100's of THOUSANDS EVICTIONS HAPPENING RIGHT NOW!

According to evictionlab just over the past 12 months alone, we have seen 83,000 tenants kicked out on the street and evicted and over 1 million eviction filings during the same time.. Here's the kicker, that's only across 34 cities and 10 states that they track. So this only accounts for roughly 1/5 of the potential eviction, filings and people losing their homes as we speak. I wonder what kind of effect this is going to have on the economy and the housing market...
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#realestate #housingmarket #homeprices #housingmarketcrash
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[@MichaelBordenaro]

They Want YOU IN DEBT FOREVER! kzbin.info/www/bejne/fX6xaZmIfKh7d5I

[@edge918]

Michael, the state of our country is so lopsided. So many hard working folks can't afford the cost of living. Affordable housing is a must not an option.

[@MichaelBordenaro]

@@edge918 you’re right Laura

[@edge918]

@@MichaelBordenaro it's very cool when young folks get on the path to be debt free and stuff, but the cost of consumer goods and services is not sustainable anymore unless you're a batrillionaire. The millionaires are basically the middle class now. It's not going to get better. Very scary.

[@nowpresenting1]

@@edge918 Biden says everything is great. Stop complaining.

[@edge918]

@@nowpresenting1 uh oh is it snowing?

[@JamesWilliam-bz1nm]

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.

[@SmithJones-yx1ut]

You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@VictoriaWood-uc6mp]

Do you mind sharing info of the adviser who assisted you?

[@SmithJones-yx1ut]

'Tenley Megan Amerson' 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.

[@Driponics]

I’m a mail carrier and I can honestly tell you a lot of people been losing their homes since last year.

[@maddierosemusic]

Do you mind saying what general area you serve-, and it is a city, town, or rural area?

[@Driponics]

@@maddierosemusic NE Ohio

[@mr.elastomeric1787]

@@Driponics Is that where the train derailed?

[@Minienthusiast]

Just lost my home last week. Living in an apartment now. Had my home for 4 months

[@brianborkowski5977]

​@@Minienthusiast why did you lose your home?

[@Zilron38]

If people work full time and can't afford rent and become homeless, how are they supposed to get back on their feet? They're already on their feet. Get a better job? Who's going to do their job, wealthy people?? If an essential low income job doesn't pay enough to cover housing, then it is a serious economic problem.

[@user-mw2dj4fm6d]

You're correct.

[@kagg.1381]

I hope be my 80 year old parents can afford the rest of their lives. some years ago it was a no brainer and they were fine.

[@typeorulz]

​@@kagg.1381Word. My siblings and I always prayed our parents would get out of this world OK, and they did. They lived humbly. Thank the Lord they are out of all this.

[@JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

[@ThePerimeters]

There was never a way to avoid that once a President was elected. Eventually, they selected one that said yes.

[@eshoo8000]

Can you explain to me why average American citizen would never stop spending ? Who’s controlling that part ? Are you blaming the government for that too?

[@koolkitties8552]

The govt. is 34 trillion in debt.​@@eshoo8000

[@ShinkuGouki]

It is happening right before our eyes. RIP Thomas Jefferson 🙏🏻

[@cmasters007]

Private Banks like the Federal Reserve Bank ?

[@frankiebflat5728]

The prices are up everywhere, but the income is going nowhere

[@dertythegrower]

Because people are getting multiple people working per home to pay for the upcost

[@dertythegrower]

migrant taking low pay, and working three and four people fulltime per 3 and 4 bedroom home in the southern states.. been that way in miami, a while

[@keyisersoze]

PRICES ARE UP BUT INCOME IS GOING NOWHERE This religion is called the Efficient-Market Hypothesis, a financial economics hypothesis that states asset prices reflect all available information. It’s more popular than Christianity and Islam combined.

[@darylyost7273]

​@@dertythegrowerso inviting millions of migrants is a good thing! 😢😮😅😊

[@kingscairn]

Thats how inflation works - it's the printing of money due to Govt spending and Federal Reserve's enabling it - debasing the dollar because democrats like > FREE STUFF < well , IT AINT FREE - youre paying for it now

[@MaxItUpwithMarta]

You never really own your property. Taxes are horrible.

[@peter-pg5yc]

Bro needed a roof 40k.. he got divorced she bought home. thats scary..landlord 4k for a weekend tankless replacement.

[@JBoy340a]

If you want services like street maintenance, fire, and police, you have to pay for them.

[@Tetelestai-cw8qy]

A direct unapportioned tax is unconstitutional. The entire money and tax system is about control.

[@sandrajohnson2832]

Sorry to hear about the 40,000. roof..Was it a tile roof? 😩

[@nathanielcarter5269]

No on buying a new EV. I cant even afford any new car. In fact, anything over 10k is too much for me right now.😅

[@peter-pg5yc]

I buy used for me My rolla is 21 years old now. looks new..bulletproof. no range anxiety at all.. No bricking. Not fast but i dont care there are speed laws and i can keep up

[@Uncle-Basil]

Buy a good used car from an auction if you can....

[@user-nd2jq6cs6y]

Most people don't have 1k...or even 300 in the bank for an emergency

[@R.I.F.T.]

