Housing Market is UPSIDE DOWN! HOUSES SELLING FOR 50% OFF!

It's funny how everyone's number one concern with real estate today is when will interest rates go down. A lot of people are not even concerned about the price but beyond that somehow people think that if rates go down a point or two that they'll magically be able to afford a home and that is not the case. In fact if you cannot afford a house at today's prices and rates you can't afford a house!
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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]

IMF Issues STARK WARNING TO UNITED STATES! kzbin.info/www/bejne/qKecqZ-Hf8SBqK8

[@debbiec6216]

Michael you are such a funny guy , about lawnmows.

[@robertlaird6746]

It's crazy how fast your getting subscribers. You just passed the 100k mark a few weeks ago and now your at 160k

[@Ziggy_ig8gd]

After your last rant against student loans and subs you said don't watch you if I disagree or don't want to hear it. I've clicked unsubscribe and when your vid still popped up I clicked not interested. Yet here you are. Is google paying you to troll student borrowers? IDK but go away please.

[@theslugg]

@@Ziggy_ig8gd keep commenting. helps him more lmao

[@katiekat724]

Whiner. Just ignore the suggestion and it will go away eventually. So sorry you don't like to hear the truth.

[@ryanwilliams989]

I’m in Michingan and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[@maryHenokNft]

A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@hunter-bourke21]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

[@maggysterling33254]

@@hunter-bourke21 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?

[@hunter-bourke21]

The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@BiancaSherly-qt6sb]

My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.

[@Willy_Jean]

You can buy a "cheap" condo, but the HOA will be like $900 a month

[@Pallasathena-hv4kp]

We pay 300 USD a month to our HOA. They’ve been good to us, but I pray it stays low.

[@user-vy7nd5ss1h]

An an assessment that could bankrupt you when they want to put new siding on 🤣🤣

[@Juliet875]

A friend of mine just looked at a condo and the HOA was $1,700 a month. They since changed their mind on a Condo. Just Crazy!

[@mateobaysa2055]

That’s Florida for ya, the hoa capital of the United States 😂

[@danielj3010]

yes, and it will never decrease. no flexibility on that front.

[@StrategikMedia]

100k loss on a 1.4 million dollar house that people bought in the 90s for 100k is not a loss.

[@gregh7457]

agree, its just a lost opportunity to make more money

[@ThePerimeters]

exactly

[@McNelisG]

Exactly he’s just blowing everything out of proportion for views. A large portion of homes are goin up in value in SF. I actually live here and work with homes in San Francisco, unlike this ex real estate agent turned KZbinr guy speaking his biased opinion from Florida. He’s conflating the Florida market with California and it’s not the same market at all.

[@McNelisG]

@@gregh7457 not really the owners were probably retired and wanted to sell for a plethora of reasons. They likely just wanted to cash out, or downsize and the 100K probably didn’t make any difference to them. When you are old and your time is limited that money doesn’t make any difference for the most part. Especially when you’ve already received 10x on your initial investment.

[@johncorson6599]

True

[@booboolips6053]

It’s not the price of the house, it’s the insurance, taxes, HOA fees, and maintenance costs that can break you.

[@colleenpeck6347]

Also, mortgage insurance if you can't put down the 20%.

[@shamandalei9452]

It’s the greedy prices. That causes property taxes to skyrocket

[@LittleLadyDalia]

Those leaf blowers should be outlawed.

[@dandelioncorsage]

Interest rates are also a big factor in housing affordability no matter what Michael says

[@08turboSS]

Interest rates arent bad yet. 15-17% a 3-4 decades ago.

[@DavidPerez-oj2dv]

REAL ESTATE IN THIS COUNTRY IS OUT OF CONTROL

[@jasneskis]

It goes with inflation. Lower inflation. Housing prices don’t rise.

[@robertwalker-gc1ds]

Everything in this country is out of control

[@sole__doubt]

It should be called fake estate, its held up by illusions.

[@sole__doubt]

@@robertwalker-gc1ds Thats what happens when you allow women into positions of power. This is common sense in sane parts of the world.

[@joshuastebbing7408]

@@jasneskisthis isn’t even a little bit true tho?

[@jefferykeeper9034]

Remember something is only worth what some one is willing to pay.

[@TLC717]

I say this a lot but no one wants to hear it!

[@McNelisG]

Times have changed. You cant sell a house for less than it costs to build. Cost of labor and materials have gone up exponentially. Builders aren’t in business for charity, they have to make money or they won’t build. This would make house prices go up even more if builders stop building.

[@mosesmoua2012]

@@TLC717because people are willing to pay is why we are in this mess.

