we did it in the 80s.
The PROBLEM is the RIDICULOUS prices
20,000 at 10% is only 2,000 but homes today avg 400,000 10% here would be impossible with 40,000 interest.
@@briangallagher1704 I'm GenX, cum dumpster
The only way to bring prices down is restrrictive interest (fed rate over 5%) until the point the pain causes people to stop buying and businesses who depend on house buyers lose their income thus causing unemployment thus causing even more people to stop buying. Interest has only barely been high long enough to start and see a small rise in unemployment.
Usury
@@briangallagher1704jealous
My grandmother paid house insurance for 30+ years then when my mother took over the property she continued for another 20+ years until she made her very first claim and got denied. Wind blew shingles off the aging roof and they just simply told us no. State Farm.
That sounds about right.
State farm has commercials to pay for. They can't be bothered with claims.
@@RED-cy7ig yup Jake from State Farm is just an actor.
Par for the course for fraudster State Farm.
Good to know, State Farm is a definite 'NO'.
Great video Jackie! I think foreclosures are still not as high as 08, but affordability is definitely down and some are struggling to buy their first home. Got a sub and like from me! Great stuff
@@theinvestorslender not as high *yet*
@@c2s2942 no data to support that, I write mortgages daily for clients and they've gotten way more strict on who they're lending to compared to 2008
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
Bought a fixer upper for 54 thousand in south Texas. My yearly taxes 1200.00.
Life is great. My brothers in Austin OUCH
And yet the payouts from insurance companies have DECREASED 25% year-on-year😮
Its not only the Insurance but also the Property taxes have gone way up too.
It's not complicated. Insurance companies take a big hit like the fires in Hawaii or the hurricanes in Florida. They are big and they are protected. They can not take a loss or a cut in income, so they just raise the rates on everyone else to keep their balance sheets looking good to investors. The whole thing is a house of cards and it has gotten bigger than a card can support.
@@garytaylor2951 wow you're like an insurance insider, thanks for the info!!
I know in Florida you can file for homesteading which limits the amount of increase of property taxes. The insurance problem, in Florida, is real and my rates have gone up more then 3 times since 2016 when I bought the house. The only thing you can do about it to fix all the problems in the house, including the roof, and get all new inspections. I got my insurance down from $3,600 to $2,800 doing this.
You spent thousands to save $800 annually?
It’s cheaper to pay off a mortgage and drop insurance…
@salauerman7082 I already paid off the house and it needed a new roof anyway. You have to be a fool not to have insurance.
@@DesertScorpionKSA but guess what it will still go up next year.
@@Heather-db6wq Probably. It's been going up year to year since 2016.
If you make a claim on your house insurance can cancel you. If you make two no other insurance will pick you up. If you can I think we should move to the highest deductible you can and start a home savings account. Catastrophic insurance only. Doesn't matter it is going to that just like health insurance.
I am a property manager. I saw a 100% insurance premium increase just this year in my company’s homeowner’s insurance premiums for all the rental houses. That is in addition to higher property taxes. This has resulted in having to raise our rents. Unfortunately, we have no choice but to do that. Also, repair and maintenance costs are going up very fast too, resulting in higher rents. Of course many ignorant people who know nothing about my business just think that landlord’s are greedy pigs and have no bills of their own to pay, but just load their pockets at the renter’s expense.
Thank you for sharing
…plus the renters destroy, rather than aid in maintenance.
@@salauerman7082 Unfortunately, that is becoming more and more true. What is the biggest disaster is how easy it is to get an “emotional support animal” now. All you have to do is download a form and get it signed. No training of the animal necessary and it doesn’t have to be housebroken either. The landlord has to allow it and you can’t take a security deposit either. I just had a support dog destroy the carpeting in every room of the house. If they even mention a service animal in the application, there is no way in hell I will rent to them. If they bring in an animal, I will not renew the lease. I have had it with renters having pets. Most of them are a nightmare.