Most people I know make $120,000+ annually. Rising costs are delaying retirement dates and many want to sell their homes to use their equity to buy a smaller home cash. Personally, my bills have risen $700 per month since 2021. My coworkers with larger homes and families have had bills rise by $2,000+ per month. I listen to Peter Schiff and this channel's advice so I bought a small mobile home a few years ago. I budgeted for a quarter of what I make annually. I'm eating the rising costs by working more overtime and buying store brands so far. I stay in a mobile home park. My coworkers thought I was either crazy or had bad credit budgeting for so little two years ago but they're all downsizing now. Most used to buy a new car every year or 2. Many have since traded down or bought older used vehicles. I still wear shirts from 5 to 10 years ago. I've found being cheap the best way forward. Even when I made a quarter of what I do now, I got a roommate to stay budgeted for much less. Now is the worst I've seen because the rise in monthly expenses is what a weekly check once was. After tax that's near what the average weekly check is locally. It's like watching the water levels slowly rise and many in my area are finding themselves underwater.

[@emcwealth]

2900 a month and isn't too bad should never be in same sentence... that's really high and higher than that is just plain ridiculous... ppl have become desensitized to the sky high prices and don't even realize how crazy high it is anymore... sigh...

[@misternobody9801]

It’s California so yeah that is dirt cheap. 2 kids working at McDonalds could easily live comfortably splitting a $2,900 rent with their combined $80k income.

[@emcwealth]

@@misternobody9801 $80k a year in cali, take home is around $4,967 a month... comfortable is not 58% of their income for rent... that is insane... and not sustainable... like I said... ppl have become desensitized to these crazy high prices... it's common... but not ok...

[@jefff8130]

I totally agree. No way I could pay that by myself

[@solomonstewart1025]

It means that devaluation of the dollar is more acute in California.

[@gregorylyon1004]

It really depends on what your actual income is

[@debolt4796]

We need more parking lots with a crapper since most of us will be living in our cars.

[@peter-pg5yc]

Its already happening, see videos and stories

[@zachlafond2652]

And public showers. At least we'll be clean homeless.

[@jessies6502]

Dry camping toilet. And a gym membership for showers.

[@sts242]

This should not be happening in the USA. Don't even get me started on the medical system.

[@guzmancharles7]

Ilegales have more rights than the U.S., Citizens.

[@seaneendelong8065]

This is basic economics and social contacts in action, not some evil making victims who otherwise would be fine. You rent you are loaned shelter as long as terms are met and paid for. His example is him trying to game the basic economic reality and making them vulnerable to others blackmailing him. If YOU are in compliance and a health and safety problem isn't resolved govt has reporting options. Sales break leases, always will, and every renter knows this. It is the trade off of lower cost than ownership. Nobody is owed anything that takes SOMEONE ELSE'S LABOR OR VALUE TO PROVIDE. PERIOD. Get over it.

[@cjhoward409]

Had an MRI… got the bill… $6,000 !!!

[@cjhoward409]

@@seaneendelong8065 I guess you’ve never had anything bad happen to you. But you will. Nobody goes thru this life unscathed!

[@MikeLockheart]

Some poor old guy in my local news was on yesterday, He was getting evicted and was so distressed he poured gasoline on himself and the floor and light it on fire, the cop even got light on fire, but the cop survived, he died. WOW. Evections are a hard thing.

[@MichaelBordenaro]

Geez.. that’s terrible

[@i_heart_dollhouses7327]

How terribly sad.

[@ConnerKirk433]

It's on Police Activity I saw it 😮

[@JFEnterprize]

See now that’s just horrendously sad 😢. But he’s proof of how F’d our system is for aid and help that that was the best thing for him to do 😢. Gonna be a war here soon. Might be social class,racial, or be against newcomers. 🤷‍♂️ but soon something g is gonna break and the shtf is off to the races 😮

[@Norm475]

I saw a guy on the news from Canada, and he was going to be evicted so he asked the government for help because he was afraid of living on the streets. They refused, but they did offer to kill him if he was afraid of being homeless.

[@RandytheTraveler]

Michael they were not able to evict bc of COVID. People were gonna free ride. They weren't paying rent or paying almost nothing. Trying to rip off the landlords now it's all coming to roost.

[@Bubba-wx7lp]

That's what he said at start.

[@FelixTheCat69]

Totally agree. They should evict anyone who gamed the system without an ounce of care for the landlords who continued to have to pay the mortgages and fix things. They have proven that there are no such thing as property rights in America anymore. I can't believe people still want to be landlords after that taste of things to come.

[@mikythesaint6507]

@@FelixTheCat69 that's the point they don't want small landlords 😞

[@mr.elastomeric1787]

What's the time frame for an eviction on not paying property taxes?

[@FelixTheCat69]

@@mikythesaint6507 Well hell. Now it makes sense. Farging ice holes. Bastages. Thanks for clueing me in

[@johnnyx9892]

You can keep Florida my friend. So glad I didn't move there a few years ago as I intended to.

[@MichaelBordenaro]

I’m sure everybody who can barely afford to live here now. Will be happy to hear that lol.

[@commonsense6967]

Well, no loss. We definitely do not need more people moving here!

[@danettewelborn5577]

Yep, it's bad. I rather live in my hell hole here.

[@jkmarshall3553]

Thank you for not moving here... the last thing we need down here is more people.

