MAJOR Housing Market LIES BEING TOLD RIGHT NOW!

The media is telling a lot of lies about the housing market right now, trying to make it appear stronger than it really is when in fact, it is on life-support that is being held up by government back loans as well as government back to incentives and artificially low interest rate programs for people who want to borrow money against their houses. All of these lies are aimed at making you do one thing, go out and buy a house today!
Need a Realtor? homeandmoney.com/michael/
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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.

[@nicolasbenson009]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[@BridgetMiller-]

Contemplate shifting your investments from real estate to other dependable options such as stocks, cryptocurrencies, or precious metals. Severe recessions present potential buying opportunities in the market, but it's essential to approach them cautiously due to the volatility that can provide short-term trading possibilities. While not offering financial advice, it could be prudent to consider investing, given that holding onto cash may not be ideal during this period.

[@tatianastarcic]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Michaelparker12]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@tatianastarcic]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@berniceburgos-]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

[@tomgorski.gorski6838]

It's not just housing lies, it's also health care lies, food lies, water and utilities lies, crime lies, banking and auto lies, lottery and sports betting lies, pension and social security lies, etc: etc:

[@josephmucaria4808]

Don’t forget about our gov killing Kennedy, fake moon landing, gulf of tonken, 9/11 inside job, countless false flag attacks, the plandemic, fake Russian collusion and the list goes on.

[@Poopster4U]

Anything out of DC is a lie now. Full propaganda at this point.

[@jeanrochon6052]

Exactley

[@BREEZYM6015]

Like the song "Lies, lies, lies" by the Thompson Twins. 😂

[@EGrandRiverLLC]

​@@BREEZYM6015Now we're talking! Might have to put it on to up my spirits

[@Kellyvenderchick]

*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🇺🇸🇺🇸🇺🇸..*

[@CindyJoWarner]

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.

[@Kellyvenderchick]

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

[@Josephmaigue-ju5ib]

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.

[@Kimdowelspara]

Great to see you guys talking about her, she changed the game for me.

[@LukeRyann]

*Please how can I contact her? I'd love to see for myself*

[@robertlee3211]

After over 20 years in real estate, I can say Michael is right. A bunch of liars and crooks...

[@alanvaks3640]

Michael Bordenaro is a truth teller.

[@julioblanco]

😂😂😂😂😂😂😂😂

[@mariahay22]

At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Elkin for her guidance in these fields her proficiency is outstanding

[@sarah30423]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

[@stewart109]

It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!

[@rockyrgu]

Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

[@AliMoqi]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.

[@natecruz598]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of Analyst Flora who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell.

[@FrankS111]

The music has stopped and everyone is scrambling for a chair.

[@marygoff3332]

Boom 💥

[@asullivan4047]

Well put-!!!😉.

[@the_derpler]

The last few years have made me transition from wanting to buy a house to just not being very interested in the whole ordeal. It seems like a huge pain in the butt.

[@TheMichelex20]

Same

[@adoss7273]

It is. Just got rejected again this week. People still acting stupid.

[@sambomambojambotango3961]

I'd rather live in a nice appartment and have Bitcoin as my longterm investment.

[@RickJamesFPV]

Same. Less headache to just rent.

[@muddysneakers77]

Same boat here.

[@marcofluff]

I'm finally convinced that the economic crash won't happen untill after the election. This administration is trying its hardest not to let the market crash till then.

[@007stopjockin]

You might be right. 007

[@foodpedlarofficial2019]

Yup As soon as a non-Demoncrat is in the White House the media will start-in with how bad things are and how it's the new administrations fault.

[@gocirf3433]

Who do you think is paying for the PPP loan that was forgiven, I had 18 year old nephews making 600 plus 87 per week under those payments for 2 years and living at home with mom and dad , it was a great deal for them

[@Nottazippo]

This is going to happen on purpose ! They have crashed this country and everybody keeps lying !

[@juanjarta]

lol it wont crash period. lets say trump gets elected - dont you think they'll try even HARDER for it not to crash so they wont say "ohh it was all great until trump got into office"?

[@s99614]

The rent is too damn high!