900k Foreclosures in 2009, 177k today. Still very low.
We had Farmers for home owners insurance. We were paying 1400 for the year until 2021. It went up to 2000. Then after Ian we had a claim. We were actually really happy with Farmers and how they handled our claim. We renewed with them again in 2023 for 2000. Then this year we got a non renewal notice. Now I can’t find anything for under 3500. We own our house and haven’t decided what we are going to do, but people with a mortgage are screwed. That would be a 300 plus increase every month just BC of insurances. Lots more people are going to be in foreclosure bc of this.
High interest rates-High property taxes- High Insurance and inflation all play a role- it’s just not affordable to own a home right now-
The public school wants a levy every year. Everyone gets to vote on this. Homeowners are the only ones that bear this burden. There are more renters than homeowners. This coming November we will out the consequences of that last levy. They will be charging $164 per every 100k. It’s crazy
For every renter there is a homeowner of some type.
I saw some comments brag that they down only 3% and get 3% mortgage. I feel indeed they are delusion that they are owner which in reality bank is indeed owner.
In Texas, a lot of my residents, transplants, are not interested in the property exemptions, Homestead, bc many refused to make their home their primary.
Thank you Jackie for getting right to the point of your video's topic and not wasting the viewer's time like so many other CZcamsrs do. You sure pack a lot of very useful information into your short videos. I really appreciate your work!
Thank you! It makes me happy that people find value in my content!!!
People need to either file bankruptcy to protect their home from being taken and to immediately stop the foreclosure when a bankruptcy is filed!
Find a distressed seller who *must* sell, and offer to take over the debt payments and give the seller a wrap-around note and an all-inclusive-trust-deed as security.
You can buy a house with nothing down and no bank qualifying.
Do not worry about the due-on-sale clause, because no lender will elect to foreclose on an owner-occupant that is current on the debt payments.
Run the numbers to be sure that the debt service is affordable.
*Creative financing solves huge problems for both buyers and sellers.*
In today's market if you are forced to sell you would just sell on the open market for maximum reals price. This isn't the 70-80's
There is a Fannie Mae property that’s been sitting for 100 days on the market. I’m interested to buy it but they won’t budge on the price. Should I keep pursuing?
Nj property taxes are out of control and they only go up.
I live in Hawaii.. Home prices are ridiculously high. Many locals are being priced out. So many homeless people living in tents along the beaches and parks. Looking at the mainland but even with lower prices there property tax and insurance are crazy. Hawaii is still cheaper even though prices are high. On the mainland, At this rate, soon many will be homeless.Is that what America has come to? Is this what the government want? It's sad that our children will have no future!
Same for locals in Sacramento, CA
Yes and yes. Wake up. They are demonic. This is a long standing plan, and this acceleration since 2024 was also planned. It's all directed by the banks and corporations that direct the WEF, that direct the UN that direct the world governments. Governments are just lower level management following orders. Elections are just theater. We vote for nothing. We are presented with two people that none of us voted for to again "vote" for. Since fake 8:46 elections went electronic, they're so much easier to manipulate too, again, all planned many years ago. Wake up.
AZ here. My Homeowners insurance initially went from $2,000/year to $4000. I called and got it "reduced" to $2700.
No claims ever and have been with this company for 14 years. The agent was going to tell me all the natural disasters that caused the increase, but we have not had any here in AZ (unless someone can tell me).
Housing prices have increased so that's probably why.....I guess.
Luckily we can afford it, but I can see how this can cause a financial issue if you are already overextended.
I understand how some areas get increases but some areas should not have increases in insurance where there are no disasters.
We have a 2.89% VA loan (2021) with HOA fees & property tax & home insurance (escrowed) and doing fine on a west coast city in Florida. I’m retired and my spouse is an RN! We doing fine and living comfortably in the Sunshine state.
