People Are LOSING THEIR HOMES TO THESE RISING COSTS
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- čas přidán 27. 08. 2024
- More and more people are being forced to sell their homes due to the phantom cost of homeownership rising too high unexpectedly. These are usually things like homeowners insurance increases, property tax increases, special assessments, or unexpected repair cost. For a long time these costs were relatively stable, but over the past few years they have been skyrocketing.
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2024 WORST YEAR IN REAL ESTATE HISTORY...SO FAR
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I just had to pay $6,000 for a new water Filtration system in Southwest Florida and that's after a different scumbag charged me $2500 for a filter a year ago that was supposed to rectify the issue but made it worst.
The costs are crazy, they're going to get worst by orders of magnitude and in the near future we won't even be able to get replacement parts to repair our homes as they are now.
Living where I do I have tried to take steps to negate the issues as much as possible such as getting window unit air conditioners to use when our central is not able to be repaired anymore or when a new system isn't an option.
It's a good alternative that I have already used after power outages after Hurricanes.
Window units aren't cheap but are less expensive then a new central HVAC unit.
Around $4-500 each and I am trying to get up to 6. 3 to use when needed and 3 to back those up...
I guess we'll see if it was a good idea or not but Southwest Florida gets HOT and HUMID in the summer and dogs suffer greatly in the heat
FJB did that👆
Aloha from Hawaii Michael! I’ve been living in Hawaii for almost 20 years. A veteran who was stationed here and decided to make it my home after. Got married and started a family. I was paying 975 for rent in 2011. I am now paying 2300 a month for rent. That’s not including water, sewage, trash, and electric bills. That’s over 3000 a month. The average new home is over a million on Oahu. Locals born and raised are living in generational homes with three sometime 4 generations. As an educator my pay check increased by 3-5% a year while the cost of living has doubled in the last ten years. An exodus of teachers are leaving the state while others are retiring. Many of my teacher friends are even leaving the profession looking for better pay.
@@jimmyhoffa7935 FDJT he did it. Oh, you might be in a cult
@@Scarredfan six grand I installed a six stage myself for a thousand bucks
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I lost my house, had to wind up hiring an attorney, suing the insurance company to make them pay. (cost me 40K of my own money) won the suit and insurance company eventually had to pay. Meanwhile it drug out over 2 years and still hit me for 40K that I didn’t get back. Insurance is a fucking scam!
Yup!
TOTALLY AGREE!! IT IS A TOTAL FUCKING SCAM!!!!
@@bi0lizard1 Warren Buffet loves it to make money lol
true, instead of paying insurance take the money you would've paid and save it as your own insurance fund
just curious why did they not want to pay?
"you will own nothing and be happy", Well half of this is true.
Domt worry, pharma has the happy part covered
Great comments right here 😆
Your choice to get married.
Sitting back, munching on your bowl of bugs.
@@jerrydwyer9057 yup, drugs along with alcohol, smokes, junk food and video games/TV and that's what makes most pacified/content
The nation is also suffering from massive property tax hikes. Mine was $935 in 2019, and hit $2,000 now. My home was $77,000 in 2019, supposedly now $200,000. Wtf...😢 FRAUD.
Definitely , some budgetary constraints are not being adhered to or addressed. Mad spending.
it's the biggest transfer of wealth ever seen. from the poor to the richest among us.
Could be a massive bubble burst in the near future.
NO, ITS SUPPY AND DEMAND WHICH RAISED YOU HOME PRICE, NOT ENOUGH HOUSING BEING BUILT DUE TO STRICT ZONING LAWS, "NIMBY" PEOPLE THAT DONT WANT APARTMENTS IN THIER AREA,
How the hell your property taxes go from $935 to 2000 in 5 years. You might as well go back to renting. This is stupid
The rich get richer because they make the rules.
That’s me 😎
You're absolutely right.
And the poor stay poor because they don’t obey the rules
@@ihave35cents95 They don't get involved either. I live in a 21 UNIT HOA. No one will Join the board, but they yell loudly when a bill comes due.
@@ihave35cents95😂😂 rules? Real life doesn't have "rules" we not in school. What is happening is the people who lived above their means with a car that they couldn't afford and a bunch of clothes that they couldn't afford and "played by the rules" of the credit card game are going to be the ones that get screwed.. the poor will be fine so will the 10 million new citizens that can start the "rules" over again with a perfect credit score as ADULTS they'll come in buy your house after those "rules" foreclose on u
Man people are ignorant AF this IS JUST THE BEGINNING
I’m starting to think they are taking our houses on purpose! My property alone went up 450%! 😮
THEY ARE
Ya no kidding, ridiculous prices !
All of this is planned.
you are so late on that.. resesrch rei investment groups... blackrock now has a podcast.. says it all
You just realized this?
People have been treading water for the last 4 years...now the water is starting to rise above their heads.