[@sole__doubt]

@@mosesmoua2012 We are in this mess because the middle class is all but gone. These days people are either flush with cash or broke, theres no in between.

[@blackworldtraveler3711]

@@McNelisG Times have changed for you. Either buy,rent,or move. There will always be buyers and sellers. Life goes on.

[@kekipikahele8643]

San Francisco real estate is a bust. The city is in shambles and looks and smells like a homeless shelter.

[@joseenoel8093]

I was there in '91, hated needing to use a washroom at a fast food restaurant they treated me like a homeless person.

[@stephet3683]

Only condos are down hard which brings the averages down. Single family homes aren’t really going down, especially in the Bay Area. Honestly it’s still going up past the peak during the pandemic.

[@strangeraver6043]

"if youre going to san francisco, be sure to wear some fentanyl in your hair"

[@CascadeEarthNW]

Market street is gross

[@debbiec6216]

Do you live there ? I know of people from youtube all traveled to California and other states, checking out the homeless .

[@kennethbrodnick6688]

Listen here...my parents purchased their house, the home I grew up in, for 24,999 in 1964 and sold it in 1989 for 219,999. You can't tell me that the cost of homes hasn't risen. They're astronomical. And they aren't worth what they're values at in any way whatsoever.

[@tonyjohnson7290]

And the drywall job in that house probably cost around $600.00 and took a total of 10 days for 2 contractors to hang tape and texture.... are you willing to work for $30.00 a day in today's economy? This is why homes cost so much now because that same hang tape and texture job costs about $12,000.00 today. And that's only 1 of 19 trades that make up a home being built - So as soon as everyone's ready to work for $30.00 a day again we can buy houses for 25k again - Not being rude but this is how inflation of our money supply has screwed us all.

[@PositiveMommaLife]

Tired of the government charging me a tax rate on how much drywall I owned. Dumped the house and taxes. Left the taxation plantation.

[@lrod312]

1964 was about 7 years before the 30 yr mortgage was introduced. And they went up astronomically *because* of the introduction of 30 yr mortgage. Also keep in mind that the average person was getting paid about $1.50 an hour back then. At $12/hr you would be living pretty comfortably especially when you consider that the dollar went further back then. So it must’ve taken your parents quite a bit of time to save up that much money assuming they earned a pretty decent wage for back then. Not to be rude or anything but it’s just fascinating that how inflation becomes this time capsule of how small changes year over year become huge differences over time.

[@peacefreedom4930]

The dollar has lost its value. You need $10 today to purchase the same amount as $1 in 1964. In other words the dollar has lost 90% of its value. $250,000 today is equivalent to the $25,000 your parents spent in 1964.

[@tonyjohnson7290]

@PositiveMommaLife I'm working on it too! - not sure where yet but there are great places to live outside the US where your dollars are treated with respect.

[@Jackjack1978.]

"If you can't afford to buy a house at today's interest rates then you really can't afford a house in the first place." Finally, someone who just says it how it is. There is a difference in being able to purchase a home and actually afford a home.

[@mohhingman]

Problem is your whole life could pass you by and that condition doesn’t improve

[@SummerSun-sg3wf]

Circumstances can easily change for people. The problem is liberal policies

[@blackworldtraveler3711]

Nothing new. I first heard that same quote in the 80s when mortgage rates were around 20%.

[@fit4ya1975]

7% is actually a normal interest rate. We were just spoiled for years with sub 6 interest rates.

[@Jackjack1978.]

@@fit4ya1975 Right, 3%(What I currently have on my $380,000 home) Is almost borrowing money for free..

[@PhilCraig-vx3up]

As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

[@Alexibawendi]

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

[@Alexibawendi]

Thanks to Mrs Maria Davis.

[@Alexibawendi]

She's a licensed broker here in the states

[@NickAnthony322]

YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

[@Alexibawendi]

She's always act~ive on Whats-App....🎉

[@fredgoch8251]

As an old man, I can say you sure speak sense.

[@katiekat724]

As old woman, I agree too.

[@rustynail3630]

As an even older guy, I agree

[@TruthbeforeTrust]

My brother sold his condo because his HOA fees doubled. Realized he would pay more in fees over 5 years than his loss on the sell. Crazy. This is Southern California.

[@PlasmaBurns]

These hard times have taught me to ration, set limits on my activities/spending. Now I only drink when im alone or with other people.

[@soni7949]

I had to think about that for a minute 🤣

[@joseenoel8093]

That's funny, hubby's team is Liverpool ⚽ at the sport's bar this aft, I was kind, didn't say "Remember the more you appear interested in the 💩 they 📢 say the more they'll like you".