[@iwishpeoplecaredagain]

Everything

[@gregorylyon1004]

No shit

[@christinadaly7743]

The UN Agenda 21 calls for the end of Single Family Homes , apartment developers and their Landlords know this !

[@user-is6wb9xn8o]

Renting & housing affordability are a hard reach for most of the US population. Biden's inflation is crippling average families since 2022.

[@Creed23667]

Mortgage is higher

[@katydid2877]

When I sold my house in AZ in ‘21 the market was insane and houses were selling in a day or two. They’re now sitting on the market for 90+ days with lame $5K price cuts. How is that demand exceeding supply? It’s not.

[@hvaball150]

Houses sitting on the market is usually due to asking too much for them. When you can't sell the house at appraisal, then you have a market demand problem.

[@gregorylyon1004]

You made bank selling in 2021.

[@user-sd5ow2lz9o]

Not the same amount of demand in every market, as every acquisition in real estate depends on very local conditions and comps. Some areas do still have quite high demand and people are still willing to participate in bidding wars and pay higher than original asking prices, while in other areas, houses are sitting on the market for many months and inventory is starting to reach pre-covid levels.

[@user-sd5ow2lz9o]

​@@geocam2That has become a major factor in some areas, but not all areas, at least, not yet...

[@katydid2877]

@@user-sd5ow2lz9o I didn’t say there was. However, many will say all housing is in high demand and all housing is expensive and no housing will ever go down in price, when we know that’s a complete flat out lie.

[@jamesgibson4100]

'subsidized by the government' means 'subsidized/paid for by the tax payers', You and Me!!

[@nicklll4477]

no such thing as taxpayers when the fed reserve is the sole monetizer of all govt expenditures. Youre just a debt slave to them.

[@LittleMopeHead]

I hate the government with a passion for stealing money.

[@_Tangerino]

​@@nicklll4477 Right! We don't own the government ANYTHING. We shouldn't allow them to steal us like they're doing right now.

[@amunderdog]

Stay away from Illinois. There are many reasons why.

[@tz8565]

I am thinking of moving to Chicago from Columbus, OH for increase in pay with Chicago public schools. Not sure if its a good move with high cost of living. Any insights?

[@jonski89er]

@@tz8565north or west suburbs. Property taxes will sicken you. We are among the highest taxed state in the country. Especially Chicagoland area.

[@thomasmcdaniel6264]

The bottom line, at least for me is, it's not worth it to live in Florida anymore. So...I moved....Brazil with my finance👍🇧🇷

[@blackworldtraveler3711]

For you it’s not worth it. Everyone can’t live in Florida.

[@pinschrunner]

Brazil is a communist country now under Lula, again. They are a member of BRICS which is good. Where did u settle? I have been to 24 out of 26 states and lived there

[@BREEZYM6015]

​@@blackworldtraveler3711Everyone doesn't want to live in Florida either. 😂

[@hideoussails1783]

How long can you stay in Brazil?

[@DMAN-xk5ni]

So living in a third world country is better than Florida?

[@joelabc]

Have a wonderful weekend everyone 😁✌️

[@BREEZYM6015]

My weekend starts on Monday afternoon. 😂

[@phil8253]

Funny how the media continues to lie knowing we all see their BS. My neighbor has listed his house here in SoCal for 849000 for over a month now and no offers - and I haven’t seen a lot of people coming their opening house events as in past open houses in my neighborhood in the last four years. In all honesty I couldn’t even buy my own house at its “market value” with a 3% interest rate, not to mention a 7 or 8 % interest rate - it’s nuts!

[@phil8253]

@@geocam2 we live in a nice neighborhood but it’s considered middle class - nothing fancy. Fact is people who can afford that price aren’t going to settle for our neighborhood, which is a loss for our community. I have a feeling that it’s going to sit on the market for a while .

[@paolapaola5403]

Prices are 20 to 30 percent higher than a year ago in Southern CA

[@yaiburanakul8505]

Everything wrong is coming to a head.