ALL COUNTRIES NOW ARE HAVING THIS PROBLEM, NOT JUST AMERICA,
The Globalists want us in 15 minute cities or dead.
I've got floaties on to keep my head above water. 😂
Great analogy sooo true
What do you mean by treading water? What are they doing? Taking out loans or bad mortgages? What is "treading water" referring to?
Mortgage, insurance, taxes, electric, water, HOA fees, auto payments, insurance, fuel, food, child care, auto maintenance, student loans,medical insurance.it's over this country can't borrow any more as we head over the cliff 😂😂😂😂😂
No.. just avoid big cities.. 😂you are slow
@@dertythegrower But that's where they are herding people.
Better to speak for yourself.
I don’t have debt,car payments,mortgage, or child care. Fill my tank once or twice a year and little to no maintenance.
My home/auto insurance,taxes,HOA fees,natgas,electric,water,refuse,sewer,etc. total is less than $1400/mo. on upper middle class gated property in Oklahoma.
@@blackworldtraveler3711 whoo hooo, move me to Oklahoma
you can't save on utilities by not using them, there is a mandatory account maintenance fee even if you use nothing.
My brother in law used his retirement money and with help from family members trades skills, built his dream retirement home. Then, the tax assessor stoped by and took photos and returned to him a tax bill that STOLE his home due to astronomical taxes ! This is predatory and should be illegal !
yeah we really should go to a land use tax versus a property tax. The distinction is that the former only taxes what the land is worth versus the latter taxes that and all improvements. It would encourage development and more efficient use of land.
Gotta build your dream home inside of an old shed or buy a shack and build your dream home underneath it or never build and just put an RV on some land. These property taxes are vicious
I received a letter in the mail from the tax assessor wanting me to tell them everything I have done in my home from paint to flooring to replacing windows and roof. There were many other questions. I threw it away. As far as I can make out the law in Minnesota I don’t need to incriminate myself by answering these questions. Not contributing to a tax system that does very little for me but steal money.
This is illegal and people need to get real about their lives. Stop the theft of homes . These taxes and high insurance are all driven by home equity to steal private homes. We are on you private equity.
These insurance companies need to be investigated!.
Correction- Insurance Crooks.
Agree. Bet they will find all kinds false money trails ending in someone's pockets
it's like medical care, and veterinarians, they have nothing to stop them raising prices when they are the only game in town. congress needs to step in and put real caps on charges for services, or medicare will go broke. you can't afford a dog or cat anymore. and you MUST have the insurance if you have a mortgage.
makes you wonder if its political, at least it does to me. I mean this was never a problem before....
To what end? Don't you know that ALL insurance, utility companies are REGULATED by state commissions? They CANNOT raise rates without the commission's approval.
In 96 my mother worked for $11 an hour 50 hours a week and was able to get a 48k mortgage on a 1600sqf home from saving $200 a month for 2 years.
Now I make $21 an hour 55 hour work weeks and... I live paycheck to paycheck in Lowe income government assistant housing because renting anything else would eat 2/3 my paycheck. I'll never afford to buy a house
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000.
@@AliciaSalvadore
How can i reach this abby Joseph Cohen, if you don't mind me asking?
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
The thing is people often doubt the prospects of financial advisors like Abby Joseph Cohen in business/markets today. Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word
@@AliciaSalvadore
Thank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
People don’t understand we’re being taxed out of our money probably 60 percent of your dollar is going to income tax.
agree
Probably a bit more then that
Not even in California due the top Federal and State rates equal 60%.. The top federal rate is 37% but as a single person you would have to make 609k before you started paying that rate (and only on the income above 609k).
Sad but true in every country.
That is exactly where we are, seniors, house paid off, cost has gone up by $1,600 per month in 2 years.
wow, sorry
House not pay, no house, 3 kids. Same shit but we have to food and clothes for the kids on top of that! Same salary as anybody who have no kids!!!!!!!
And your kids are in trouble too and you have to help them financially. This is why I don't have kids as a single renter.
Wow. I’m sorry that’s happening to you. I have the most empathy for you seniors in this situation. What are you supposed to do? Go out and get a 100K/year job? As if most seniors could?
This is precisely why I probably won’t realize my lifelong dream to retire to Florida. There seems to be no limit on the ever growing costs, even if you own outright. We don’t even know if social security will exist when we retire. 😮
Sell it.
I don't understand why there isn't a law that you get your homeowner's insurance premium money back if your insurance cancels you. Health insurance has to refund your premium.
I have read in multiple books that insurance is one of the biggest scams in all of history.
the scarry part of owning a home is the property taxes they are not fix. they go up every year till such time you could no longer afford to be a homeowner. especially if you are senior citizen on fixed income.😮💨😩
Property taxes shouldn’t go up yearly, ridiculous.
That’s the plan
Then the state takes it and sells it for a nice profit lol
They have caps in some cities!
Some states have an over 65 exemption which freezes the home valuation so your property taxes only change if the rates change.