[@Pallasathena-hv4kp]

😂

[@johnnyx9892]

As they say...I only drink on days that end in "Y"....

[@peppermintpatti5152]

😅

[@johnjaco5544]

Interest rates should be and hopefully higher than they are now.Were all sick and tired of the devaluation of the dollar.Things are not going to stabilize till the economy slows down.Pray for rate hikes.

[@bigd2256]

Yeah so the middle class gets crushed even further …yay high interest rates

[@eddenoy321]

I pray for more rate hikes because owning property is very expensive. I would rather live in an apartment and collect higher interest on Cds and treasuries.

[@censoredeveryday3320]

Rate hikes aren't going to fix anything. The government is spending too much money and making the inflation problem worse. They are spending 1 trillion every 90 days

[@Dave-PL]

The Message is simple for the people around the world. Just don't buy at the moment. Don't feed a scam companies 🤬

[@user-cp7zk9ll3n]

I was buying condos for $35 a foot in 2010-2011 in Melbourne and Vero beach. Now they are $350 a foot.. which is absolutely ridiculous. What goes up like a rocket always crashes like a rocket. I moved to Blowing rock nc and sold most of my properties in Florida and just rent now for $850 a month. After 60 years in Florida the heat and humidity finally was too much. Be patient and wait for prices to come down to earth. I bought at half replacement value so that’s a pretty safe metric.

[@RealLifeFinance]

I was buying homes in seattle suburbs for $100 a sq ft 2009-2012. Unfortunately sold most in 2018/2019 at $250 a sq ft prices just looked too good. Now they are $400 a sq ft. Seem outrageous

[@hectorrodriguez2686]

In large US cities, including Miami, properties are used to launder money. That is why prices go up.

[@SirReptitious]

Money laundering doesn't need to increase the price of anything to work. We've all seen businesses where we live that never seem to have more than one or two customers at a time, but usually none, and wonder how they stay in business year after year. They are likely businesses that were set up to launder money.

[@gregh7457]

thats one of many reasons

[@jasneskis]

People move to Fl, Texas, Tenn and some other states because these states are ncome tax free, crime controlled , no sanctuary cities, where tax payers pay to support illegals, lower crime, and on and on and on.

[@Coffeendonuts]

@@SirReptitious facts.

[@KayFabe87]

Your tin foil hat is a bit too tight.

[@gibbysgirls]

San Francisco has become unliveable with crime, drugs and homelessness. That is the reason for this unfortunately and does not reflect the rest of California or the nation for that matter.

[@mikesrandomvideos]

I dont agree....I live in CA.....Every city has 20 times the homeless population. I have video footage of all of it. in the last 20 years CA has totally gone to crap. The condo that sold was right in the middle of the crisis. plus every store is empty right there. Stores closing all over the state. I film it.

[@McNelisG]

Do you live here? Because many areas are not infested with crime. It depends where you are. Many areas do have crime but it’s certainly not all bad. Just like any other large city.

[@McNelisG]

@@mikesrandomvideos you are right on point, most of these people commenting don’t live here and have absolutely no idea what they are talking about. They just want to stoke the fire and complain acting like they know something.

[@the_derpler]

This is not true. This is just suburban boomer fear mongering. Most of the neighborhoods are insanely delightful.

[@gibbysgirls]

@@mikesrandomvideos Yes, I live in Southern California and I agree the whole state has gone to crap but I am referring to real estate. The Bay Area is a special kind of bad though and it isn’t just people getting the heck out it’s also businesses. Do you know the percentage of commercial real estate that is sitting empty there right now? It’s insane. Tiny pieces of property in SoCal are still selling for millions.

[@oneeleven9832]

Im in the uk i paid my mortgage off in 12 years while interest rates were low…rather than getting a bigger house..what a great decision that turned out to be 👍

[@SunofYork]

In 1983 I bought a brand new flat in da yookay.. It was 15k GBP. I got a 100% (no deposit) mortgage and it was cheaper than rent ! Now I live in a 100% paid for, bugger-off mansion in Wisconsin. 5 bedrooms, 2 acre garden, triple garage.. Annual > $1k insurance and $4.8k taxes

[@Jeannified]

Building a rustic log cabin on your own land seems like a good idea these days.

[@petersheenan4482]

Walden Pond baby. Sounds cool.

[@jgringo5516]

Always has. “They” got folks believing a mortgage is a wise investment. My parents and grandparents never had a mortgage. I did once. I sold, then built my own little pad out of pocket. Took me a bit over 5 years to finish. It’s nothing fancy. No debt though. Taxes suck. No way I could afford a mortgage now despite making six figures. Buy some land and build your own little house out of pocket as you go.