[@shanejones578]

The whole “real estate” market is so manipulated and controlled I wouldn’t touch it with a 10 foot pole. That 850k house isn’t worth more than 500 and I don’t even need to see it or know how big it is to know that. People can’t afford to live, and somehow the old people who bought stuff for Pennie’s on the dollar are supposed to sell this overpriced junk to kids right out of school and get them debt trapped forever on shit they can’t afford? Idk, this is CRAZY

[@michaeloconnor6683]

Samre here brother, I bought my house back in 2011 -- today what Zillow has it estimated at I couldn't afford to live in my own house.

[@Cammimullens]

A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich.

[@marlisamirabal]

Don't be in a hurry to get back in. The market needs several days of strong performance to signal that the downturn might be over; It's a time to be largely, if not entirely, in cash

[@softy-bf5eg]

Oligarchs with businesses in America should be taxed heavy, the economy is going to slow down and the markets with it. Work on your own terms and take advantage of the market anyhow you can.

[@TitaAnderson]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@softy-bf5eg]

ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@TitaAnderson]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@RaymondDennis-wo6tf]

I Hit 113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

[@MIACRAVEN-pw3dn]

I would really love to know how much work you did put in to get to this stage.

[@RaymondDennis-wo6tf]

Mary McDonald's strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through

[@peterson12240]

Please, how do I connect with Mary mcDonald? I would appreciate if you show me how to go about it

[@RaymondDennis-wo6tf]

The info on the comment is correct she's mostly available on telegarm

[@RaymondDennis-wo6tf]

@Mary913 thats her user name

[@misterogers9423]

Did you know that rates were always over 7% between 1970 to 1991? People have been spoiled by the low rates. Unless inflation magically drops we will probably only get 0-1 rate cuts this year. The fed wants to cut, but it also wants to get inflation to 2% despite it being 3.5% and keep going up. Many people also think the real inflation is much higher.

[@nogames8982]

Even in 2001 when I bought my house the interest rate was 6.5%. I don’t think it’s the interest-rate that’s the big deal, I think it’s the actual price of the house. My house has supposedly tripled in value from what I bought it for in 2001. I could not buy this house today. Couldn’t even come close. So it’s not the interest rates in my opinion, it’s the actual price.

[@trainshot17]

@@nogames8982 It’s definitely the price of homes. Realtors try to make it out as only the rate.

[@evinwhiteson4902]

I bought a 350k house in 88 for 9 percent adjustable loan. Fixed was like 12 percent. Kids these days have no idea

[@stephenlyles8176]

​@@nogames8982vert well put sir.....prices have to drop on houses,vehicles, etc to match the interest rate.....about 30 to 45% should do it....

[@redtiger7268]

@@evinwhiteson4902 That would have put your payment at $2500 a monthly roughly. That would have put just your mortgage yearly payment around $30,000 before taxes/insurance. In 1990 the average household income in the US was only $50,000. Even if we assume that your lender allowed you to go to 40% debt to income ratio that would have put you at earning a min of $75,000/yr. Thus you were in the top 10% of all income earners for that time period. Right now to be in the top 10% of income earners you would be making $165,000. One making that much is not complaining about by a house in places like Florida or Texas. SO no you are are the one who has no idea what they are talking about. Also $350,000 in 1988? The median sales price of a home was $93,000. What kind of luxury mansion where you buying? I am throwing the BS flag on your whole story.

[@davidhopper7295]

Is there anyone who didn't see this coming by March of 2020? 4 years later and the US is a $hit show. What should the price be on a house that has $24000 property taxes and $17000 home insurance? Almost $4k per month before the loan. Someone from Singapore or China going to buy it?

[@user-ip7ee5wp8d]

Where is that?

[@kathyschlect4852]

Sadly not anymore they have their own shit show of communism over there

[@prd004.2]

If they gave me house in Illinois, I still wouldn’t move there

[@BREEZYM6015]

I might if I could keep my $28 an hour wage. 😂

[@cashflowinvestor23]

I unfortunately lived there (Swansea, IL) and planed to move to Florida until I came across Michael’s videos. Now I’m questioning the meaning of life.

[@cashflowinvestor23]

I unfortunately lived there (Swansea, IL) and planed to move to Florida until I came across Michael’s videos. Now I’m questioning the meaning of life.

