The Mortgage Crisis HAS BEGUN - They WANT THEIR MONEY BACK!

You know real estate and the mortgage industry are taking a massive hit when mortgage lenders are starting to sue their ex-employees to get back bonuses paid out 2 years ago when the housing market was red hot.
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[@Raymondjohn2]

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

[@usieey]

That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..

[@maga_zineng7810]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@usieey]

Christine Jane Mclean is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@maga_zineng7810]

Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 20 years of experience is certainly striking! very much appreciate it

[@user-jv9js3ls5t]

Blame bidenomics . Go figure . 😮

[@BateserJoanne]

I successfully paid off all my mortgages in just two years, thanks to the assistance of a Financial Adviser. At 54 and 48 years old, my husband and I have retired with a net worth surpassing $2 million, and we have no lingering debts. We've recognized that the crucial factor for achieving financial freedom is to make more informed and intelligent investment decisions.

[@Rodxmirixm]

That's truly inspiring. I'm striving to enter the world of investing at 42, and my hope is that by the time I reach 53, I'll have my own success story to share.

[@VickyAlvy]

Numerous avenues exist for generating high yields during a crisis, but engaging in such trades is most advisable under the guidance of a financial advisor.

[@antonnohr]

That's impressive ! I could really use the expertise of these advisors.

[@VickyAlvy]

My advisor is Stacey Lee Decker .With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.

[@ProfitTakr]

Big corporations, e.g. Blackrock buying up housing over the last 15 years has ruined the American homeownership dream. Love your videos Michael.

[@SomeUserNameBlahBlah]

Single family homes should be owned by citizens only, and a citizen can own *one* single family home. If they want a second home, they can build it.

[@douglaswatkins6281]

And immigration ruined the housing market.

[@BruceLee-xn3nn]

Me and the folks in my neighborhood receive offers from companies that buy homes and their offers are a smack in the face. You got to be a desperate fool to sell to them

[@AKATenn]

@@SomeUserNameBlahBlah the problem with that comes when blackrock and big corporations get to decide who are citizens, and have paid off the government, so people think it's the government who are deciding... instead it should just be illegal for big corporations to buy up entire lots of housing. like, no single entity of any kind should own 10,000 homes. the idea that only a certain class of people should have a roof is wrong, because it means someone gets to decide who's worthy of not sleeping outside in the middle of a winter snow storm, and you might not be worthy of surviving a winter.

[@maroon9273]

​@@douglaswatkins6281domestic and foreign investor killed real estate.

[@thomasreynolds1530]

There's no end to this type of corporate greed

[@iamGrowing]

Who is greedy here? The corporation or the person taking these crazy bonuses and not reading the fine print?

[@francismarion6400]

Corporations like the FED

[@darthvader5300]

@@francismarion6400 BY LAW, Federal Laws, any bonuses and commissions that an employee receives from their employer are considered earned wages.

[@darthvader5300]

@@iamGrowing BY LAW, Federal Laws, any bonuses and commissions that an employee receives from their employer are considered earned wages.

[@darthvader5300]

BY LAW, Federal Laws, any bonuses and commissions that an employee receives from their employer are considered earned wages.

[@kensmart1976]

School spending is out of control. Greedy public employees.

[@floydestelle6242]

Absolutely, biggest companies with bad results

[@AJourneyOfYourSoul]

If you get a signing bonus with a time period attached to it, always negotiate that it is accrued on a monthly basis for the given time period, or don't sign.

[@BruceLee-xn3nn]

When government was still giving inflated unemployment benefits and stimulus checks damn near every job that was understaffed was offering sign on bonuses.

[@Unhinged29]

I can understand if it's like 3 months, the company just wants to ensure you aren't going to take the money and run. But if it's more than that then yes you should be suspicious.

[@hvaball150]

​@@Unhinged29then why can't you understand if it is 2 years on $100k, under the same rationale?

[@Unhinged29]

@@hvaball150 mostly because two years is long enough that they could get a bunch of work out of you and then fire you. I guess it would depend on the kind of job though

[@jasonweishaupt1828]

How about not spending it until the click runs out?

[@nikosolikos]

@11:00 60k a year in taxes. 5000 a month. For nothing. I’d sell that place in a heart beat.

[@robertgallagher7734]

Employer lured them with a bonus- then fired them. One month before they couldn't claim the bonus back-so they could demand it back? The employees weren't leaving for better jobs- they stayed. Employer might be within the law, but what a bunch of scumbags.