[@gregorylyon1004]

I don't recommend anybody move to Florida. Not unless your a MULTI MILLIONAIRE. MULTI MILLIONAIRE

[@Nikkisweeets]

My neighbor just bought a new truck and it was 96K!!! 👀🤦🏻‍♀️ Holy Shitttt! “He said well thats what they cost now” it has air conditioned seats, steering wheel etc. its wild out here in the matrix 2024

[@typeorulz]

Crazy.

[@johnjaco5544]

The grid can't even handle the electric load now.Cali,has brown outs when people use their air conditioning in the summer.

[@wildbikerbill6530]

And Cali voted not to long ago to shut down their one remaining nuclear power plant. This is my #1 Reason why I think EV is a scam. It's estimated converting to all EV will require the addition of 3x current electric generation capacity, so we wind up with a total of 4x current output. If our Elites are really serious about EV, we should be building new generation plants like there is no tomorrow, but we're not.

[@peter-pg5yc]

Pg&e every month has a deal use less energy and i get a lower something. I laugh small place and retired how low can i go.

[@boondoggle4820]

This is a big reason why I moved. I just got tired of the landlord and tenant relationship as a tenant. Furthermore, I began to feel like renting means that you’re essentially homeless and you’re subject to the whims of the landlord.

[@peter-pg5yc]

But you get to save and invest more. thats what i did..

[@JFEnterprize]

People are gonna have to shack it up in a 3 bedrm with 3 families to survive. Gonna test the friendship bonds for sure. 🥳🎉😂❤

[@timboc105]

Yup the Mexican family's with 8 family members knows how to do it.😂

[@puravida5683]

Speaking of EVs. They don't come with cigarette lighters. They are cigarette lighters!

[@MichaelBordenaro]

😆

[@mikemyers1721]

Excellent comment!!

[@guzmancharles7]

My wife call EV’S laptop on wheels.

[@wildbikerbill6530]

1. It helps to know, Emergency Responders hate EV's! Nobody wants to get electrocuted rescuing you. 2. Even if visually OK, you can still have problems - the big batteries don't deal well with the large shocks of an accident. The odds of an eventual battery fire just went up. 3. People who live in houses have heavy duty electrical service installed and can charge overnight. This is obviously not an option for renters. With gas/diesel it takes just a few minutes to fill up. Who wants to deal with it taking hours out of their day to charge up? 4. Check your homeowners insurance - they may not like you parking the EV in the garage. Insurers are allergic to the possibility of a battery fire burning down the house. 5. Range anxiety is still a thing. At minimum, I travel hundreds of miles to visit family. For many family members, it is thousands. I like having my own car so I'm not dependent on relatives for transport. And it makes leaving easier as well - nobody has to drive you to the airport. Dealing with all those hours of charging, coming and going? Nope, that's not happening.

[@Whistler326]

lithuim batteries will be the next global disaster....ecologically NOT GREEN like govts promote!!!

[@gertrudewest4535]

The rents are too damn high. My coworkers and I work 6 days a week for decent wages for Tucson. But housing is up over 200%. Our wages didn’t go up that much. I camp.

[@georgesitgraves8474]

Why don't you buy instead of renting.

[@fazdoll]

No one-car household should make that one car an EV. Range anxiety, winter-freezups, being totaled by a fender-bender... you run into one little problem and suddenly you have no transport. Single people can't risk it.

[@jkmarshall3553]

Good luck going anywhere during or after a hurricane in Florida in an EV... no electric, no ride.

[@blackworldtraveler3711]

Actually it would be perfect for me since I don’t need to work and car is in garage. Only issues I have with them is price,insurance,and vampire drain since I don’t drive that much. Filling my tank once or twice a year currently.

[@mr.elastomeric1787]

@@jkmarshall3553 After Wilma my only form of transportation was my son's bike. NO electric NO GAS!!

[@Tokenomics1]

I got rear ended while driving our ev. The gas car that hit us, a Mazda had a football size hole in the front bumper and grill. My ev required the gas cars paint cleaned off and 2 square inches of touch up paint.

[@Tokenomics1]

​@@jkmarshall3553if electricity is out then the gas station pumps won't work.

[@Cheryl_55]

I live in Alabama….i moved into my apartment on Monday while the sheriff was handing out eviction letters the same day and he had a hand full of eviction notes too

[@gregorylyon1004]

That's good news. No pay no stay. LOL

[@BruceLee-xn3nn]

What part of Bama?

[@markcurranjr7366]

I lost my last apartment 10 years ago. Been sleeping outdoors in my truck since then. I became disabled in 2014 and havent been able to get hired in any job that will pay the rent. Considering buying some land in the boonies or I could just move to Mexico or Thailand. The USA is way overpriced.

[@johncronin5311]

Your not going to just up and move to a foriegn country, there are massive hoops to jump threw

[@markcurranjr7366]

@johncronin5311 I have no idea what you mean. What hoops? I have traveled all over the world in my time on earth, there are many places I can live. I'd rather be in Bangkok in a $300 apartment than sleeping on the side of the road in my truck. As far as visas I know what I can and can't do in the countries I would choose. As far as legalities here I also know what I can do. So.what exactly are you talking about?

[@Gmac_Greg_M]

Evictions should boom after Desantis new squatter bill takes effect. And rightfully so. Wife and I are deciding to move into our rental house(not renewing lease with tenants as they took advantage of us) and our condo HOA is getting insane. Odd thing is the condos in our tower is still going up in price even with a 110% increase in HOA fees since 2021. So we’re listing it this month and decided we’re done with HOA’s and our tenant.