[@cashflowinvestor23]

I unfortunately lived there (Swansea, IL) and planed to move to Florida until I came across Michael’s videos. Now I’m questioning the meaning of life.

[@cashflowinvestor23]

I unfortunately live there (Swansea, IL) and planed to move to Florida until I came across Michael’s videos. Now I’m questioning the meaning of life.

[@Yup333]

You should wear a sombrero for the sun

[@jeffjohn9898]

He wears SPF products because they protect from the sun while promoting cancer.

[@Artem-qx4qb]

Michael Sombrenero 😂

[@studleyjb3172]

Good way to get a gummint cell phone.

[@Falconlibrary]

That Florida sun is strong. I lived on a boat in California and got skin cancer (caught it early) because I didn't shield myself from Mr. Sun. Hope that doesn't happen to Michael.

[@Lisithedogwalker]

⁠@@jeffjohn9898He wears the right sunscreen, the ones that does not “promotes” cancer 👍

[@jeremiahbond2810]

I live in middle of nowhere Mississippi and from another middle of nowhere Bridgeport Ohio and i can tell you, im not buying a sht shack for 200k. Never going to happen. And thats all they want to sell for. Far far over valued. I could buy, in 2003, a huge 5 story home with a three car garage in Vegas, of all places, for 150k. The market, as far as I'm concerned, is dead. Dont see that changing.

[@BREEZYM6015]

I bought a 2 bed, 2 bath townhome in September of 2023 in Las Vegas for $203,500 so I see where you're coming from.

[@shanejones578]

Yup. It’s a game of musical chairs with fake infinite money. I don’t trust anything but the 2A, the 1A, and gold and silver.

[@Mushamman]

@@BREEZYM6015 Damn, dude. You can't even find a home for that cheap in Bozeman, MT right now. A 2 bed, 2 bath home with 982sqft of floor space is going for $810,000! And the house is trash! The median home price here is $856,618. Most homes in the valley now value at over 1 million dollars, and foreclosures begin at $550,000!

[@D.Wagner2]

If I put my townhouse right now on the market and sold it to myself, I couldn’t afford to live there. It’d be cheaper to downgrade back to an apartment and I’d be paying near $500 a month more for. That’s literally the ONLY metric I need to evaluate the market. They can gaslight all they want. The numbers don’t lie. They do.

[@ophidiaparaclete]

Who's buying? Private equity firms? A concerted effort to keep it afloat till November.

[@mowtivatedmechanic1172]

Yeah. They’re getting out of the “stock broker bro” market and using real estate as a safe harbor till the market chills out or crashes.

[@anowerulazim4381]

Yes. PE firms. I work in related field...lots and lots of SPVs in housing sectors.

[@MW-nr3lg]

BLACKROCK

[@SC-or2ek]

Buy now and regret later. Just do it 🍼🥂

[@BREEZYM6015]

No regret here...yet.😂

[@Corkfish1]

I have a friend who bought his house in 2005 for a little over a million dollars. He sold it 14 years later for $835k.

[@jasoncrandall]

I’m the guy on the motorcycle that said hi.

[@13calpal]

The current administration is fighting the federal reserves higher interest rate with countermeasure programs designed to prop up the market. My biggest take away from the video, really appreciate the information you’re bringing to the forefront. Keep it up!

[@gregorylyon1004]

The problem is that interest rates were way too low for the past 20 years. It caused a lot of people to be able to buy more house than they really could afford

[@user-db2ob2jc2f]

What did the previous "Administration" do for you?

[@juanvaldez7279]

12 trillion dollar tax cut for the 1% and corporations and covid everything else Trump did failed.

[@HillyBill38548]

⁠@@user-db2ob2jc2f. Well world peace for one, way cheaper gas and groceries and putting America first instead of illegal immigrants Ukraine and Israel.

[@underleft]

​@@user-db2ob2jc2fWho said anything about the previous administration?