[@DJ239]

Imagine being excited about being a homeowner and putting down that $100,000 on a house only to be told they want their bonuses back 😲

[@Hakken1]

Always read the fine print. If it seems too good to be true...,.......

[@WineHouse33]

I bought an amazing tent for longevity lol

[@markpitchford7375]

Good thing they read the fine print on those bonuses 😅

[@brusselsprout5851]

I’ve got a thermal blanket to survive the power outages. Sigh...

[@darthvader5300]

@@brusselsprout5851 BY LAW, Federal Laws, any bonuses and commissions that an employee receives from their employer are considered earned wages.

[@stevegiblin270]

The greedy bastards should be lock up in prison along with their lawyers ! The employees should tell them to pound sand!🇺🇸🍀

[@libertyforamericanow]

Property taxes on your main home should go away all together.period!

[@katydid2877]

Insurance companies remind me of the government. Tons of money in, then no accountability with spending and all claim they don’t have enough of your money, and need waaay more.🤨

[@azmike3572]

About these asking prices Michael shows us...years ago we would be in awe when we heard of $400,000 homes celebrities bought...

[@BruceLee-xn3nn]

Lifestyles of the Rich and Famous.

[@digitalman7534]

Congrats Michael on your Silver Creator award and on 100,000 subscribers! Thanks for all you do.

[@MichaelBordenaro]

My pleasure thank you for watching!

[@iamGrowing]

Regarding the bonus return the most important thing that wasn’t mentioned was that the sign on bonuses had a stipulation that you needed to be there for 2 years. Obviously the lending business crashed so these people were fired before the 2 years. WSJ just ran an article on this yesterday.

[@khatdubell]

Even then, the reason for not being there for 2 years is important. I've read the stipulations on every bonus i've gotten. I would never sign one that would allow them to ask for it back if i wasn't fired for cause.

[@iamGrowing]

@@khatdubell also, nobody was feeling bad for these loan officers when they were crushing it over the last 2-3 years. Hopefully they saved and lived within their means.

[@khatdubell]

@@iamGrowing yeah, that’s a good point. at least it should be prorated.

[@lauriegriffin1835]

Yeah but they fired the guy...how convenient

[@taroman7100]

hah!@@iamGrowing

[@erics902]

Congratulations! You earned it. Thanks for allowing us to be a part of your unboxing ceremony. We love being a part of your KZbin community.

[@MichaelBordenaro]

Absolutely I wanted to make sure everybody who wanted to see it was able to. Thank you for being a part of it and helping make it happen!

[@joonyer77]

Congrats on the plaque. You deserve it. You're far less tedious and annoying than the other real estate KZbinrs.

[@taroman7100]

so true. All experts.

[@MichaelBordenaro]

Ha ha thank you I’m glad I can be a little less annoying for you

[@mikes225]

Congrats on the 100k subscribers. Plaque should go to the right of the joker. 😀

[@donnabowen2570]

Congratulations Well deserved!

[@collie8]

true, Michael is nice. 😊

[@auctionmusic]

I noticed the streets if FL have all those wires strung all over the place, just waiting for the next wind store. In Phoenix, we don't have weather, yet all our power lines are buried.

[@ColeEvyx]

THE SILVER PLAY BUTTON!!!!!!!!!!!!! CONGRATULATIONS!!! So well deserved!!!

[@SW-Video]

They may be within their legal rights to claw back those bonuses but they are morally wrong on every level for doing it. The amount to be returned should depend on how long the person has been with the company. At 100k they should only have to return 50k at one year and so on. Pro-rated.

[@thetapheonix]

These people don’t care about morals, their only moral is making money. If it makes money it’s moral and if it doesn’t then it’s not.

[@traviswatson4986]

that kind of signing bonus doesn't come out of thin air. I worked in the industry. That person was a very high producer with a big book of business. They are well aware that the work is market based when they took that bonus.

[@SW-Video]

@@traviswatson4986 High pressure. No wonder they can get burned out in just a few years. Maybe some people thrive on that level of pressure though. I guess this is a way to separate the wheat from the chaff.

[@mikewhite9818]

Contracts have nothing to do with morality at all. You need to toughen up.

[@jarvis9283]

Congrats Michael well done

[@littledebby365]

It's always heartwarming & exciting to see a youtuber get this award. My son got one for his book review channel. Congratulations Michael you have definitely earned this!

[@MichaelBordenaro]

Wow, congrats to your son also, that is so cool!