[@cydonia3167]

No one should feel lesser because they don't own a home. A lot of people don't actually own their home anyway, the bank does. For me personally, I absolutely have to have a level of privacy and freedom that renting just can't provide, but it definitely costs a lot more with maintenance and upkeep. Everyone needs to make their own decisions. Stop worrying about status symbols or what other people think of you. Do what works best for you!

[@AFriendofChristJesus]

If you think you own your home because you don't have a loan on it, try not paying your property taxes.

[@cydonia3167]

@@AFriendofChristJesus Wow, really? I had no idea! Thank you so much for the heads up!

[@Scorpio1060-]

@@AFriendofChristJesusIf you can’t pay taxes, you still own. Please tell us the advantage of renting and paying a strangers, mortgage and taxes, and how that will benefit you later in life.

[@AFriendofChristJesus]

​@@cydonia3167Your welcome.

[@AFriendofChristJesus]

​@@Scorpio1060-No.

[@arsartium108]

Wake me when prices return to 2019 values. Until then, everything remains overpriced. During lockdowns, work-from-home, and the AirBnb bubble, prices artificially skyrocketed in some areas and then spread, as every homeowner caught the fever, hoping to cash in. That's over, but sellers cling to the illusion. When they come back down to earth, prices will too.

[@tomka5714]

Inflation reset housing prices. We will never see 2019 type values again.

[@arsartium108]

​@@tomka5714 Really? What happened beginning in 2008 through 2011? We saw RE prices in the Bay Area of N. California reset to 1995 prices. Prices dropped everywhere, which is why so many people ended up underwater even when they hadn't taken out equity loans. You think that won't happen again when so few can even afford to pay current prices? The inflation was artificial and intentionally created, so it can be undone.

[@SpliffMeister3000]

​@tomka5714 there's no free lunches with the Gov ...theyre taking in all the inlfated taxes and loan fees they can...then the rug pull to keep.everyone down.

[@shaneapplegate1975]

No cash YOU CAN'T AFFORD IT😭

[@nogames8982]

I strongly agree that people put way too much emphasis on interest rates. It’s the price of the home that really matters. Yes interest rates do matter to some extent but it’s not the most important thing.

[@darlenesutton7248]

Exactly interest rate in 1979 10% A plus credit the homes were affordable 3 bedroom Pool 159,00 sprawling ranch

[@nogames8982]

@@darlenesutton7248 I bought my house in 2001 and the interest rate was in the mid-6%. but it was an affordable house. Couldn’t do it now.

[@Coffeendonuts]

The price difference on a 500k house with a 4.0 rate and a 7.5 rate is about 1200$. Rates matter

[@HannahHeavens-pe5xt]

What is?

[@Elplaceteno]

He's right. In 1988 when we bought our house (Miami Beach) the mortgage rate was 10.25%. And the payments were affordable by any working class person. So we're the taxes. With the yearly taxes of today, you could put a down payment on a house back then.

[@maryfischer8568]

Market Street in San Fran is a war zone now--all stores closed and homeless abound. So this condo sale is not a surprise.

[@marilynh5487]

Politicians allowed to happen on PURPOSE they devalue the land they do GENTRIFICATION and they have a lot of Rich crony friends from other countries to come in and buy it up. it happened in Miami. Watch that area in about 3 years. Watch how it rebound.

[@justinlowry6522]

Raleigh, North Carolina market is ruined. They're selling, but it's so over saturated with supply. Building subdivisions every square inch in the burbs around City. Raleigh will be next Austin.

[@steven4315]

I would expect a bunch of people who can no longer afford Florida.

[@maolo76]

Good time to buy there? I got a sister there😊

[@justinlowry6522]

@maolo76 i wouldn't buy here right now. Too much supply, the prices will definitely go down. Greed ruined a nice little area, now they're building a new subdivision every square inch they can and traffic is horrible

[@ld9044]

People just want, want, want.They think they deserve everything without waiting.

[@eddenoy321]

True .....very true

[@ThePerimeters]

or working for it which requires patience another human deficit disorder these days

[@masterofceremony3728]

just rent and wait it out with the high yield in savings wala

[@Falconlibrary]

What'd you say just a minute ago? They had to wait and save their money before they even thought of a decent home. Wait? Wait for what?! Until their children grow up and leave them? Until they're so old and broken-down that -- You know how long it takes a workin' man to save five thousand dollars? Just remember this, Mr. Potter, that this rabble you're talking about, they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn't think so. People were human beings to him, but to you, a warped, frustrated old man, they're cattle. Well, in my book he died a much richer man than you'll ever be.--George Bailey, "It's A Wonderful Life" Mr. Potter? That's you.