[@whatchis1120]

The recent interview with Jamie Dimon is everything he's saying with it getting worse to live in 25-26, anyone that's paying attention can see what's going on. I popped on a real estate website there are more listings right now than there ever has been and this is the affluent area of Franklin/Brentwood, Tn and the houses are not moving even with massive drops. It's also made the list of most million dollar homes, it was decent mix of housing now there's hardly anything under $600k. I live in a nice neighborhood it still took 6 months to sell a house down the street dropped it from 919k to 750k before it finally moved. All the other idiots are still listing theirs at over 900k good luck, I'm not buying till I know what's going on with the economy. The last thing I want is to lose my house right after buying it.

[@jimshoe402]

A lot more by me and price cuts 5% too.

[@jayesimond9301]

The best time to buy real estate is when market crashes. But if u already own & want to move into new home, e.g., contingency, it’s def a challenge unless u get u rent out ur current property, which presents its own issues.

[@trainshot17]

There is no inventory issues in my area. Houses are seating for sale everywhere. Houses that were bought for less than 300k before Covid are listed for $700k now. Crazy times.

[@marygoff3332]

Yes, short-term buyers thought they could buy - hold home for just 2-3 years - and then double the price they paid. Delusional! And I have been in R.E. for 25+ years.

[@Alachua03]

LOL! Anywhere in Illinois.... 11.5 months of bone chilling Winter, with all the salt and mud you can collect on your car! Gainesville, Florida - 3 weeks of Winter! A cool, pleasant Fall and Spring! Guess what I'll take any day of the week?Guess which one will be under a mile of ice when the glaciers come back?

[@zachlafond2652]

Got that right. I tell everyone i know to move to Florida.

[@kingragnork]

​@@zachlafond2652no. We are full. Stop.

[@greenlight6913]

Zero Trust in Media.

[@midnightzombie2811]

Took your advise and i opened a HIGH yield Savings account at 5.09% to make money. No BILLS and these houses in California are outrageous.

[@JamesG1126]

California is an awesome place to live. It's expensive for good reason.

[@frankrusso2093]

They can delay but that's all they can do. Ultimately they'll have to take their medicine.

[@shanejones578]

And it IS time.

[@deborahheckstall1881]

Do one video on stolen houses and being resold to LLCs and they rent at ridiculous prices.

[@truthseeker1959]

You mean like Black-Rock?

[@johnnymidas5879]

FRIDAY GREETINGS MICHAEL 🌴🌄🌴

[@robertlaird6746]

We need less free money at zero interest. Yes, that would mean a debt free society. We also need sound money with would be gold and silver.

[@stickncarrot1073]

LOL! I read that article and couldn't believe it. Rockford has always been a dump. Hopefully they turn that around soon.

[@thomasbeslanovits9163]

I NOW WATCHED YOU A FEW TIMES NOW VERY GOOD CHANNEL I'AM ON BOARD.

[@ZXX984]

Keep those lies coming!👍⏰

[@gspeed930]

Thanks for your efforts,. Much appreciated, What is really true is that vallue and price are two different things. Those houses you walk by I wouldn't want because they have no value for me. I can't live in my house and that house at the same time. If no one buys the price is zero. You are taxed on price. not value. If you buy you set a price and the taxes follow and the gov't prospers. Prices are arbritrary, Keep your money. When the gov't owns them all then they can tax that house of cards. LOL

[@kathyschlect4852]

Genius

[@user-bc3ex3ss8r]

I hope no one believes it is a good idea to live the state of Illinois. ANYWHERE in Illinois.

[@mindelevation9428]

Chicago and Illinois is a shit hole. I know cause I'm from there. Moving to the south was the best decision I ever made.

[@OldFortBragg]

Excellent video and delivery of info.

[@shanejones578]

There’s not enough money to live from the jobs in the Midwest regardless of how much cheaper it is.

[@kathyschlect4852]

You got that right!

[@Csharpflat5]

Great show thanks for the information.

[@survivingthetimes]

I wouldn't live in Illinois if they gave me a free house.

[@Csharpflat5]

The farming areas are OK

[@adoss7273]

@@Csharpflat5 Corrupt, high tax blue state. Doesn't matter what part IMO.

[@iworkout6912]

@@Csharpflat5 When you say Illinois, everyone thinks Chicago. Or New York everyone thinks New York city. They don't realize they are big states and their is a whole lot more than the big cities and the big city problems.