[@halfdollar1]

Damn tight Michael! The low rates were NEVER normal. I bought my first home in 1999 and the rate was 6.5 percent. My most recent home had a 4 percent rate in 2016 after buying down 2 points. Then again those properties cost $74k and $154k respectively. I live in the latter now and paid it off. You visited Albuquerque at the right time. Going below 30 degrees tonight! Brrrrrr!!!

[@DIVISIONINCISION]

New Mexico would be nice if it had Republican leadership. High crime in Albuquerque is due to lax policing and liberal policies. It's no coincidence that Breaking Bad and Better Call Saul were filmed there.

[@kookietherapy9398]

Albuquerque is a shithole. Got stuck w an I-40 truck crash, had to get off highway and was barraged by a bunch of homeless beggars, watched a couple of drug deals, and saw more than I needed. My dog took care of them all.😃🐾🐾

[@DIVISIONINCISION]

@@kookietherapy9398 I bet you gave them a therapy session they would never forget!

[@mrwilliamwonder]

It was great when the Partridge Family lived there.

[@halfdollar1]

@@kookietherapy9398 getting detoured off i40 through Central Ave is not the whole city of Albuquerque.

[@ericsart6474]

Most signing bonuses are contingent upon length of the employment. For instance, I will get a 50,000 bonus if I stay with the company for 3 years. If I get fired or leave before, it needs to be paid back or a portion of it. That’s completely normal.

[@ginger6582]

Your situation is not what he is talking about.

[@jeffw1267]

Right, but if they're fired JUST because the employer doesn't want to pay the bonus, it's a problem. I guess that's difficult to prove, but if you're fired one month before you get to keep your $100K and the employer doesn't have a file of evidence of prior misbehavior, it seems the employee would have a valid lawsuit.

[@ginger6582]

@@jeffw1267 exactly

[@Emily-le2op]

I feared 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.

[@Emily-le2op]

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

[@sakoya21]

Congratulations Michael!! ❤️ love what your doing! Definitely different from the other KZbinrs!!! You deserve it! I make sure I watch every video you post!❤❤🎉🎉🎉

[@a426108]

I am very thankful for my job as a tax accountant at an international law firm in Richmond, Virginia. I am currently renting an one bedroom / one bathroom apartment at $1,487 per month. A friend has a four bedroom / 2.5 bathroom (2,100 square foot) home with a two car garage. She bought her house for $269K in 2009 and currently pay around $1,500 per month. Now, her house is worth $380K. I really want to buy a house. But I refuse to buy an overpriced house.

[@davidmcclenton948]

This is what happens when an industry isn't regulated. Banks and Realtors allowed the prices to spike and the Fed stepped in and to "slow" things down, they raised interest rates. And now look at things? The Real Estate Industry didn't learn its lesson from 2008, and this is why we are where we are today. Once things get corrected, STOP being greedy! 😡 Keep the prices for homes low! 🤬

[@nyrangers3150]

They won't get back much of any bonuses. When people don't have the money you cannot get blood from a stone.

[@jeffw1267]

They can garnish paychecks.

[@vernparker2024]

I just read that article. It’s pretty sad that they would fire their employees and ask them to return bonus money. Really pathetic!

[@Emmas-Studio]

Oh brother. Nope. Greedy companies.

[@noogman]

One of the villians in the housing market is the building industry which raised prices on homes to huge levels blaming it on cost of wood. I'm not discounting our real-estate system which is as crooked as a dog with a broke leg. It is time for government to rein these guys in.

[@MichaelBordenaro]

Unfortunately, the government is part of the problem

[@khatdubell]

You have to read the fine print on those bonuses. Always. Never accept one they can take back if you aren't at fault in some way.

[@dickjones8119]

Miami over crowded, over priced, way overrated ...

[@maroon9273]

Too humid and hot as well.

[@MichaelBordenaro]

Agreed

[@shanagirl33]

Love the unboxing Michael! Congrats on your Silver Creator award and on 100,000 subscribers. Love your channel!! Thank you for all you do.

[@MichaelBordenaro]

You’re very welcome. Thank you for being a fan of a channel!

[@noahzimmerman-yg6qt]

My wife and I's monthly payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2918 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.

[@CharlesSlowey]

Try making the payments quarterly, in addition to adding, a payment each month and watch how fast the payments begin to drop on your amortization chart. I've got one more year after starting about a year ago. The timing of the payments is everything. This is the only thing that they all leave out when doing the videos.