[@ld9044]

@Falconlibrary Your statement makes no sense. I understood the first part about you don't think you should have to wait. The rest is gibberish.

[@user-vy7nd5ss1h]

Yo MB, Im in Dallas and this place is doomed. Housing is completely gone off deep end. Property taxes on average digs are bonkers, ins $300-$400 month, Hoa $300 month, utilities are sky high and power grid on verge of imploding first heat wave we get. Crime is outta control. Traffic is horrendous. Shall I go on 🤣🤣. They nickname people of DFW the $35,000 a yr Millionaires that basically live on maxxed out Credit Cards. Its Comical to witness. ✌🏻🇺🇸

[@Pallasathena-hv4kp]

Great comment! I’m seriously thinking about buying a generator. I always hear about hurricane and snowstorm areas needing one, but if the AC goes out, it’ll be bad. We just got our property tax letter yesterday….. 😨 Edited to add: I’m in Dallas

[@johncorson6599]

Yeah power grid in DFW is Shiite .. worst I’ve seen in 12 states I’ve lived in .. traffic Is terrible .. 10 x worse than a mere 6 years ago .. too many ppl moving here and building permits handed out like candy and infrastructure can’t handle it .. I 30 over lake Ray Hubbard is a constant insane asylum

[@qualitytouchpainter]

A lot of the homes are outdated.everything needs to be fixed. A $300,000 money pit.

[@shaman7950]

@@johncorson6599 Don't worry, wind and solar will save you as it is all bought from the CCP.

[@redtiger7268]

Traffic is bad but I have also lived in Los Angeles, Orlando and Seattle so traffic is relative. When I lived in Phoenix traffic was not bad but I heard it got worse since the shut downs.

[@shanagirl33]

Excellent video Michael. Spot on! Great advice. Thank you!! Love your channel!

[@jayjay-bz3rr]

I’m glad I refinanced my townhouse a few years ago with a low interest rate.

[@scottalvarez8870]

Insurance for homeowners and flood in New Port Richey for a 2000sf house is $14k/year. Over $1k per month and that doesn’t count RE Taxes!!!!

[@katydid2877]

I don’t get the pressure to buy a house because you’re having a baby. That’s a ton of added expense all at once, and babies don’t really take up much room. What’s the rush?

[@kingscairn]

Getting it done while young - when kids are grown time to sell - depending on lifes success , scale down or go big time

[@katydid2877]

@@kingscairn Sure, then buy a house 3 years before you start a family. Then both can work for awhile before the baby comes.

[@TheSpaceCowboy454]

Women get hit with nesting instinct during pregnancy, it's natural but it's important not to give in. They tend to want to move because the current place is suddenly not suitable. If you don't give in it'll pass. Divert that energy into preparing the current place for a baby.

[@breadnaut3087]

They also dont really cost THAT much money either.

[@marysaltlife1427]

Babies don't take much space, but all their belongings do.

[@Lumi-oz6nd]

Thanks for your videos

[@JFEnterprize]

Noice. 😂🎉

[@RealTrophyWifey]

This was great advice I have 2 sisters looking to buy now & I sent them this, it was very helpful, thank u!

[@rhondae8222]

Thanks for another great video. 🙂

[@greasebellygarage]

"the leaf blower" is the new Florida State anthem....

[@Pallasathena-hv4kp]

😂

[@MaginFlaBlueChoice]

FACT !!

[@Mhel2023]

Texas too...... fookin' HAAAATE that noise

[@CM7777...]

They should be outlawed. Get a rake.

[@sierrasky2491]

I agree with some of the commenters here. The rates don't need to be lowered they need to be increased drastically just like the 1970s. We should probably be paying 13% on loans

[@koolkitties8552]

That nobody would be able to afford a house

[@Onthewater850]

that’s the point bro

[@Princ1967]

Good analysis. You are absolutely right.

[@Josephmaigue-ju5ib]

*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*

[@MateoGrayson-tb4bo]

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

[@Josephmaigue-ju5ib]

Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.

[@Luciasanchez691]

She's a licensed broker in the states 🇺🇸

[@Luciasanchez691]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

[@Lorizumbrum]

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

[@chompnormski]

I live in Dallas country. My 1809 sq ft home was valued at $130,000 in 2017. Today it’s valued at $335,000.

[@Alex-jx5bx]

This is very affordable, good for you😊

[@johncorson6599]

Totally normal lol .. NOT !!

[@tobyk5149]

because the Zestimate said so

[@1hourdryfloors786]

Thanks for your videos!