@@dennistyler9852 I would think that these taxes go up as the value of your home goes up? That's how it usually works.
I’m a introvert and it’s hard for me to have roommates cuz I like being alone I have a good paying job so I’m able to afford my own bills
No one wants roommates even extroverts!
@@karenjensen2345 Not even if they are friends because they might be noisy and selfish.
The majority of property tax payments go to salaries, benefits and pensions for the local government employees.
live in rural counties!
@@jkmarshall3553 Why?
@@katydid2877 why? ….because rural counties often have low property taxes.
ONE HALF OF PROP TAX GOES TO SCHOOLS IN FLORIDA, 60 PERCENT OF PEOPLE IN FLORIDA ARE RETIRED, WHICH MEANS LESS SCHOOLS, LOWER PROP TAX, ALSO ABOVE 65, YOU GET A DOUBLE EXEMPTION ON THE TAX,
@@HarrisonCountyStudio as everyone goes to rural communities the traffic goes up, infrastructure is stressed and we just recreated the suburbs.
Property tax is lot rent and if you don't pay it than you lose it and all of the improvements on it. With property tax, we really don't own our land.
yes.. its lose not loose.. and i see that mistake daily now.. been here 18..
why do so many people say loose for lose? its a daily thing now.. wow
None of u own your houses in america!!
Can’t sell the apartment you rent from landlord for $400k and $900k like the paid off homes I own.
I’m good.
Even retired debt free in my 40s.
@@sweendawg7274 I own my house free and clear. I purchased it with cash at the bottom of the last housing crash and also own several rental properties that I purchased the raw land free and clear and then built rentals on that land on the nights and weekends after working construction all day. I didn't hire any labor to help me. All the work was done with my own hands except for on concrete day. I also didn't take out any loans to build them. I paid cash for everything.
We all need to stop paying credit cards, mortgages, property tax and insurance and then maybe the government will start to listen.
You will be on the street there is going to be no bailout
You have to pay mortgage you signed the paper , but I agree with property tax and insurance they raise it cuz they want and greed
@@paulcarlson4230 if you don’t pay property tax the town will sell your home at sheriffs auction
Yeah right 😂i know you can't be serious lol
Good luck with any of that. Some states you might get away with not paying credit cards but good luck with that if you want to buy anything with credit for a long long time.
My parents were very smart... They bought a fixer upper that had been gutted and vacant for two years... pipes burst and flooded, some dead animals in the attic, kids had used the house as a hangout. The basic bones of the house were sound. They bought if for $23K fixed it up for about $43K with them doing most of the work. They paid it off in 5 years. It is in a lower income neighborhood neighborhood and the taxes are $650 a year. Taxes only $1150 a year. They planned this because they told me what they saw coming in the future... They saw all of this way back in 2008 after the housing crash. Their home cost is only 9% of the income. I remember everyone around them telling them they should buy a $250K home because they could easily afford it. They said "NOPE! That is just a debt trap. We will live simply and say below our means" I highly respect them, and they do not worry when many of those who were advising them to go for that $250K home are losing their homes and are in a panic.
I would add one thing. Not only do folks need to be out of debt back 20-30 years ago with a bank account padded, but you also need another easy form of income.....one you don't mind doing for a living and is cheap and under the radar.
Way to go
Property taxes are outrageous in the Northeast
I live in NH...I know all to well. It's disgusting
Not to mention if you want to buy a home there. You're looking at 500k fixer upper. We got out, but if we needed to move back, we'd be screwed
@@justinlowry6522 I used to live in Connecticut and now live in Georgia. Taxes cut in half and I get a further discount for being a senior.
Legal extortion
I have a condo in Ct my tax is about 2500 a year and own no land then have sewer tax every 3 months beside car taxes every year.
Everybody wants their home price to go up. Nobody realizes that if all home prices went down substantially, people would have SO much extra money each month. Americans were sold the idea of their houses being investments, thus everybody wants the price to increase 24/7. Take a step back people, higher property prices costs you more money each month…….
This. Low home prices are better for everybody when speculation is prohibited to prevent hoarding. There shouldn't be so many corporations and private investors with many homes when so many people don't have just one to live in.
Yes people use housing as a wealth generator.
Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10:10, Mark 8:36, Hosea 4:6, John 3:16-17, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
No one owns their home essentially if you think about it. But I agree with everything you said.
And we STILL CAN'T GET THE local utilities to provide good roads ...that last more than 5 to 6 years before they crumble....and clean surroundings and maintian infrastructure.....
Just like a casino, you can play your cards correctly all thru life but in the end The “house” always wins.
We can't keep a penny. If we are lucky, we can have something left for our kids.
Not if you are smarter than the folks running the house !!!