[@kathyschlect4852]

OMG. ITS GOTTEN THAT BAD

[@IOSARBX]

Michael Bordenaro, Yay! I liked this video so much, it made me smile!

[@fsm12385]

Life was better without credit cards prior 82

[@miketrav]

There’s no supply in Maryland Every time a house gets listed it’s under contract within 24 hours

[@redsak5311]

All over the country! Am thinking WHO is buying??

[@Tonymanero1960]

My mother lives in Bowie,...I live near BWI airport,......my girlfriend and I just got back from the Eastern Shore. You are correct. Everyone in our area who sold a home, and cashed in, is loaded and can't wait to buy, buy, buy. So many govt jobs,....so much money to spend. No fear, no worries, no concerns.

[@s99614]

I'm guessing that it doesn't work that way in Baltimore City.

[@miketrav]

@@s99614 not in the hood, but it does in the upscale areas like Canton Fells point Federal Hill i’ve been trying to buy an investment property in Maryland since selling my old one a few months ago and every single time I put an offer in somebody beats me out I’ve decided to give up for the rest of the year. It’s extremely frustrating. There’s hardly any supply and people are getting over asking price in almost every situation. Pennsylvania’s the same way there’s a big world outside of Florida Florida has major issues because of insurance so that’s obviously going to have an impact on the housing prices but most of the country the housing market because of limited supply is absolutely a sellers market. I sold my property in three days a few months ago with multiple offers and it was just a red brick row house.

[@victormoreno2767]

Same in north VA. I think he is talking about South Florida.

[@user-yy9be9mi6n]

Thank you for your videos! A good weekend to you and Lissy

[@jackwilson3121]

I am not seeing these problems where I live in Iowa. I just checked the Sheriff's website and there is only one property in my county on the foreclosure sale list. Average homes in my area are much less than what I am seeing listed in Florida.

[@pensacola321]

Holy Cowchit

[@rhondae8222]

Thanks for sharing.

[@atlasnetwork7855]

The reason they are propping up the housing market, is because they don't want mass defaults and negative equity scenarios like 2008 etc, and the reason they probably don't want that is because of the banking. In other words propping up home prices is an admission that the banking sector is in trouble. That's my take on this. The preferably scenario is to get more buyers, but with high interest rates they can't really do that easily, so their main focus is to try and bottleneck supply and keep the home prices up that way, because once the supply / demand balance shifts, home prices will correct, and that wouldn't matter if lots of people were employed...

[@delinquense]

Any chance of doing one of your discussions on Canada? I'm sure this might be of interest to many of your readers.

[@lidam]

Home prices will not go down much, dollar depreciation plays the important role the more it depreciates, it also reflects real estate in a positive way. Land will become valuable than houses

[@HANZELVANDERLAAY]

Everything's fake nowadays.. buy hard assets..land a home.....only real terra firma..gone hold value..

[@ciscoterres717]

that sure is a nice neighborhood you're in. In my neighborhood, you often have to break into a run.

[@jackwilson3121]

Why are property taxes so high in Florida?

[@_Tangerino]

Because politicians like to steal people. Simple.

[@lopella]

Because there’s no state income tax. If there’s not an income tax states need to make money in other ways, and the most common are higher property taxes, sales taxes, and car registration fees. It’s good to do the math when comparing different states because state income tax is only one factor.

[@emzywillrich7243]

Those homes you are showing today are absolutely gorgeous!! Very nice designs!!

[@dziki403]

bunch of contractors jumped in to rockford housing market just because it was way cheaper in compare to other areas near chicago, I know guys who bought several 4 or 6 unit buildings and single family homes, all for rent.

[@JohnQPublic345]

Is Rockford growing, or stagnant?

[@mark-madison]

Excellent video, superb economic analysis and commentary. thank you !!

[@johnrokss8971]

Keep it real Love your videos

[@georgemcelroy1472]

Physiology of Plunder When Plunder Becomes A Way Of Life For A Group Of Men In A Society, Over The Course Of Time They Create For Themselves A Legal System That Authorizes It And A Moral Code That Glorifies It. Fre'de'ric Basiat

[@kathyschlect4852]

Yes it’s true they’ve all gone run amuck.. and the sheep follow..