[@SSNESS]

I’ve been dumb since birth

[@swampwiz]

The San Francisco real estate market had been buttressed by all the Silicon Valley employers, but as they are in cost-cutting mode, the demand for homes at such outrageous prices has collapsed.

[@stephet3683]

The tech market is dog shit that is true. But because supply is so low, home prices aren't going down at all. In silicon valley, Youll see 1200 sq ft homes selling for over $2M easily. For the places closer to the companies, Those homes will sell for over $3M. Recently, in Cupertino, a 300 sq ft home sold for over $2M.

[@arhzee3310]

Realtors will tell you that the housing market is going strong and prices won’t come down, they’re just blowing sunshine up your butt. I’ve been buying and selling real estate since the early 80’s and what I learned is that what goes up, always comes down.

[@chrisnagel4827]

Prices here in Chicagoland are going even higher.....and they are selling!!!

[@maciejlesniewski7268]

Chicagoland is undervalued...

[@alanj9978]

@@maciejlesniewski7268 Not if you've seen their property taxes or likely future.

[@francismarion6400]

A lot of CCP buying there.

[@stephet3683]

Only southern Florida and parts of Texas are going down bad, rest of the USA, Australia, and Canada have home prices going higher and higher.

[@debbiec6216]

how about Glencoe ? Northbrook ?

[@evonnamann2251]

Not many people are wanting to stay in San Francisco and many are leaving. Alot of businesses are closed there.

[@lordinquis8r679]

Thanks, Michael!

[@mariatennyson429]

Beautiful skies, gorgeous palm trees everywhere.... so jealous. From RI

[@rumporridge1]

Just visit but definitely don’t move there.

[@nasdaq7100]

Michael, You're awesome, I'm learning a lot from your channel, thanks so much.

[@AssetAddict]

Lol. What are you learning? Clown talk on his channel 😂

[@blessedJCDC]

My immigrant family did rent a house split rent by4. years ago to survive in queens. None was mopping around. Now 2 owned they own houses in queens. Immigrant families are used to helping and sharing they homes and credit to benefit the new ones!!!!❤❤❤ but now some families just dont care and forgot the struggles and covid. Stay humble. Be humble. A roof over anyones head is a blessing from god.

[@surfboard396]

Yes, what are you learning? This guy sells real estate and spits nonsense to everyone who will listen. I give him credit on some of his information but he also gives you doom n gloom. Too much. I have over the years bought and sold houses and condos and don’t know much about real estate. I do have common sense and it has paid off for me. He is not a guru. Just a guy with a phone who is making money off KZbin when not selling many houses.

[@MichaelBordenaro]

Awesome, thank you! Tells me I'm on the right track

[@surfboard396]

@@MichaelBordenaro Congrats, at least KZbin is paying off. Sorry about the air bnb .

[@fredk9999]

Thank you to our host for this outdoor walk-around tour and RE learning experience

[@tarikviaer-mcclymont5762]

Would you watch daily if he was walking around Fargo North Dakota???

[@fredk9999]

@@tarikviaer-mcclymont5762 ha! That’s funny

[@cashflowinvestor23]

My wife and I lived in a single wide trailer with our first two kids. We were fortunate enough to be able to buy our first home in 2021. Now we have a 3rd one on the way, in a good market/school district and couldn’t be more thankful. Sometimes just going for it will cause you to adapt, and become stronger in the process.

[@-Blade456]

Great analysis of the Dallas market and interest rates.

[@rvcuisinemarysway]

Michael, this is such "true" information I would love to see you and Barbara Cocoran debate this topic...you would win!

[@Rich-lu6pd]

Some of the condo fees are like paying a permanent 150- 200k mortgage not counting any special assessments or the regular mortgage.

[@tobyk5149]

and live surrounded by Karens

[@user-kq6sh8tg5f]

Thanks for the info. on the Dallas market. I'm looking to add an investment property, eventually. I'll wait for the right time.

[@kevinpratt-ge5ye]

Great information! 😊

[@MaginFlaBlueChoice]

AGAIN, homeowners insurance in Florida will kill you……..

[@KaidonSalter4Heisman]

NH property tax might be high but 300k gets you a giant house and 10 plus acers. Sign me up

[@KaidonSalter4Heisman]

@@ShadyD365 Being a few hours away when searching definitely helped the cause. Took about 3 months of looking early in 2023.

[@jasneskis]

I don’t like cold.

[@KaidonSalter4Heisman]

@@ShadyD365 Ty I appreciate it. Been looking at Thailand for a while now.

[@tomski303]

Love the advice. Wish I had found your channel sooner.