I am retired & live in Iowa. My house is paid off. My property taxes & insurance /month is $217 total. I figure about $ 200/mo for maintenance, I could not rent a 1 bedroom apt for that price. Iowa does not charge anyone 55 or older taxes on income from retirement accounts .Starting this fall anyone 65 & older will see a reduction of $3250 of taxable value on their primary residence.
$450 a month for both I'm MN. Modest home
My curiosity is up........why would anyone pay for house insurance if the house is paid off?
The Cowchit State...
@jefffoster3557 because is hard to come up with tens of thousands out of pocket for repairs of damages from storms, hail, tornadoes, floods etc
Insurance companies should refund all your premium payments if they drop you.
I should have retired basically on the low side of wealthy but it didn't happen that way. I could write a book about all the reasons why. Stupid relatives are one reason and COVID is in there too. Bottom line I had to sell my home to a flipper and lost a lot of money there, but I did manage to buy some cheap land and a crappy little house that will NEVER (I hope) go up in value. The whole area is hardscrabble with no jobs. But, I can do what I want there and I can raise my own food. I think I'll be happier there than I've been most of my life.
Less is MORE ! That's been true for us.
Nomad life, here I come. And they are cracking down on that.
@@lilycat1694The band called The Fixx popular song 🎶 Less cities more moving people.
Good on you
FL. isn't slacking when it comes to property taxes and insurance skyrocketing! Even with the so called "Homestead Exemption" capping tax increases at 3%, they are sure to get every penny of that 3% every year, and it's COMPOUNDED of course. In the last 10 years it has more than DOUBLED....
Indeed!
Montana resident here. Our Property taxes doubled in two years, home insurance went up $75 a month. Gas still $1.50 higher than 4 years ago. Because we're a food growing wasteland we routinely spend $1.99 on one single avocado, $4 on a head of lettuce, one loaf of bread is $5, a box of Rice Chex is $6. We will drive to a larger city 1-2 times a month for cheaper groceries but that's a 3 hour RT. We had a very minor insurance claim to help out with some water damage from freezing and thawing and condensation. Just needed to fix a small section of drywall and paint...took two months and 4 phone calls to get a pay out. We've never ever requested insurance help until now and they just dragged their feet. But Here's the kicker: our governor claimed that his property in Bozeman as an agricultural producer, so his property taxes went down while his neighbor's property taxes went up to $12K a year. Can't make this up. We've been trying to move, can't sell our house even after a $50K cut. Good times.
People are reporting that quality paint costs $98. a gallon... I think I will stock up on neutral.paint!
@@Joce123I don't know about $98 but I do know that I just spent $350 on a five gallon bucket of paint from Home Depot. I worked at Home Depot 25 years ago and back then the cheapest gallon of paint was $13, it's somewhere up above $30 now. And again that's for the cheap stuff. The good stuff is up around $50 per gallon.
And they want you to bye ev and be in more debt
Nowhere is safe, I guess. You used to be able to live in more remote places. Low cost of living was the perk you received for the inconveniences of travel to shop and work. What a shame.
@@gregchapman6056 I can't see how EV's would even be feasible in Montana. The distances are too far, the weather too cold in the winter, the EV trucks are impractical for towing long distances. Whenever a Tesla rolls through town we have a pretty good idea of which state it came from.
My daughter moved to Montana in 2021. She could afford her own 1 bedroom apartment. Fast forward 3 years and 3 housing changes and she was having to share a 3 bedroom house with 4 other people.
5 people in a 3 bedroom house.
The price of 1 bedrooms and 2 bedrooms doubled in 3 years. Its getting insane everywhere
Thinking about paying my house off and dropping my insurance, do not want to be told to replace my roof if it doesn't need to be replaced.
good idea
I did.
I have been paying 1500 a year and now it’s 2000 a year for a piece of paper with no value. I am sick and tired of being required to have flood and home insurance just for getting a loan
Great video!! I can recall when I was homeless and faced many things in life until $70,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!
That is lovely. But if i may ask, how did you come up with so much biweekly?
I began investing in stocks earlier this year, and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, and maximize it.
What opportunities are there in the market, and how do I profit from it?
@@LaughbaumYou can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well-positioned.
@@WoetzelI would really like to know how this actually works
The “America Dream” of homeownership is a fine tuned machine that stays in constant rotation when fed with unsuspecting victims. Today’s homeowners are living a nightmare.
Speak for yourself. I own my house and am 100 percent debt free.
@@davidgray1515so your situation is representative of the majority of US citizens?
@@davidgray1515well maybe you can get on the Ramsey show & do your debt free scream.
How long ago did George Carlin say "it's called the American Dream because you have to be asleep to believe it"?
@@revmansolution I think 30+ years already.
Insurance cancellation letters should read as follows: We’ve enjoyed your free donations but unfortunately we’ve run out of KY. See ya around🎉
had car for 15 years - insurance never covered ANYTHING - why tf we need car or house insurance ???
6:56 My house is built entirely of brick and Cement, the floor is marble, the wood is for decoration only and even if the wood in my house is damaged it will not affect the house and because it is cheap to repair it and I can replace it or fix it by myself.