[@mattanderson6672]

Thanks Mitch

[@justinmccowan2543]

Crazy how when you've been employed by a job for years, you only go by doing things the right way and work hard, go in everyday because you don't have the option of working from home, but yet just a simple 2 bed 1 bath house to come home to and relax feels like a luxury mansion. As a result you're all the time tired and only feel like taking a nap. We just have to have patience and don't give up, and use this time to save up because one day later on down the road I think our time will come when our persistence pays off and we can own the little house we always dreamed of.

[@katydid2877]

Schools in Rockford are terrible. Only people with no kids moving there?

[@nogames8982]

I agree that things have changed a great deal. Even with my very limited experience. I bought my house in 2001 at somewhere around 6 1/2% interest. Refinanced again at 4.6 and refinanced again at 2.3 and the last one was a 10 year mortgage. Which I didn’t even know they had but I took it. Anyway, paid it off five years ago. I could literally not even afford to buy this house now let alone the payment, so that would be now. the value has tripled according to this crazy market. Absolutely nuts.

[@user-vy1pt3fj1g]

Great video. Thanks for explaining these things with facts.

[@user-oz9fs1xs9u]

They are propping up interest rates by subsidizing them- so they are actually subsidizing the LENDERS not so much the homeowners. The market won't support the mortgage rates otherwise. The HomeOwner gets to write off the interest against taxes, so a double benefit! Where do I sign up?

[@stevenweiss2148]

Sweet home Chicago

[@rexjones1109]

You are the voice of reason and truth . . . keep up the good work!

[@lordinquis8r679]

Thanks, Michael! I will be in Springfield and east of Rockford IL in the lakes area for the dual cicada emergence in June. The dual emergence is the first since John Adams was in the Whitehouse.

[@JohnHubert]

I live in the Sarasota,Bradenton area houses are still selling like crazy here...a 3/2 1 block away sold in less than 2weeks for asking.....A 7.5% 30 year fixed is a REALLY good rate! The dream world we were in of 5% or less 30 year fixed is a big part of the reason we are in this inflation mess that we are in. remember back to the 1970's and 1980's for over 20 years you would be lucky to find a 30 year fixed for less than11% just saying.

[@adoss7273]

I've got a house down there. I'm moving back into it next year since I cannot seem to buy anything where I am (N FL).

[@lesliechung79]

Like anything Sarasota has its poorer areas around fruitville & the locals are dirt poor & getting priced out of owning or renting

[@kathyschlect4852]

1999 a house for 7 3/4 that was a kings ransom

[@mohhingman]

Thanks Michael

[@hsvkid]

If Rockford is the real estate hot spot, shiz has definitely gone sideways. Coming from a previous resident of the slums of Cary some 50 miles east.

[@JohnQPublic345]

30 years ago, it was the same. They called Rockford a hot spot

[@jointmediamarketing]

Michael is wrong, the median home price in Rockford is $152k. Google it.

[@deborahheckstall1881]

Michael Manhattan is going to Fall , they have this congestion pricing to come into New York. Goodbye Broadway. Restaurants, etc. thanks for the news.1

[@pinschrunner]

A dude named Jared from Las Vegas now lives in Florida with a youtube channel. He marketed his sell side service today for 3%. Listing, pictures, showings. No mention of buy side fee, so some brokers alreasy are jumping on the bamdwagon to fend only for themselves , even though the buy side fees do not have to go away until July 2024.

[@BREEZYM6015]

I live in Las Vegas and have a KZbin channel as well. I wonder what caused him to move to Florida.

[@murrayterry834]

not enough water. remember their water crisis?

[@wereallcriminals7424]

Should literally start a podcast so I can walk and listen and learn! you're great dude

[@jimmyamico4713]

Good video Michael ❤

[@mariatennyson429]

You give some great advice. Hopefully people will listen, if not oh well 😊.

[@SirCarlosMusicBMI]

🎉🎉🎉 Hey 👋🏼 Michael Please just wake me up when it’s all over 😂😂😂 Everything just seems ridiculous and I’m so tired of it Wishing you a great weekend, Carlos

[@iwishpeoplecaredagain]

I was watching another channel in texas San Antonio those new homes are just sitting there as they and their is 1,000 of them empty no raises and too many greedy people their money will perish with them soon.