[@youwillneverknow1]

NO HOAs sounds like a great decision. Bravo to you and your wife sir, bravo!

[@mohamedjaber4286]

The rich and wealthy pee on us and media tells us it's raining.

[@vegas6908]

More like bad choices and too much blaming others.

[@spaceindian3769]

And the Federal reserve is your friend😢​@@vegas6908

[@ashishpatel350]

you are peeing on yourself and blaming the rich because of your own decisions

[@daMillenialTrucker]

@@vegas6908 shitty economy doesnt help bud

[@melvinfisher643]

I’m tired of hearing excuses. I’m tired of people blaming inflation instead of their own bad financial decisions.

[@FDLrick]

What the hell did they expect when you don't pay.

[@oaxaca1948]

exactly, we all get evicted if we don't pay. can't live for free.

[@annberlin5811]

​@@oaxaca1948its not good for family moral either

[@mysterybuyer3738]

They should not have to pay. Should be a basic human right.

[@SmartAfrican_]

@@Tater-Skinz Some water is free. You can ask for a cup of water from public fast food places or coffee shops.

[@niurkaguzman48]

@@mysterybuyer3738 build your own home then🤔 you also want some one to build it for you for free?

[@strangeraver6043]

"America, Baby......its over" ---- Klaus Schwab

[@fredk9999]

Thank you to our host for this walk-around outdoor presentation. Always appreciate your research and graphics and narrative

[@MichaelBordenaro]

My pleasure thanks for watching!

[@teresaalford5978]

I went to a Fry's Grocery last night, with on on site charging station, 2 were only working with 3 cars waiting in line, NOPE I'LL PASS!

[@AR-rn8ok]

That’s why you’d need to use a tesla. Their stations are working 99% of the time. Also most people don’t use 350 miles a day. So most people just charge while they sleep at home and wake up with a full tank when it’s time to go. Maybe won’t work for apartments. But for most homeowners should work fine.

[@mr.foxwiz1653]

No problem with Tesla chargers. Best to research

[@kagg.1381]

People camp in FL, too. Nowhere else to go after Daytona Sheriff is dime with you. Thank you, DeSantis for telling all of the lovely people of the world how free FL IS and to move here so you could get votes. You ruined many people lives and your wife is your cousin.

[@pinschrunner]

Michael just got 20 minutes of sun 🌞🌞🌞and walking exercise while bringing the eviction news!

[@divergentone7491]

The big problem with EV's is that anything that runs on a battery is disposable.

[@Spaethon]

People like to argue with me saying that with EVs, you don't have to change fluids, belts, and other auxiliary parts. Me: yeah but, just like your smartphone, batteries don't last forever. And a new battery will set you back $20,000+. Will you buy a new battery when your EV is 10 years old and worth only $10k?

[@gteixeira]

So does your gas car, it also has a battery and a ton of electronics that will go bad in 5 to 10 years and you will have to throw the car away. It is not anything specific of EVs, the whole car industry just makes disposable cars today.

[@gteixeira]

​@@SpaethonOnly the dealers charge such an extortionate amount. Any shop can rebuild for 5k USD or so, provided they have the tools and are willing to take the project. It goes the same when you rebuild the engine or transmission of your car. The dealer will ask 20k USD, but a shop can fix the issue for a fraction of the cost.

[@calikidd80]

Why do right wingers love to live in the stone ages and refuse change so much? EV's ARE the future weather you like it or not. I remember when cell phones first came out. So many people saying they would never own one, LOL. How did that work out? Did you resist the microwave oven and cable tv as well? I'll bet your great grandparents were the ones saying they would never get rid of their candles and kerosene lanterns and were resisting electricity and in home plumbing.

[@andrewdonohue1853]

@@gteixeira i seriously doubt too many private shops are going to want to touch that thing..... at all. they dont really want to play with high voltage/ high current battery cells. ICE cars generally dont short out and burn down your building, possibly killing you in the process.

[@brian-te4xs]

Never buy an EV ! That should be on my gravestone.

[@austinc8176]

Why not? For the price of a new F150, you could buy a used Chevy Bolt, a used Tundra, and a used Goldwing

[@brian-te4xs]

I just do not like electric. For some people it works and they like them. I do live in Southern California and in practically/reality the state does not have the electric grid to support its current system without electric vehicles. People think it’s bad now.

[@SleepyNeo]

Same story here.. wife rented the same place for 9 years. I moved in around year 7. I notice issues with mold and water damage in the bathroom. I notified the landlord thinking it was the right thing to do so he could repair his property. They didn’t renew our rental agreement and put us an a month-to-month. Gave us 7 months to move out due to selling the condo. Turns out they made repairs and still rent the unit.

[@alycat9186]

You are better off not living somewhere with mold. The health issues after long-term exposure is not fun. Consider it a blessing.

[@SleepyNeo]

@@alycat9186 agree 💯

[@debbiec6216]

I agree with you Michael , I don't like moving a lot and I don't like feeling force to buy an "EV" . Driving an Expensive EV doesn't impress me at all. I rather live practical and I'm NOT keeping up with No Joneses. ! The neighbor's next door lives like the Joneses!!! Pass!!! *NO, I will NOT buy an "EV"*

[@dedriannehartgers629]

Unfortunately, every one has to pay...no matter the story. The prices are outrageous...and the jobs can't pay the amount to make it possible to rent unless you have multiple people in the house. My thought is...government wanted it this way. "You will own nothing and be happy"...