I do not have a house insurance because my house will not be affected by storms and floods except only by a strong earthquake or landslide but landslide has a low chance of happening in my area
Real estate taxes have been going up because local municipalities refuse to reduce their calculations of real estate taxes. They use the monies for police, fire and schools. In NYC, we are paying real estate taxes for subpar city government employees and bloated NYC education system (where 200,000 illegal economic migrants sent their children paid by homeowners).
The CEO of 🦎 was paid a $13,000,000 bonus last year. That's 50,000 a day. Don't believe that crap about Buffet being humble.
That’s not good math, but I get the point.
@grantl2530 13,000,000 divided by a 5 day work week for a year, which is 260 days into 13,000,000 is $50,000 a day.
His dad was VERY WELL connected and this is how he started his investment firm. Oh and he only had $1,000,000 to start which is about $25 million today or if it is based on gold try $50,000,000. Gold was $35 an ounce.
@@lynniec fair. When I say I earn XXX a day, I’m referring to 365. If you don’t make money on holidays, you need passive income.
Man, if the boomers are struggling in retirement it means the millennials will be doomed. Us millennials very rarely have any form of pensions from companies as most companies cut those to maximize profits many years ago, we cannot get into a home to start building equity, and the only form of savings we have is a 401k. But most don't contribute since money is so tight. Plus with social security dwindling my generation will not know what retirement is. Most will hold 2 jobs and have roommates until they die.
100% CORRECT. YES BOOMERS ARE HAVING DIFFICULT TIMES FINANCIALLY . NEXT DOOR A BOOMER GMA on SOCIAL SECURITY HAS 4 FAMILIES LIVING IN A 3 BEDROOM HOUSE, WITH THEIR GRANDCHILDREN, AND GREAT GRANDCHILDREN. And this is a VERY nice neighborhood .
Work under the table.
@@class1188how sad. It’s time not to produce children for a while.
To make matters worse. We are about to crash hard and then have a lost decade so you will not be able to make any money in the stock market either. I feel horrible for what the boomers did to the next 3 generations that followed them, and they were hippies they were supposed to be cool. What a disappointment.
also boomers (and older generations way more) social security are heavily subsidized by gen x and following generations. The rate that we pay now wasn't put into effect until 1990 (right around when genX was hitting the workforce) 12.4% Social and 2.9% capped at a percentage of 51300 (equivalent to 123k today) with massive cap increases past that as well. When boomers were hitting the workforce around 1970 the rate 8.4% and 1.2% and those percentages were capped at a measly percentage of $7800 (equivalent to 63k today). Watch an older boomer go REEEE! when you tell them they didn't pay their fair share of social security. Boomers overall voted for policies that cut spending for the following generations as well as ballooned the debt that again will be stuck with younger generations. So anytime I hear of older generations not affording stuff I can't help but think "wow! how bad of decisions did you make that you are having a hard time when you were playing the game on easy mode."
Yes, the cost of living has gone up a lot. I've had to cut way back to afford life and keep my home.
Same here 😎
I’m 65 and this just happened to me. I had to sell my house
Is it my imagination or are we seeing the decline of America? Seriously. I mean everything. Morals, standards, go on down the line. I think we are done folks. This wont end well.
You just noticed? 😂😂😂
We chose culture over Christ
The globalist plan
@@annjames1837 There are still good people in the U.S. except there's also a growing portion that aren't as educated or morally endowed.
@@annjames1837
You mean THIS guy?:
Matthew 10:34-36
“Do not think that I have come to bring peace to the earth. I have not come to bring peace, but a sword. For I have come to set a man against his father, and a daughter against her mother, and a daughter-in-law against her mother-in-law. And a person’s enemies will be those of his own household."
Good to know he's just a fairy tale...
I can’t imagine losing my home. I feel so bad for these people who have or are in the process of losing their home.
As a native Rhode Islander who relocated Port Saint Lucie 7 years ago I was absolutely not shocked by the "surprise cost" associated with owning a home in Massachusetts or Connecticut.
Rhode Island is 3rd in the Nation in foreclosures. The wealth gap there is insane.
Live on a boat
At least we beat Medicare!
It is humiliating to our Republic that that fool is still propped up by the criminally complicit monoparty and MSM. This must end. Keep speaking out. All the best. Always.
🤣🤣🤣 right. Let's not forget that. 😅
how?
Who did! 😮
@@s99614 Well done. Over the target. Sigh. Love these videos, but my comments are being shadow-banned. Shame.
A Video from Michael is the perfect conclusion of the weekend!😊
So is he Copa America soccer finals starting tonight at 8 P M ET
Montana is not an easy state to live in especially if you are elderly.... the winter's are ridiculous. Last time I checked, you are allowed to drive with an open beer 🍺 and it's sad(and most of all) people have tapped into their equity of their house and they don't qualify for a reverse mortgage to keep their 🏠😒
With 50% plus insurance claim is being denied. But yet you paid in on your policy for 40 plus years. All the more reason to cancel it immediately.