[@landmark22]

The😢 Prices

[@maverick-zj3jz]

I used to live in il.bad weather,low wages ,and stupid people plus high crime drove me away.

[@truthseeker1959]

Stupid people seem to be everywhere….lol.

[@tizzx4945]

No matter what time no matter what day a Video from Michael you can't delay!

[@truthseeker1959]

You’re a poet, and I bet you didn’t even know it! Lol

[@thomasanderson1882]

MB... The Floridean Flaneur of real estate, inter alia, Finance! Bravo Sir! An appreciative listener from Squamish, BC (btw, a crrrazy hot market, from Rockford like status not to long ago, now to Olympian heights for only the well heeled recipients of the Bank of mom and dad) lol Best wishes

[@bobbybarron3132]

House around here sell in less than 15 days for premium over listing price.

[@truthseeker1959]

Where’s here?

[@Son_of_Aragorn]

How the heck do you remember all of this? Very impressive and I'm learning a lot. Thank you Michael!

[@jeriandersen2386]

You explain everything so I can understand it. Thank you. I started watching you after I sold my home in Naples. I was excited to learn you are from Belvidere, my uncle lives there and I am from Rockford. I didn’t buy in Rockford, I am renting. Don’t want to get into everything on a comment lol - but thanks for your informative videos! I wish I knew about them before I sold in Naples. 👍🏽

[@IRONMAN79101]

Bro I just found u some how on this algorithm, but I believe u 100 % because I just got divorced and Iam looking for a new home but I can’t believe I can’t find anything and at this rate of interest is so high I gotta grab from my savings to be able to put down a bigger down payment but I understand not anybody is lucky enough to do that , this economy is crazy

[@mowtivatedmechanic1172]

Same here. Divorced, sold the home and now I’m just buying land. At least I can park on it without being kicked out.

[@Studiovette]

The spring buying season is going to be disastrous.

[@s99614]

You write that as if it were a bad thing.

[@TheRealEstateMix]

Great episode! 👍

[@DianaPrinceitiswhatitis]

MB keep exposing the lies.❤❤❤

[@user-vy1pt3fj1g]

I lived in Janesville 40 years ago. Rockford was a sweet little town where I would go. I just saw it on one of the most dangerous towns.. wow

[@PianoMatronNeeNee]

Great info Michael and so true! Two of the three homes in my community that went under contract in the past 30 days are now, “Back on the Market”. Historically in my community of 550 homes, there were about 20 homes for sale at any given time, during the pandemic, about 10. Today…..41.

[@Dimythios]

Oh I agree with his comment.

[@larryg2705]

The NAR reminds me of the Asian store owner on Don't Be A Menace To South Central While Drinking Your Juice In The Hood... "Hurry up and buy!"

[@fcojgines1]

We are starting to go back to a pre-pandemic market , the real market.

[@007stopjockin]

Let's GO!!!! 50% to 70% drop!!!! 007

[@hvaball150]

Nothing pre-pandemic was real. 2011 wasn't real prices. Neither was 2018. The housing market was in recovery.

[@gregorylyon1004]

We may be going back to pre pandemic priced housing. But interest rates are a lot higher like they should be

[@bobshimits]

Bro? What world are you living in? Illegals in almost every market. Housing mixing with commercial lodging, screwing everyone local who isn't a corpo. Interest to the moon, insurance too. .... Lumber prices (wholesale) and the building rates are horrible. Prices have barely stabilized. What are you actually arguing?!

[@Jack-pd4ps]

Pre-pandemic is long gone. Used to be able to be able to buy a $200k townhome for $1400 (nothing down) now costs $300k and requires a lot of cash down for a $2100 payment.

[@lovethemflowers]

That's an interesting carport at 3:16. Looks nice as long as it gets enough water, I guess.

[@IOSARBX]

Michael Bordenaro, Subscribed because your videos always make me smile!

[@tadeuszurbaniak710]

Keep going Michael!!!