[@marcellasilva4015]

One part of this vid that I do like is the idea of not taking on a large debt in the first place. I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor

[@ralfbrown-kl1gp]

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@marcellasilva4015]

Sharon Ann Meny, 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.

[@missqjulie]

Its not the interest rate only, it's a combo of the rate and the sticker price. That makes it unaffordable.

[@benmaundrell1446]

Congrats on the 100k subscribers! Been watching your videos for a little while now and realised I was yet to subscribe, so have just got you one step closer to that million! 🇬🇧

[@TimeToBeKind]

This was my favorite video ever. It was awesome watching you unboxing your plaque. Congratulations, buddy. I’ll continue wishing you both nothing but the best, and I hope I get to see you unboxing the next one. Best of luck

[@taroman7100]

It was like being invited to a reveal.

[@MichaelBordenaro]

Thank you very much Tony. I really appreciate you always being here watching and commenting. It helps the channel out a lot and really means a lot to me

[@JustOne-qe7jl]

The sign on bonuses is an excellent example of “ the devil 👿 is in the details”.

[@bossu2005]

Back 20 years ago, an employment agency wanted me to sign an agreement and a promissory note for $20,000 to take a $55,000 a year job. The agreement, aside from the promissory note said if I quit or got fired, I'd be responsible for the full cost of the salary until a replacement was found and hiring costs and training.... I told them to get lost! I was looking for a job to GET money, not OWE money! BTW... There was no signing bonus.

[@rocqitmon]

that's ridonkulus!!

[@therealestake]

Congratulations on the award! Your videos helped convince me to move to Florida permanently. Hope we all stay alive til 25, and when asset prices come down, we thrive!

[@Matt_K]

My neighbor said in 6 months Allstate will be laying off several hundred people as they are "retiring" a product. The guy has a 2 year old, I prey he finds something else soon after.

[@ld9044]

Congratulations !!!! Real Estate Warrior ❤❤❤

[@MichaelBordenaro]

Thank you!

[@tonyjourneyman1944]

Maybe all debt will be erased, not because they want to but because they have to.

[@tomjones9220]

Hello. I live in central Pa. I spoke with my county tax collector and in my county, Taxes don't go up when you sell your home. There has to be a county wide reassessment or an increase in the millage rate. The neighboring county has the same standard. Selling price has no bearing so I'm told. If people are getting those kind of bonus' that only tells me that borrowers are getting ripped off. Two thumbs up for Lizzy!!

[@taroman7100]

They all do this crap now. Happening here in NM. All of the above. Taxation without representation is back.

[@michelleverhelle1152]

You have such a good rhythm to your speech and your flow in all your videos. I'm amazed at how consistent you are every day and how well researched your information is presented. Lots packed into every video and such a nice and pleasant vibe to your voice and canter. You are really good at this. Excellent video as always. Thanks!

[@MichaelBordenaro]

Thank you very much Michelle. Means a lot to me to hear you say that.

[@georgetaylor2819]

From what I read searching about those 'bonuses' it appears these people were given an ADVANCE on future commissions -- it was NOT a 'bonus' for moving from their previous employer to this company. READ the fine print. PLUS - make sure nothing is in your name - because they can sue all they want, but IF your name is not on anything - then - it will be challenging to get the money. They will get a judgement, and that will affect your credit score. But, the sheriff can not go to the bank or take your car because they are in living trusts that are NOT in your name.

[@The_Victorius_One]

Don't forget - deficit spending by government adds to the (very flawed) GDP calculation.

[@JPGomeezz]

Congrats Michael ! 💯📈

[@MichaelBordenaro]

Thank you!

[@holaf1649]

Congratulations!! Well done!

[@alanheadrick7997]

I remember a long time ago, 1980's, if you were selling a property you could offer if as OWC "owner will carry". Does that still exists? I mentioned that as an option to an agent and she shook her head no.

[@thetapheonix]

Of course you can always owner finance. Whatever agreement you come up with is legal, no banks required either.

[@DIVISIONINCISION]

@@ToadsandTurbines Had an offer to transfer to Big Spring, but decided against it. I think I would have gotten bored there.

[@BruceLee-xn3nn]

How old was she? She probably had no clue what you were talking about but didn't want to look dumb

[@alanheadrick7997]

I bought a lot or two that way a long time ago. The agent I talked to is old enough to know about OWC. I just have not heard about it for a long time, so I thought maybe it was no longer allowed. Just curious, thanks for the replies.