The insurance industry needs to be investigated by the government a real investigation.
In a fourth turning (read the book) people not only want more regulation they demand it. Your comment means we are in the midst of a fourth turning and most people have no idea what that means because they have not read the book. I recommend you read it.
That's me retired worked all my life raised my kids in my home and had to sell couldn't afford to live and now can't afford to live in this country so moving
How couldn't you afford your home? I'm guessing you're a baby boomer given you're retired. You got your home for cheap and had a lot of economic opportunity.
Sell in Florida rent a nice place in Mexico
I can't afford the States much longer.we are getting rip off so bad.
@@SomeUserNameBlahBlahNot all baby boomers had it easier. The tail end of the boomers are called Generation Jones as in trying to keep up with the Jones. The economy was in a recession with super high interest rates when this “boomer” graduated. Plan on retiring early anyways. I just don’t want to work FT anymore. I’ll do 12-15 hours in 2 days. All the best.
@@dennistyler9852 Keeping up with the Jones was the boomer pissing money away to impress others. The recession and high interest rates didn't last that long. After it was done there was another boom in the 80s and 90s where housing was still cheap and jobs were plenty. Again, if someone retired today is broke, it's because they were lazy or made really bad financial decisions.
The lady in Houston, most likely did not have flood insurance, which is different from home owners insurance. There is also the possibility her home owners insurance did not cover wind damage.
The fact that you need to stack policies is fucking insane and absolutely what is wrong with the insurance industry.
It's just another slick way for them to get out of paying people
Flood insurance is a scam. They pay for very little, not to mention the equity you instantly lose when your property is flooded. My neighbor was flooded all the way to his basement ceiling, and they paid for a new door. All of the homes major appliances were in the basement like the heater, water heater, electric box….flood insurance didn’t pay for them.
In the declaration page of your policy, it's states wind and storm damage is included, but it's the Flood part, that she needed separate coverage form and that's where the insurance company got her because of the flood.
Here in California right now you can apply for property tax postponement if you meet certain requirements. Then when you sell, refinance or die, the state gets paid back.
18,000 a year in hidden cost expenses? That's insane, I haven't spent that much on my house in ten
I was in Florida and moved to South Carolina Mar 2022. Everything is good here.. my costs are small and I bought a brand new home for 275k. Taxes 800 /yr, home insurance 730/yr. Energy Bills average 80/month. I am retired now for 15 years since I was 53 and I still save at least 2k a month from my retirements.I am also single and always watched my pennies and do my own maintenance on everything I own. I think people need to study trends and stay away of what is trending unless you started the trend.
If you pay off your mortgage, why pay for insurance? just set some money aside in an interest earning account and stay self-insured.
Wish it could be that straightforward. Could you afford to replace your home if it inadvertently caught fire? Or sustained major damage from trees falling on it?
@lanialost1320 they don't pay you anyways so still its a win.
@@lanialost1320 It's much simpler than they make it seem.
First clear any potential hazards around your house. Make sure everything is in good shape. Then open an interest earning account and start setting some money aside.... Then only use that money to maintain the house.
Let's not forget the cost of pharmaceuticals products
The house I bought in 1996 it is long paid off. But unfortunately the taxes and insurance cost more than the original mortgage did every month .
Always entertained by your content, it's awesome!
People, this is a bot. Stop liking it.
The bots got a system to like their own comment. I've seen videos up 15 minutes and bot comments got 100+ likes.
Micheal - Thank Covid and the wreckless spending for this crisis. This was NON-EXISTANT prior ro Covid - plain and simple. Excessive stimlus money has caused inflationary pressures which affects many sectors making this a house of cards for many people on the fringe of life now! Love you channel :-)
Yup. And Trump is just as guilty of it as Biden. "I've never signed anything with a T on it. I guess we can't chicken out now can we?" And that weirdo Steve Mnuchin behind him yukking it up with the rest of the bankers
Michael, I live and own a home in Parma, Ohio 44129 and just received an property re-assessment in the mail. My home went up 50k in value!!! To put this in perspective, my home was only valued at 120k and went up 50k!!!! I do not know what I am going to do to afford this new property tax evaluation, even as a working professional. I am an BSN and doing ok but definitely not wealthy!
Montana gets almost all their tax money from property taxes.
Ouch, sounds like NH. Tourism does help.
👎 to Ron DeSantis not doing anything to put pressure on insurance company’s. The fraud was not handled properly for years. I have been here for a very long time and it’s disconcerting.
If you look at the history of insurance reform in Florida, it the Democrats that have been blocking it. That's because lawyers tend to be Democrats who want to keep the current system that promotes lawsuits.