Homeowners if you fall behind and a foreclosure hasn’t been filed, call your lender and ask about the loan modification programs that they have! The interest rate should be lower and this can help avoid a foreclosure filing!
What I am seeing down here in GA according to foreclosures is that they are slowly coming onto the market. I have been to several auctions in regard to foreclosure properties. However, two things are happening - 1. If it is a mortgage foreclosure the property is hitting the market at a higher number/price because some of these houses foreclosed on were just brought a couple years ago, so it might hit the market at $200K+ and in GA you need to have cash up front to buy the property. 2. If it is a tax foreclosure the amount sometimes starts at $8K+ which is great, however you have to have cash to buy it and also GA is a redemption state which allows the former owner a yr to come back and reclaim the property. So, you will be sitting on that property probably not doing nothing to it, paying taxes and waiting for the time to expire to actually either start renovating it to move in or flip. Nonetheless, if you can find a reasonable house via foreclosure down in GA go for it, just understand the state laws and have the cash upfront to make the purchase.
Tax sales are a great investment. It's 1% per month in my state. Most people never acquire a property in a tax sale, just their investment back and their interest earned. And I'm ok with that, hopefully it takes the whole year, 12% is a good investment with zero risk.
@@NEKingdom241 12% is definitely a good return in your investment with zero risk
So sad people are losing their homes, Thank you Jackie
Many of the people losing their homes were bidding up the home price against us, means they bid up the price to make us pay more for a home. So, I dont feel sorry for the people that lost their homes that bid higher prices against me,
@@myronhelton4441 Your right
100% by de$ign, as par... every 'staged' market cycle!
@@AnnC....I agree it’s sad.
It's very sad. I hope it doesn't get worse like in 2008.
I understand why insurance are going up in the south (hurricanes). But please explain why South Dakota insurance rates are going up? Thanks and good video.
In South Dakota, we got hit with hail storms so severely and people had to replace their roofs on their homes and all their cars were totaled and their businesses all the windows were taken out so there was a lot of insurance claims with auto homes, etc., and businesses the hail was as big as baseballs
@@trudicarlson359 Wow!! I did not know that. I was planning on moving to SD. Thank you for the info.
Can't lose your home, where the heck do you go !!
I’m living in my childhood home with my 86 year old dad and after he dies my brothers and I have to sell because the property taxes are so high. It’s not a fancy place but taxes are over $6000 a year. $500 a month to sit on dirt.
@@KellsSmith1244 what state?
What state?
My friends friend got a 2.5% but that home came with solar they had to assume.
She told me they are going to put it on the market and try to save themselves.
But hearing the solar nightmare being the thing emtying their pockets is sad. They'd be doing okay if weren't for those solar panels.
What’s the issue with the panel payments?
why are we paying real estates taxes on what belongs to us & a city sale tax on our purchase's ;0
@@nunyabiness1097 thats how the county and cities make money; pays for infrastructure, police, fire, schools, etc. sucks but thats how it works. We literally own nothing because even after we pay for homes you still have to pay property taxes. I own 40 acres in CA but still have to pay property and irrigation taxes.
@@jalaniz9204 You own your home, your taxes pay for all the things you listed. If you didn't own your home you wouldn't get the profit when you sell.
@@NEKingdom241 taxed while we own, taxed when sold in the form of capital gains tax.
@@jalaniz9204 No capitol gains on a primary residence in my state
@@jalaniz9204 In my state if you own your home/property for more than 6 years there is no land gains tax
Thank you for keeping us informed
Happy to help!
I'm surprised that Long Island and Jersey aren't on the list. The prices are out of reach.
I wonder if these are people with balloon, or fixed rate mortgages that are being defaulted on more. I always had fixed rate loans, but worked with people complaining about their balloon mortgages going up.
If someone cannot afford insurance, can simply sell the house? I thought foreclosure happens only after a several months of not paying mortgage. How there can be a sudden foreclosure?