[@edlawn5481]

And Eat Ze Bugs!

[@stephengeorge3507]

THE DEMOCRAT GOVERNMENT WANTS IT THIS WAY

[@InsideLookingOut1]

Dem or Repub.. they* wanted it this way indeed

[@FordManiac76]

Majority of people bring home less than 4K a month!! If you are paying 2900 a month rent you are using 3/4 of your income to service rental costs!! Crazy Scary

[@hvaball150]

You won't qualify for the rent at $4000. So this won't happen in the real world.

[@musashi4856]

Never get comfortable in a rental property. 🏠

[@sharonstone-bh1zp]

No to an electric car.

[@victorsong8416]

You may not be aware, that EVs not only have a higher ins. premium, but their resale value has cratered. So if you got an EV for MSRP or even below MSRP but on installment, and you want to sell 2-3 years after, you will be upside down, you'll owe MORE than the EVs market/trade-in price. This is today's REALITY and FACT. With EVs (if you really want it) the current way to go is leasing. I'm not even going into in detail the other pesky problems such as reliability(!), range, charging time, charging anxiety (on a longer trip), convenient charging network (lack of), charging cost - other than at home; lack of charging ability in condos and apartments' garages and on the street; the EV fires; wearing out tires and brakes (due to the high weight); possible restriction on charging or on the car's usage due to electricity shortage (CA brownouts, rolling blackouts); house insurance issues if parked inside the house's garage (fire hazard) - this is new, and is just evolving. And this is still not all - there IS MORE...

[@peter-pg5yc]

wow you are well informed kudos to you.

[@RG-hf4et]

Very well informed. Thanks for your comment!

[@tishr9670]

Thxs for this run down

[@tizzx4945]

Renting imstead of buying can be a good way to save money in some cases, but when the chemisrty between the landlord and the tenant doesn't match it just sucks!

[@jasonsaenz2367]

It’s a business relationship not a romantic one.

[@BruceLee-xn3nn]

Guess you don't have the right equipment

[@peter-pg5yc]

I take care of building and landlords home.great relationship

[@sergiolandz6056]

where i live its more expensive to rent than buy a house

[@sergiolandz6056]

@@jasonsaenz2367 we can all be human towards each other, my landlord dont need to look at me like im its personal expense wallet. Having a good relationship with people is always better than the business relationship, a business relationship is fake as it gets because both sides value only one thing and that is money, something that we dont need but have been condition to make it our god, were the dumbest species on earth at the moment.

[@janethill4365]

The point to home ownership is to pay it off! Buy a modest home with designs on paying it off. Eventually you have no mortgage or rent.

[@DIVISIONINCISION]

If the mortgage rate is low (1-3%) it is better to hold on to liquidity as inflation will lower the amount owed. I won't pay off my house, even though I have the money as it is in other investments which pay high interest.

[@kolbpilot]

But one truly never owns it. Tax on it is for as long as you are alive.

[@gregorylyon1004]

I bought a crappy old farm house because nobody wanted it. I got it cheap . I have dumped around $10K dollars into it over the years. But guess what, I paid it off in 7 years flat. And 16 years later I am not sorry for buying it.

[@orbitalair2103]

@@kolbpilot some locales do not tax retirees. we need more of that.

[@InsideLookingOut1]

​@@orbitalair2103​ once it's paid off it should be just that. No more taxing me on something I paid off. Our government is the Mafia.. that wants us paying til we die !

[@TinCupChalice40]

HELL NO! I WILL NEVER BUY A EV.

[@MrCPPG]

I will keep my gas truck going till I die.

[@blackworldtraveler3711]

@@MrCPPG I remember guys in Oklahoma saying that about not buying Japanese pickup trucks in the 80s

[@davidtwister6936]

They will stop selling gas and make us drive EV's. It's coming.

[@nonamebrojones5545]

Who cares??

[@davidtwister6936]

What will you do when they stop selling gas?

[@paulmcclelland5578]

Always was being told to never pay off your mortgage for various reasons. We have paid off our mortgage, car loans, credit cards, children's college educations, and have miniscule debt. So my point is, staying out of debt has kept us from any disasterous financial positions. None-the-less, we are now retired and don't need to invest in any financial avenues. It is nice to feel financially secure.

[@azbob1951]

1970's-1991, Michael, when, as a business owner, making a great deal of money. I bought new cars: Riviera, Seville, Jeep Cherokee, BMW's 5 & 7 series, Mercedes, and Lamborghini. But unless you have that kind of money, say $40-grand a month, it's just plain stupid to purchase a new car. However I DO WISH I'd kept my loaded, it even had leather seats, 1975 AMC Pacer Wagon.

[@mulatto2776]

All vehicle sales are down currently, not just EV sales.

[@chrissharkey9644]

You shouldn’t have to pay more taxes on property value if the value goes down!

[@gregorylyon1004]

They want your property tax money to pay the lifetime free ride pensions for state workers.

[@peter-pg5yc]

it depends on how your town does its rating. they can change the % of tax rate. or the basis. cousin it doubled in 1 year

[@kagg.1381]

WTF Welcome to Florida! This is how we roll!