[@jmillerwhyte]

13:30-14:35 about minute window is absolutely gold

[@bogdan78pop]

Chicago Downtown.....apartment mortgage $ 1900....HOA fees $2875....!!!! A small one..!!

[@andreapandrea7702]

Those HOAs are ridiculous

[@mitchellsmall5662]

I live 2500 miles from SF and I can smell it from here. Who, in their right mind would want to live there!? GTHO!

[@JFEnterprize]

Maybe speculating it being cleaned up.

[@johncorson6599]

My narcissistic wealthy sister does .. I can’t help but laugh at her .. her husband wanted to sell 6 years ago and just go live in their ranch near Petaluma ., he’s the only one with brains

[@ROBinJVILLE]

one positive affect this market has had on my neighborhood is the overall appearance has improved tremendously. everyone has new roofs and nice yards. fresh paint jobs and pressure washed driveways. i love it

[@jamesday6013]

In 1989, my RE Appraiser buddies were writing reports with the "declining market value" box checked. FNMA/FHLMC wouldn't buy those loans. Refi's and purchases with mortgage insurance were verrry difficult to do.

[@espnmk]

Michael your right i live about 100 miles south of San Francisco and i loved going to "the City" when i was younger but it's become a shit show there. Sure you can still go do your tourist thing but if you do, do it during the day and stay in the tourist spots heavily populated even questionable for those areas. Thanks for Sharing your advice

[@danielhuntington2116]

With new condo law taking place in Florida in 2025...I do not recommend buying a condo in Florida!...you could be one bad inspection away from bankruptcy!!!!

[@reggie4Jesus]

What’s the new condo law coming

[@tadeuszurbaniak710]

Keep going Michael!!!!!

[@stevenevangelist5221]

Your definitely spot on.

[@sole__doubt]

I cut grass as a side job in my neighborhood and we dont use blowers because they are so loud and annoying. We use brooms and we do a beautiful job, you dont need those darn blowers.

[@zi0n225]

Walked out of a real estate office today when I heard the real estate agent I was looking to hire use the phrase "date the rate". 🙄🤣

[@ajvintage9579]

What even does that mean?!?

[@markw.8455]

​@ajvintage9579 When 'applying' for a mortgage loan, the rate the lender is offering is subject to change. So several weeks later when you're ready to 'close' --the rate may be higher. It's recommended to have an expiration date on the rate, that gives you adequate time to close the deal. You don't want a sleazy loan broker to 'sell' you a 'cheap' rate, then find 2 weeks later that the rate has gone up--- BUT for 7K you can lock in the cheaper rate! Their math will show that you will save $$ over 30 yrs... (Spoiler alert) The average homeowner only keeps their home for 7-10 yrs. (Plus/minus)

[@luvfoto]

There won’t be a 2 nd date l 😂

[@andreapandrea7702]

So many great points!

[@ji-wonseong1623]

Is there anywhere to move to left in the USA? Dallas, Texas is just falling apart, Florida is imploding, California isn't an option. Where are we supposed to go? Washington state isn't doing so well either- the crime here is spiraling and the houses are impossible to purchase!! The cost of living here isn't so great either! Car repairs and maintenance, rent prices, insurance costs- it's NOT possible to survive here on 25/hr! You need like 80k to live comfortably!!

[@butwhytharum]

its not just buying real estate... people focus on interest rates because their entire lives are living on borrowed money. house rich cash poor.

[@tobyk5149]

many are soon to be house poor AND cash poor

[@butwhytharum]

@@tobyk5149 gotta have that leveraged rental property to cash flow that passive income into the banks coffers

[@mike7972]

OMG! I’m in the bay area and can confirm price drops all over here but didn’t know about the condo in SF!!!

[@fabiohoyos4199]

Thank God real estate in Miami Dade County still going up 10% as far this year and no inventory😊

[@thomasperina2990]

Hello Michael: Thank you for your honest opinion on this ever changing housing market. I realize the demographic dictates the pricing of real-estate while not focusing on the % of the loan. IMHO if you don't have a significant down payment + cash reserves you don't belong in a house. When I purchased my first home the interest rate was 11.75% & put down a 50% down payment & I still had it paid off in less than 10 years. All I did was keep my head down & worked hard. I should explain why I was so driven to accomplish this is that I grew up poor with not enough to eat at times but my mother did her best to always keep a roof over our heads. I started working at 7 years old & instead of having fun I was working. Instead of going to my prom I bought tools for my side business of working on cars & learning the power of money. Michael I admire you knowledge. Honestly, & terrific personality. God Bless & my best to your family. TMP from N.J. 🙏

[@user-xo1gg4zi8n]

Medical costs are the only reason I can think anyone would do that refinance.