They did do something, the bill they passed has some flaws in it, and any bill will take two or three years before you start to see any results. One of the flaws in the insurance bill that was passed was the 15 year replacement, it did not separate different roof types, while a shingle roof in Florida is good for about 15 years a metal roof is good for 30 years to 60 years or more so making people with metal roofs have to replace them to keep coverage was stupid considering the high cost of a superior metal roof. Also the bill hopefully will stop the majority of the insurance fraud that has been going on with the majority of it being roofs.
Unless this country makes laws enforcing Rent Control or Rent Stabilization with realistic prices , there is no way renting is a good idea . Anytime your landlord can raise your rent , and displace you . Also everything in the Landlords control . Aside from the terrible invasion or privacy and lack of quiet space for your family .
Yeah as a woman, it seemed like the landlord picked the cheapest labor they could find. Sometimes VERY creepy!
Rent control doesn’t work…. The free market would provide a much better value/product for the consumers. There has been much written on this topic.
Rent Control destroyed France once. It's a dumb idea.
💯
For decades the majority of people have been living beyond their means and now we are seeing what Buffet says "when the tide rolls out we see who is naked." I understand there are people through no fault (or at least some shared fault which is mostly the case) of their own but I have family members cry about money and I have seen them go on expensive foreign vacations, always eating out, driving large vehicles that they switch out every couple of years but then have nothing for the bad times.
I think the government needs to cut senior citizens a break on the property tax And then you have to pay capital gains tax. If you sell it's not fair. When you've worked all your life and you still never own your home outright
Thank you for waking up America.
Property taxes have doubled!!!
Black Rock, State Street and Vanguard also have been artificially driving prices through the roof.
Sad, 330 million people in the USA and the best we can do is Bidden or Trump. We are screwed!
Trump is amazing.
Trump 2024
NOBODY WANTS TO BE IN POLITICS,
Trump for life!! We could afford thing under Trump.
@@networth00I agree. Gas prices were $2.50 a gallon when Trump was in office. Look at where they're at under Biden. 😂
Warren Buffet bought a storage facility now called SROA. He raised the monthly price x2. Needless to say I canceled the rent.
Storage becomes a bad habit. Next thing you know, it’s 5-10 years to store stuff.
The rising cost of food is what's effecting the poorest of the poor the most. I'm running out of food, if I buy food, then I run out of toilet paper, soap, how am I supposed to pick from food or toilet paper, or blood pressure meds ?
The time to " pick" was 20 years ago... with more education, training, self employment. Its called getting and being prepared.
Get a portable bidet then don’t need toilet paper lol
@@dapperdan8085In a perfect world, nobody would struggle. To many variables.
If you don't buy food you won't need toilet paper.
Does anyone watch dose American CZcamsr families with very big families watch them when the do there grocery’s the help you save money according to them. 😤
SUNDAY GREETINGS MICHAEL AND LISSI 🌴🌄🌴
In Oregon we have the property taxes capped at no more than 3% increase per year. The state tried to pass some laws that not only removed the cap but also allowed the state to tax personal property. Thanks to social media people spread the word and it failed. I believe that it's extremely important to get involved in the small local elections and give good people the power to make decisions for you. We also voted for term limits for city council and mayor and the democrats and progressives in our city are super unhappy and angry. This was a couple of years ago, this year they put it on the ballot to extend the term limits, it failed. I'm 60 and never in my life would have thought that I would have to get involved in politics. But if regular people like me don't get involved, there're others who are going to look only after their own interests and will ultimately be in a position to tell YOU what time of day it is. Pay attention folks, vote for good people for school boards and city council....
the wosrt of it is food and energy is not included with inflation number from our government, the grocery stores and your power company know they're off the hood. so many are starving and on EBT and on utility assistance
RIP George Carlin who said "That's why they call it the American dream, Because you have to be asleep to believe it"
Damn, miss this guy
And lets not forget nightmares are dream too 😂
If a storm has a name the insurance company wont cover damages.
the cost of water is exactly like the reserve condo fees they are now extracting from owners. my water cost is increasing at an alarming rate even though i use less than 10 years ago. the utility is now saying the in ground piping is 80 years old and now needs replacing, for which they are going to raise rate to cover current astronomical replacement costs. just part of the inflation costs they are piling on us. i gotta get to a farm with a well and garden and a way to live again.
$20,000 just to own the house, this is crazy. That's what a house costs in some countries. The price of a car every year.
It’s so crazy to see you walking around Corte Madera such an expensive area but everyone has dead ugly grass
That is because water is very expensive in CA and we have a finite amount of water... most if it goes to the Central Valley for 80% of the veggies American eat. 1 almond takes 1 1/2 gallons of water to make and we have crap tons of groves in the centeral valley that cooperations are getting rich off of. They should not be allowed to grow almonds in CA period.