[@johnlibonati7807]

Mine went down last year. We got hit by a hurricane in 2022.

[@hvaball150]

Why? The values are just a relative way to proportion the tax. The things the tax buys didn't necessarily go down in price.

[@junestar2276]

I don't understand what Michael is talking about. I live in a Chicago suburb I do not see evictions. Yesterday I returned from Miami was there for a week and a half. I stayed in Doral, there are no HOMES for sale. I checked other areas in Miami area and the same no homes for sale. Only new construction townhomes. I went to 7 malls in Miami area including the Brickell they are all BOOMING with consumers and people shopping, eating at most crowded restaurants. All I see is people living life spending and shopping here in Chicagoland and Florida. Stop with the fear mongering already.

[@user-nd2jq6cs6y]

Lol wow are u in a bubble or just gaslighting. I see homelessness everywhere I go and getting worse, I see closed up stores n buildings everywhere, I see flower sellers with depressed looks on their faces everywhere.....it's definitely getting much worse.

[@badams3489]

seeing your videos everyday after work is one of my favorite things. love what you do! keep it up!

[@mikemashburn155]

EV? No way, not even at price equity with a gas car. Closest I'd even consider would be a Toyota Hybrid.

[@peter-pg5yc]

prius was rated most reliable car period.

[@kurtfranklin2680]

Another great video. This is quickly becoming one of my favorite channels on KZbin. This kind of information is exactly what they should be teaching in public high schools. But it’s the last thing they will teach because the last thing the government and the ruling class wants is for the average American to be, a savvy economist.

[@GingerKB]

A dealership owner told me it's really hard to find a bank that will finance used EV. Also, because of the torque and weight of EV, their tires need to be replaced often. He can't sell the EV on his lot.

[@alexanderf4152]

Michael, thank you for all of your Videos, they make a difference!! Alex

[@MichaelBordenaro]

My pleasure!

[@rorycalhoun1126]

F.J.B.

[@s99614]

Dimentia Joe.

[@tooch1180]

Double FJB

[@Kathy-ki8jw]

I have noticed 2 in my neighborhood this past month

[@peter-pg5yc]

My neighborhood has loads of electrics..

[@thomburleson7661]

Gee, I wonder how much money the Oregon Public Utility Commission people were paid under the table by the purveyors of utilities?

[@coastdweller69]

EVs are laptops on wheels with nothing but issues and very specific planned obsolescence

[@orbitalair2103]

my coworkers update their teslas software like every 3 days...... i dont get it.

[@xro1983]

Yeah but gas isn’t gonna last forever. Eventually we’re gonna run out of oil and EV’s are all we’re gonna have. They aren’t too reliable right now but we have to start somewhere.

[@benton-benton]

That's a great way to say it! It's true.

[@Alex-jx5bx]

More like golf carts

[@coastdweller69]

@@xro1983 no

[@stanmarcusgtv]

ICE vehicle prices are up dramatically to cover the BILLIONS in losses on EVs - so ICE buyers are paying for the EV folly. Same w/ insurance, EVs have raised the cost of everyone's insurance because they cost so much more to fix. Plus EVs burn through tires, JD Power stated that Rivian tires can last only 6000 miles. That tire dust means EVs pollute more than ICE vehicles. Also, EVs contribute NOTHING for road maintenance even though they cause more road wear because they weigh so much more.

[@DIVISIONINCISION]

My insurance hasn't gone up at all and I insure three vehicles through USAA.

[@fladave99]

sold my car with payments. bought a truck cash. insurance is $50. not participating in the madness. and i live in my rv paid in cash.

[@orbitalair2103]

Alabama has a EV tax on tags, i guess for the roads, which is only $200. so i expect my taxes to go down./s

[@KenBissell-oq2ns]

Exactly. EV’s pollute plenty in extraction of raw materials for battery, and when that same battery life is over. Plus, we’re providing China with cash as they own the mines in South America and Africa. You think China pays a living wage?

[@xro1983]

@@KenBissell-oq2nsyeah but oil is doing the same thing. And one day oil is gonna run out.

[@hilairetucker]

Here in Canada, multi unit rentals / housing corporations were getting first priority on eviction related cases over with after the pandemic. Plus there are staffing shortages to fulfill the eviction requests.

[@jackwilson3121]

This is what happens when you don't pay rent. Landlords can not provide free rent.

[@stephenlea5765]

Landlords are still paying property taxes and likely making mortgage payments themselves.

[@DanPittel]

The “Ant & Grasshopper!”

[@1000_Julys]

I’m going through this, now. Landlords are selling the condo I’ve rented in Jacksonville, FL for five years. They want to sell bc of the way the condo market is headed here in FL. It was one thing when I wanted to move on my terms, but now the script has flipped and I’m under pressure to find another rental in a shi**y market. I’m fortunate that they are working with me bc I have been a stellar tenant, but that only goes so far for me. Listing goes live May 1. I hope I can find an affordable SFH to rent and get moved before strangers walk through where I live. This market does not cater to single income households and Jacksonville has SO many dangerous neighborhoods. I’m ready to dig a hole and crawl in it.

[@TrueBeliever6491]

May need to consider temporarily living in an rv or van until something opens up. Wish you well and God bless 🙏🏻🙏🏻

[@DIVISIONINCISION]

Might be a time to leave Florida completely.