@@alex182618 Part of the loan agreement is that the house will be insured. If not insured it's a violation of the loan terms and this can be foreclosed
A lot of times realtors are aware that a totally remodeled home is subject to its assessment and taxes raised and give no warning to the buyer. I don’t think enough realtors and title companies get sued over this.
The PI, but not the PITI - realtors and loan officers only selling the required part of the pie/PI to get a buyer to sign.
In my city of Orlando, nearly 100% of the foreclosures are condos and flips.
I had a look at foreclosures in my town and there are only ten of them. Some look like construction loans for land. The others were average priced homes where people got in over their heads. I looked at the city where we have a place in a Boston Suburb and there were four pages of foreclosures. One of them was an $8 million home. A lot of homes from $800k to $2 million. Median household income is $178k so you have to be doing fairly well to live there and property taxes are probably around $17K on average. I'm not sure why there are a lot of foreclosures as prices are generally rising there. Massachusetts is probably the highest cost-of-living state in the country. A lot of people want to move here though but can't really afford it.
🎉Thank you. As a 1st time homebuyer, I’m leaning towards a decent bank owned foreclosure. Can you have a mortgage with a foreclosure?
FHA loans are now the new sub-prime loans. It's all coming down.
PROFITS OVER PEOPLE
Living in South Dakota. Our homeowner insurance went up 100% in one year!
That's all? I pay $725,908,278.98 every year for my condo in downtown Detroit.
You are a victim of FRAUD get your own personal appraisal and send it to your county or contact a lawyer.
czcams.com/video/Leb2GH6y7Pg/video.htmlsi=KsMqT7fXMaB8JIxX
Texas too - The ARM loans are kicking in and the high rate is helping to cause it.
los Angeles Home ins. double up. I pay $3440 this year, last year was $1700.
I refinanced 3 years ago and taxes and insurance have taken all my savings and more. My auto and homeowners has almost doubled in 2 years
Question, is it better to do a complete remodel and stay in the home that is over 35 years old than to buy a new build for senior citizens. Living in northern Indiana.
Honestly I can't answer that for you. You have to look at what works best for you financially.
@@carollykins9475 yes u better off doing a remodel if u are a senior ,why get into further debt in youre golden years,remodel and enjoy you’re home for the remaining years than stress over new potential bills with new property.
Thanks for the foreclosure link I installed the app Next week we find out on my birthday if my wife's middle score will be 620 or higher for a renovation loan this would be a great tool to find us a fixer upper home 🏡
Thank you for that website. Great source of deals.
I know no one in CA who only pays $1,900 for home owners insurance.
Average home insurance Ventura county California
$1200 a year……stfu!!
How and why?
If you can't pay off your house in 10 years you should never buy a home. My home is paid off, no insurance.
Then virtually no one would have a house. That’s dumb.
less people would afford it, but home prices would drop like a fly. Bank loans and the fact that people use real estate as an investment is what keep prices high.
Food prices, auto insurance, homeowners insurance…. All these increases!! No one is saying or doing anything. Job losses. No more middle class. Homeless is increasing. It’s so sad what America has become.
Let's be honest... when peopl got a chance with the 3%... they bought more home than they needed or bought at the of what the lender could loan. everyone was saying that the 3% is a golden handcuff.... a good rule of thumb is to buy up to 75% of what the lender will loan you. I know this was nearly impossible for the last 3 years.... but that's why I am waiting on the sidelines. I was not able to steal PPP money to pay overprice in cash.....lol
Losing such an historically interest rate is totally incomprehensible
How incompentabt can an adult be.
Can a video be made about subto and assignable mortgages?
Sounds like a good way to take a asset during the next wave of opportunity
I’m just afraid of how people dodge a due on sale clause since it sounds like putting a house in an llc or anything will trigger
I'm so glad I bought a home where my total monthly house payment is only 18% of my take home pay. That way I have some wiggle room to use in case my insurance and/or property taxes increase.