Hi! I hope I didn’t appear to be bragging when I said I’d paid off everything. I worked hard to do that. I started paying extra $50 a month and when I felt I could it went to 100. Paid my house off 12 years early. Then I paid extra one bill at a time till they were all paid. Then I saved what I would have paid in bills till I really need to spend some. Consequently, I am able to afford something if I want it bad enough.
Flood insurance is a necessity because of hurricane insurance coverage is only good from the windows up and flood covers the windows down
They can’t afford the property taxes. It’s fuk up!
They justified this by saying basically every three years now all of the homes on the east side of Florida get flatted by a cat 4-5 hurricane ,then they have to pay out all those cars and homes.
So now the insurance companies are going “ok if you want to live here ,your gonna pay out the nose now 🎉”
Might as live in a RV and drive out of Florida every 6 months.
It is now impossible to get ANY insurance company to pay for ANYTHING unless you hire an attorney and threaten to sue them.
In the north east a lot of people don’t really count on the home oil to heat your house
Insurances and property taxex are losing more than groceries or anything. The majority of property tax goes to schools when the amount of students are decreasing. Renters vote for school levies and don't pay property taxes or house insurance.
Yes we do. It’s figured into the rent.
Renters do pay property tax and insurance, it's included in the rent.
Renters do pay insurance and taxes it is in their rent payments
The landlord does figure property taxes into the equation when determining the rent they charge so renters do pay the tax indirectly.
Love your style, keep rocking it!
definitely bot.. 52 likes in a 52 seconds
Read "the Great taking," and the "fourth turning" these will explain exactly why what is happening is happening.
My house is paid for.
Property taxes are killing me. Flat fees on my water bill ditto.
Back in the 70's everything was more balanced out with prices of Houses cost for gas food etc .. once technology came into the picture and people can press a button and make a
payment the greed took over. Rediculous .. .
A gallon of milk was $1.75 in 1975.
No thanks.
A gallon of gas $0.65...
But some years in the 1970s there were lines down the road. No thanks.
Keep your 2/1 1000sqft house too.
When you start a new job, you usually have to wait four weeks to get paid. Instant pay sounds like a good idea!
I am a nurse, and sadly there is another situation I have seen or heard of is elderly who now need assisted care or need to be in nursing homes and because of the high cost of these facilities, they may have to sell their homes to afford the cost. I have a friend whose dad died of dementia and the last year of his life had to be put in a memory care facility that cost 10k a month. Health statistics with the aging population is 1 in 3 will have dementia not including other health complications with chronic diseases. I don’t know if the elderly or family members will be prepared for these costs. Also, medical inflation has risen so much after COVID.
I live in California bought a nice van set it up like a home fully equipped, solar fridge freezer bathroom very comfortable on wheels and I live in the city drive my car to work during the day and sleep in my van at night and I’m keeping all that money for me. debt-free
Have fun bringing a chick “home”
I bought my 1965 single-wide mobile home in the 80s.
I tried to sell it a few times and ended up living in it after a breakup.
Yesterday, a renovated 2 bed/2 bath 1970s manufactured home was listed at $218k. Insane!
The land owners are in retirement age and could sell at any time.
Do not buy a mobile/manufactured home if the park looks run down. It means the original owner is long gone and the current owner doesn't care.
Fortunately for me the low cost of living in the park helped me to invest in an amazing retirement.
Land in CA is too valuable for mobile homes.
Certain Towns in NH, MHs in a park going for $200,000. Glad I own a 1/2 acre.
Come to Vancouver bc. Flipped through the real estate news. About Km from the city of Vancouver east a 1970 mobile home 2 bedroom 1 bath 470.00.00 without lot fee. My heart just aches for any one that’s hurting housing wise.
Not all baby boomers are well off. The early baby boomers raised there there kids basically until entering high school plus people had more kids bag then and lived on one income.
But I know it’s much harder today just to make ends meet.
Lately I've been seeing more Uhauls than normal at the condo complex near me. Sometimes 3 to 4 a day on weekends.
Condos are over!
🥵 Hot time of the year to move too…
@@jkmarshall3553but where too?
I don’t think most of us will be getting through this!
Many people live on the edge of what they can afford
Very vulnerable to fluctuations
inflation is averaging closer to 7.3% in RL. Average median salary increase is 1.43%. This is the problem.
The rate of inflation may have slowed, but things are at least 30% higher than they were 4-5 years ago. And they're not coming down. All the government stats are nothing but bull💩.
"The True Rate of Unemployment (TRU) Out of the Population, as defined by LISEP, measures the percentage of the whole U.S. population that is functionally unemployed.
Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment Out of the Population tracks the percentage of the U.S. population (age 16 and older) that does not have a full-time job (35+ hours a week), or has a part-time job but wants more hours, and does not earn a living wage, which is conservatively pegged at $25,000 annually before taxes.
True Rate of Unemployment Out of the Population vs. Headline Rate of Unemployment
True Rate 52.3%
Headline Rate 39.8%"
Medical bills is hurting the elderly also.