[@benton-benton]

Singles pay all the taxes and get the shaft in so many ways. I hope you find a good safe place to live that is not too expensive. I wish you good luck.

[@JohnSmith-cb5nk]

Life is up and downs ride out this storm … god bless you and be safe

[@kagg.1381]

Totally. I look At our ancestors. They really moved around a lot.

[@NilsVidstrand]

Great videos Michael. You are not “Doom & Gloom” at all!! You’re telling the facts and truth of the situations. People have such cognitive dissonance-it’s absurd how they don’t want to hear the truth, especially when you’re pouring your heart out to help us all! My question: why are there no people walking the streets around you? Completely empty and only a few on the beach. Wild! Thanks for the good research and videos man!

[@lorivalentine5846]

Hey, what happens when the next EMP hits the nation and all of a sudden your power grid goes off and all those EV cars just stop?

[@orbitalair2103]

stop telling the plebes the PLAN !!

[@deasvail99]

​@badinstinctsKZbin-xb3oj there was one in the 1800s, a natural phenomenon. The telegrams were completely fried. If it happens again millions will die.

[@lorivalentine5846]

@@badinstinctsKZbin-xb3oj phone wrote it wrong. Did the speaker. Lol!

[@lorivalentine5846]

@@orbitalair2103 oops

[@CFlandre]

Sorry to say, but if the EMP is that powerful, your gas car isn't starting up either. Goodbye electronic components...

[@arnocuban]

Michael, your videos are better and better! You are great. Thanks

[@Juliet875]

Thank You Michael and Happy Wednesday!

[@MichaelBordenaro]

Happy Wednesday, Juliet!

[@Studiovette]

It's about time! Pay up or get out!

[@user-op7xr1ug9h]

😮

[@stephengeorge3507]

THETE LIKE THESE PEOPLE THAT DONT WANT TO PAY THERE SCHOOL LOANS THEY SAY ,WORST OFENDERS ARE LAWYERS AND TEACHERS,AND THEY MAKE MORE THEN MOST,MOST PEOPLE TOOK THE LOANS,BOUGHT A CAR,COCAINE, WEED, SPRING BREAK EVERY YR,HAD A GOOD TIME NOW DON'T WANT TO PAY,AND IF YOU OWED THEM TWO DOLLARS THEY WILL BEE KNOCKING ON YOUR DOOR AT 2AM,CALLING YOU HUNDRED TIMES OVER FIVE DOLLARS,THERE ALL FULL OF SHIT

[@o_oo_o1812]

Eviction labs front page says 3.6 million filed evictions a year is normal…

[@ludovician]

You have been a delight to watch in regards to Florida real estate and insurance collapse. As always, thank you

[@kenwenzel9040]

I love the laid back conversation style of Michael. He is so informative. Thanks for the real estate stories.

[@glennbeadshaw727]

The alternative to renting is a nice family tent from Camping World and set yourself up in LA and get yourself into the business of tent renovations

[@brucesimpson8579]

Technically, "inflation" is an increase in the M2 money supply which inevitably leads to higher prices for the consumer.

[@deborahilyia1125]

You are unbelievably accurate and on target! I appreciate your analysis! Thank you!❤

[@larkatmic]

Excellent research my friend. Thank you so much. Beverly Hills business district is a shell of its former era self. It’s not coming back for a long long time I’m afraid.

[@jorgecintron9674]

Thanks to Tesla who were the only ones who had the cojones to drop the wildly inflated prices. Someone had to do it and now slowly but surely the rest of the OEM’s are finally dropping these ridiculous prices. I’m not talking about EV’s but vehicles in general. I mean who in their right mind paid $65k+ for a Kia!? Sadly there were many suckers out there. Not sorry!

[@shanejones809]

Tesla didn’t do it out of the goodness of their heart. They are losing market share and are being heavily undercut in the Chinese market by companies like BYD. They actually screwed their own customers as their used vehicle values dropped even more, putting more of them underwater.

[@MrCPPG]

The kicker is Kia's are ridiculously easy to steal. Tik tok has 'Kia Boyz' that post them stealing them.

[@DIVISIONINCISION]

The only people who buy KIA's are folks who can't afford quality cars. Poor man's Lexus.

[@shanejones809]

@@DIVISIONINCISION We put 265,000 miles on our first Kia with nothing other than regular maintenance along the way. Everyone thought it wouldn’t make it to 100,000. We are on our second one and very happy, sitting at 136,000 miles with no issues. Most cars are built well enough today to last a long time if you take proper care of them.

[@DIVISIONINCISION]

@@shanejones809 That's great that it's worked out for you. Still wouldn't buy a KIA.

[@TheAzurefang]

The system has failed. We are watching a car crash in slow motion, mouths agape. The government is years away at most from having total de facto ownership of every single asset nationwide. The question is: what the hell are they going to do with it all?

[@ThePerimeters]

You are my fav KZbinr. You love what you do and it shows with each installment of helpful info. Imagine how customers feel that paid a premium for a Tesla years ago.

[@MichaelBordenaro]

Thank you very much for saying that. Yes I really do love doing this. And I love my loyal audience as well.