[@sarikagoode1505]

Long-term care, assisted care…

[@suziespurdis869]

San Francisco home prices are seriously inflated. It makes sense that the values have come down. That combined with people leaving the area, has definitely hurt values.

[@Verison12345678]

I agree with your assessment on the dallas market. I live in Arlington, right between dallas and Fort worth. Not a good time to buy, properties are way over priced at the moment, it almost seems like California. I also agree with your assessment on mortgage rates. Imo, rates will likely increase before they come down.

[@tgj5680]

There was a article on sfgate yesterday. Building (entire thing) sold for 1/4th compared to its 2019 purchase price

[@infocision777]

Homeownership these days is starting to seem more and more like a scam.

[@MisterWWYDE]

But it is fun to listen to you explain it in detail

[@jimmyamico4713]

Good job MICHAEL… Tell it like it is… because it is what it is🇮🇹💚🤍❤️

[@rickstarr7831]

Here we go again!!! Housing upside down and round and round. All I see is my house goes up 2K every couple of days.

[@marionkorte7801]

Same in San Diego, where are you?

[@Dpanytime]

I’m glad but when you sell it you will understand how much you will have to pay to get half the house you had

[@seanevans6128]

Same. I don't know what alternate universe Michael lives in, but housing in Nashville, Tennessee, goes up daily.

[@stephet3683]

Here in Bay Area, home prices are already caught up to peak housing prices during pandemic. It’s only going to get worse once interest rates go down later this year or next year

[@evankunz1107]

no way your property value is changing that much that often unless you got a million dollar+ home

[@tinaho1966]

I'M from Bay area ,,, south San Jose . i see Traffic is no more slow , look like LAYOFF a lot in san Jose ,, !! it is scary

[@S.Springy]

Yes to you!

[@levratalex4929]

Great content

[@gunsmoke9030]

Best thing about buying a house is the weed wacker lawnmower guys from the apartment complex are no more. Seriously its much more peaceful.

[@Bob-cd5pp]

What a Joke this is, do your research 7% is a normal rate over the Last 50 years . These People don't have a clue. Rates will not go down.

[@jasneskis]

You have that right. In early 80s mortgage payments hit 16- 18%. Inflation, money printing and bad president Jimmy Carter caused it.

[@AverageJoeDividends]

Rates need to probably go up another 1% to cool inflation. You are correct, this interest rate environment is more normal over the course of recent history.

[@SpliffMeister3000]

Rates are just part... insurances, tax etc etc ...that's kinda the point this boredomero guy talks about incessantly

[@mattanderson6672]

Thanks Mitch

[@philliplinkous6393]

Good video thanks

[@talkingonline821]

I think the heading needs to read "Houses selling for 50% off in Shitfornia." Definately not the rest of the country, in fact the Cali expats have destroyed more local economies causing hyper inflation of real estate around the country than any other group of people including NY'ers.

[@gabrielw7773]

The bond market isn't rallying it's selling. Yields go up when the bond market is selling and go down when the bond market is rallying. You said the bond market is rallying that's incorrect.

[@gregh7457]

i was kicking myself for not picking up those 5% 10 year treasuries back in october but it looks like they are going to return to that. Some are saying that the 10 year will go to 8%. One scenario i could see that happening is if we hit a bad recession and tax revenues go down and people lose all confidence in the fed controlling inflation.

[@censoredeveryday3320]

@@gregh7457 USD won't even exist in 10 years. Currency will be worthless by then with how much the gov is spending

[@brianred8]

“If rates go down, prices will go up”…. My favorite saying, that can be applied to almost ANY question ever… “It’s more complicated than that….”

[@car9167]

Not happening where I live in DFW. Would love to have prices going 50% down so I can buy another property but the reality is the one I have went up 2.3% in the last 30 days. So is not happening here

[@charlessmith3710]

Real estate in illinois is outrageous no markdowns here

[@tobyk5149]

yet

[@littlebluefish6606]

What part? Chicagoland region? Because the Peoria area and Southern Illinois has some very affordable housing. Jobs might be questionable in those areas though.

[@pinschrunner]

My 2 bdrm 2 bath condo in an established community only has $271/month fees. And it is only 2 stories so exempt from the engineering assessment and repairs. Well taken care of over the years it seems. $160,000

[@MaginFlaBlueChoice]

Where are you located? Hold on to that condo!

[@NoDaysOff-oz2zl]

Just saw a listing in my town. New construction, sold a year ago for $1.075M, and a family moved in. Listed a couple months ago at $1.05M and no takers. Recently re-listed for $975k. That's an expensive haircut, if it ever sells.

[@danb3080]

Lotta good talking points here 👍