[@myobmyob2215]

Is that like RTO rent to own because that was a trend then too

[@moodiblues2]

I bought my first house, a 3 bedroom 1 bath, cbs house, in a lower middle class neighborhood for $51000 in 1981 and had the worst mortgage imaginable. It was a 15% negative amortization mortgage. I paid more per month than my friends who were doctors, who lived in waterfront upper class houses in Tequesta Country Club here in Palm County Florida. Every month I owed more on the mortgage than the month before. I was a new lawyer working as a Prosecutor. I refinanced as soon as I could for a 9% fixed mortgage. Then I bought a waterfront house with a 6% mortgage. My house is paid for early, but I don’t see 6% as a high interest rate in view of my past. I never bought a house that cost over what I could easily afford. If I sold my present house, I’d probably be rich until, of course, I had to find another one. But I’m never going to sell and so I won’t have to worry about it.

[@MrFalcman]

Allstate Insurance Company just laid off 3,800 people a couple of weeks ago too. This is in addition to the 3,600 employees that they laid off in 2020 during the pandemic.

[@bbdetroit9393]

8 of my 10 deals this month are refi, people are trading in their 3% for 8% because they no longer qualify for a home equity loan and it's thier only option to consolidate debt and not lose their home. There is still refinancing business out there as long as people have equity and access to credit

[@MichaelBordenaro]

Wow, that’s an eye-opener. I’ll have to talk about this in the future video.

[@hvaball150]

This only makes sense. Yes, it stings to go 8%... But sometimes you have to tap that equity... At least you still own your home and the loan may disappear in equity going forward.

[@furemerestenshadow5578]

well this means that no one should want to work for these guys going forward. and doing business of any kind with them should be questionable and its not just sign on bonuses some companies are trying to go after employees for things like cost of training etc??? also if they company fires people/ lays them off just prior to the time requirement would that not show Bad faith and intention to cause the failure of the contract?

[@MeadowDay]

Absolutely…how low can the greed get!

[@brusselsprout5851]

Cripes, in 1986 people had an effective rate of 19%, with the interest only loans with no caps. I’m surprised the guy who has been in it for 40 years didn’t see the freight train coming. Great coverage, man.

[@chrislastnam6822]

It took years for California to enact prop 13 which keeps property taxes from going up much so if you can manage to buy a house you will probably be financially secure when your mortgage is paid off . People in other states should petition to get a similar measure on their ballots.

[@thk4711]

I think what is happening now is the reduction of the unproductive real estate / banking / insurance etc. industry to a normal level. This might be painful in the short run but is absolutely necessary. I hope the focus will now shift back to industries which are creating real value.

[@MichaelBordenaro]

I agree

[@Norm475]

Hi Mike, Thanks for clarifying the "Save Our Homes" homestead act. As I mentioned in a previous email my property tax on my Naples condo went down by about $40.00. I think the biggest reason it has not been going up was because of the school tax. As you know, Naples has a fair amount of very wealthy people, these people are old snowbirds and any children they have have long flown the nest. I believe Naples's population doubles in the winter months. I remember the first time I went to the beach and I was looking for some young eye candy and I ended up seeing old fat guys like me in Speedo's (except I don't wear Speedo's) and old fat women trying to stuff themselves into a Bikini. I am waiting to get my new insurance bill, I am sure that is going up. We've already been warned that our condo fees are increasing because of insurance costs.

[@littledebby365]

You make Naples sound like a landlocked cruise ship. lol!

[@Norm475]

@@littledebby365 That is a good description. When the grandkids came to visit and they went to the beach, their comment was, 'It's all old people here." So we took them to FT Myers Beach, and they loved it there. The nice thing about old people is they don't commit violent crimes, of course, their driving leaves something to be desired.

[@hvaball150]

Same situation in St Pete. Taxes have fallen and risen a total of about $100 in 13 years. Well, except the eye candy situation is better.

[@everss02]

4:00 3 Tesla's just sitting outside depreciating

[@1804crypto]

60 a year in property taxes. Jesus lord

[@Shazzy1228]

🤨 shocked this is even legal....its a sign of desperation imo. They are not making any money

[@dmjohnson68]

Thanks Michael for making this channel for all of us! It’s obvious you work very hard and care very much. I rarely comment to all the amazing KZbin videos I watch, but your channel is particularly one of my favorites. I felt your joy truly come through when you unboxed your silver plaque 100,000 subscriber award! Congratulations on such a great milestone. I really enjoy ‘going’ on a walk with you each day to all this beautiful places and American neighborhoods. I also find your voice very calming and trusting. All your information very interesting and informative. All the best to you and yours, and again Thank You!