[@dogburrito]

An interesting note on charging stations in corporate parking decks: Fire hazard Years ago these were located on the ground floor in multi story parking decks - probably because the electric line were easier and cheaper to access. A But a lithium fueled car fire is a big deal for fire companies' inability to access the fire in a closed space, neverminded extinguishing a self-oxidized fire. Such a file could damage that deck and many other cars (if not just stain them with soot). Now I see that all charging stations are located on the top of the decks in open-air places. I suppose that fire codes should be retroactively enforced to update old decks. Also, I wonder if all EV parking should be restricted to upper floors of the deck or in regular open-air lots.

[@leedrowlette2847]

Will never own one. They are total fire hazards. And I wonder how many burned homes, being in an attached garage?

[@peter-pg5yc]

There are fires now from electric bikes scooters skate boards etc. Its been in the news lately, where i read it.

[@SirCarlosMusicBMI]

🎉🎉🎉 Thank you Michael I’ve just got to say that I really don’t believe most statistics and some data. Everyone just wants to create their own situations to fit their needs (I think this makes sense) Anyways have a great evening my friend. Blessings, Carlos

[@JFEnterprize]

That’s the problem with it. Easily manipulated to show a different story. Look at inflation 😂🎉. See ya over at N. Nation 🥳👌🏻

[@HealthySelfing]

I would like to know these facts that are relevant as well. You made some really good points.

[@cardstockcollector]

Thank You!

[@xxviixxvii5585]

I like how you were practical on the lady’s skim off your rent 😅.

[@MichaelBordenaro]

Gotta do what you Gotta do to keep a good deal😄

[@commonsense6967]

Ik,r?!

[@walfredranda8321]

Closing on my real Florida home and moving in next week 😀SMPants so excited to be here Daytona Beach

[@MichaelBordenaro]

Good choice I like that area welcome!

[@thehappymommyguide4u]

Love this channel! Great info! Ty 🙏🙏🙏

[@rwdplz1]

If you can't charge an EV at home, it makes ZERO sense to buy one with the current state of the infrastructure, especially in cold climates.

[@jeholloway2]

All of these evictions are going to result in increased supply of vacant rentals, which should bring the price down.

[@s99614]

I certainly hope so!

[@henrydesousa2861]

I think the price on evs coming down is related to the massive depreciation that begins the moment it's driven off the lot. Because used they are money black holes and not widely practical. Where they are most useful (cities) is where there more difficulty with charging. Rural areas also very difficult charging infrastrcture and longer distances. It just makes no sense to forcing something like this other than a scam.

[@orbitalair2103]

Also consider those repairs. in my area, people have to have their teslas towed 99mi to Nashville to have them fixed. so your world saving EV has to be ferried on a big diesel truck 95 MORE miles than my gas car would to a shop for repair. sounds very green to me. not.

[@johanndork5364]

Thanks Michael, one of your best talks and some good advice. Nice clear sound too.

[@TheOverthetop15]

Absolutely love your videos! Keep ‘em comin

[@garysundell2332]

No EV for me Replacement batteries are very expensive and renters only have public charging stations which are efficient.

[@Norm475]

I sold my duplex a couple of years ago and I am now renting. Our complex just finished building over 100 new rental units and they all have charging ports in the garage.

[@wildbikerbill6530]

@@Norm475 That is the exception. Is this in California?

[@Norm475]

@@wildbikerbill6530No, WI

[@user-lh1ss1fp5q]

I will never own an EV car or truck under any circumstances.

[@MARILYNANDERSON88]

Informative, important and This dude is nice!

[@jamesschulziii9098]

Thank you kindly Michael 💯❤️

[@joemartin8888]

Always timing the Tesla talk terrifically

[@misternobody9801]

It’s about time they lifted that eviction ban. Kicking out deadbeat tenants is great for the economy and benefits all responsible citizens who actually pay their bills. This will open up more rental locations which will help reduce rents across the country.

[@SmartAfrican_]

Going to have to agree with this. I only feel bad for those tenants who lost their job and had a hard time trying to keep up with rent.

[@gregorylyon1004]

I thought that most states did lift the eviction moratorium??

[@389293912]

There are costs to shutting down the economy. Was it really warranted?

[@edlawn5481]

Meanwhile there was no moratorium for landlords, they still had to pay their mortgages for their rental properties.

[@djrickyb]

I agree. I do believe there needs to be stricter regulation in place limiting how much a tenant's rent can be raised every year. Also, a unit becoming available can't be priced at more than 10% higher than the previous tenant's rent or something along those lines to prevent land lords from not renewing a tenant's rent in order to get someone into the unit at a price way higher.

[@oliverrojas3185]

The explaining of lots of important information. Thanks

[@chrisgoeswest9882]

The idea of “sanctuary” cities started like 40 years ago. “Illegals” are not causing the problem of unaffordable rentals. The problem has been massive double digit percentage increases in rent since the pandemic paired with lackluster income gains as you hVe previously reported. Policy makers need to focus on this.

[@amyhudson1016]

This all comes back to personal debt. Just don’t get into credit cards and personal loans and you will weather these times

[@Someone-kg8qf]

I'm glad that I've always been legitimately afraid of being in any debt.

[@user-op7xr1ug9h]

None in my area

[@imyourhuckleberry8009]

I never thought I would have to but I just evicted some tenants who hadn't paid the rent for 4 months. It was not a good experience on either side, I am selling up and just building cheap, affordable housing, no more landlording for me. It will only get worse and if you don't have laws to protect your investment from this scenario, then sell up now because the stress is NOT worth it.

[@cmasters007]

Thanks Michael ! Free economic education. Lovin it !