Millennials: It's 2008 all over again
Can't thank you enough for this information prior to buying a home 😊
This does not take in consideration what other finances are causing these foreclosures credit card debt auto loans the type of loan they took out on the house was it a fixed rate or unfixed just by telling people how many houses are in foreclosure does nothing except cause panic and misunderstanding
it is criminal taxation . Taxation upon taxation. Or duplication . Why? .
One citizen has already paid the taxes to the federal and state government before even the income gets to a citizens family . Then why tax again on buying a house , on the same money of a citizen .
Makes no sense at all other than to make the life of an ordinary wage earner and his/ her family miserable .
Is this family friendly . No wonder why many individuals do not want marriage and if they do restrict children as its is getting unaffordable .
Thank you Jackie. Listening to your video makes me more thankful for what I have.
You are so welcome
Here’s a quote/prediction for 2030 from the World Economic Forum: “You will own nothing and be happy.” There are no coincidences in the universe…I DO NOT CONSENT.
This is were they planned for it to go.
That’s exactly what is happening. They will turn us into a forever renting society. They will concentrate all of the wealth at the top 1%. We will be the ultimate form of corporate slaves.
No.. if it's increased insurance rate that's causing foreclosure, FL should be #1 in both rise and number. When insurance goes up, we are talking merely just a few hundred a month at the most. You don't foreclose home because of mere few hundred a month. There's a bigger problem.
If you're losing your home with only 3 percent interest, you obviously made even bigger mistakes than people paying 8 percent... if I sold to someone right now based on what my value is allegedly, the buyer would pay 3x the mortgage I'm paying. I'd walk with a 60 percent overhead profit... don't buy houses right now😂
How do you prepare for a complete unknown?
I hear homeowners all the time talking about Rising property taxes.. listen..l rent...and I love it😊😅
Do you hear homeowner's talk about how much profit they made on the sale of a property? You are paying for the profit/equity your landlord is realizing.
GA governor has it so counties can only increase property taxes 3% per year….so Coweta county is raising property taxes 48% before the end of the year……
And it’s messed up;for the banks too cause the prices were so high they’ll never get them back, not even close
Thanks for the information! Does this data icludes foreclosures in the commonwealth of Puerto Rico?
Check out CEOs salaries.
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
She hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.
1:5000 foreclosures lolllll NEXT
I think it's not just a rise in property taxes and insurance but also an increase in just about anything caused by a monstrous inflation. Higher energy prices, higher food prices, higher traveling prices, higher car prices, higher mechanic prices, higher...you name it and so no matter how frugal one can be, for a lot of people it's impossible to make it to the end of the month. Let's not forget that credit card debt it's at an all time high these days, all reflecting a bad economy. And the "root cause", barrowing from Mr. Harris, for all of that? Look no further than this administration, think of it on November 5! Finally, let's not take out greedy realtors, who are just interested in selling, selling, selling especially to younger couples with very little extra financial resources in case this, or that breaks and needs repairs, and..., this or that will break!
I have much less in bank savings, because I moved my 6-figures out of a "too big to fail" bank to pay down my 2.5% interest rate mortgage with 28 years left.
I am completely out of debt, including my mortgage, and without counterparty risk before the next World War, Civil War, and Greater Depression hit hard.
Several years ago, I cancelled my last credit card. I pay with cash or with debit card, no checks. I owe nothing and I have positive cash flow above my expenses.
For 20+ years, I saved and only paid cash to buy my used cars. My only real estate worries are skyrocketing insurance and property taxes; they're coming sooner than you think.
*"I may be wrong, but I am never in doubt." -- Dan Peña -- QLA*
Could some of this be related to covid moratoriums being lifted?
Wait so inventory going up, Sales going down, and foreclosures going up with 3% interest rate loans. All with inflation and unemployment rising. If a recession happens is this when the experts say the market is crashing?
Home owners should simply refuse to pay the highway robbery bills.