[@MichaelBordenaro]

That is the nicest comment. I have read so far in this video. Thank you so much for being a huge fan. And yes I was genuinely happy to open that button. It’s something I’ve had my sites on since I published my first video.

[@B_Y22]

I can't believe the owner of that property is paying the same taxes on the assessed value from 1992. That's like paying income tax on your salary from your first job even though you make six figures today.

[@B_Y22]

And how did the property tax bill only go up 39 bucks even though the assessed value went up over 200k?

[@MichaelBordenaro]

Yep meanwhile everybody today is getting the shortest straw And have to pay all-time high prices on top of that

[@ireneleedy1723]

Congratulations Michael. You worked hard for that plaque. Show it proudly.

[@cer2299]

Thanks for the information. We are buyers and we wont be using those companies for pre approvals.

[@tessramos8828]

Hey Michael 🌻 You are spot on. . . You speak the truth 🕊️ Congratulations on your plaque 🎉 well deserved 💕

[@MichaelBordenaro]

I really appreciate that!

[@charlesphilhower1452]

I wonder what the legality of taking money that was promised and given, back. What happens to the money that the person paid in income tax on this money??

[@MichaelBordenaro]

According to their attorneys is perfectly legal, and the agreements that the employees signed

[@user-de6is4fw1p]

Why would anybody want to buy waterfront or close to waterfront real estate in Florida, with sea level rising and Hurricanes that are Stronger and MORE Powerful than Before? Just to be able to look at the water? crazy....

[@scottysteadman5063]

Congratulations Michael 100k plus now! Keep on Keeping on! Many more memories coming! Love your channel!! Thank You!!🙏

[@MichaelBordenaro]

Thank you very much Scotty appreciate it!!

[@JillsHouse]

If people are cancelling insurance, it makes sense the insurance companies are laying people off.

[@survivingthetimes]

😂 They can want all they want. Like my dad used to say, "want in one hand, and take a dump in the other. See which one fills up first ".

[@JavierBustamante-xh3ln]

About time to end up all this greed from fed and banks.

[@cer2299]

If we keep paying when they demand then they keep doing what works.

[@bobsykes]

Congrats on the subscriber award! You especially deserve it for how you had to pivot your channel to deal with the insane changes in the real estate market. I started watching during the Covid lockdowns when I was thinking about retiring early, and I enjoyed videos like the "under $200K condos walking distance from the beach!" What happened?! Good luck, Michael, and keep it up. ✌

[@MichaelBordenaro]

Thank you very much Bob I recognize you from the comments from back in those days! thanks for sticking with me all this time and glad I made that pivot to comment on the insanity happening in today’s economy/housing market. Obviously the days are over making those videos of 200 K homes walking distance to the beach lol.

[@rodgangloff8540]

Sell everything and buy silver. And let'em sue.

[@davisholman8149]

I have NEVER heard of any company demanding the return of a bonus!💸. Totally bizarre😵‍💫

[@johnzimmerman340]

In Nevada, property taxes on a principal residence can't increase by more than 3%. Moreover, the assessed values decreased by about 33% during the big recession about 15 years ago, so my property taxes also decreased but never made it back to where it was because of the 3% cap.

[@MichaelBordenaro]

That’s awesome. Everybody loves that they’re home values going up. It really doesn’t matter unless you want to sell and in the meantime you’re just paying more tax.

[@Navs126]

They do increase by more than that if you don’t let the assessor know it’s your primary residence. So make sure you report back unless you want to see an increase of more than 7%

[@SW-Video]

The plaque would look on the right side of the joker as you're looking at it. Leave enough room for the next one. :)

[@MichaelBordenaro]

Appreciate the opinion

[@Allen-eq5uf]

Paying an this unbearable and ever increasing property tax to the government till death or homelessness occurs is one of the most insidious and excruciating perpetrations ever foisted upon the American people.

[@wyt-Emma]

Congrats to you to be rewarded by KZbin, Michael! Keep supporting you!!!

[@MichaelBordenaro]

Thank you very much!!

[@walterjoppie5422]

Congrats on 100K Michael! I really enjoy your videos and hope the channel keeps growing!

[@sw6155]

Who the hell signs a contract with terms like that? I understand the pain of walking away from a job offer that you’ve been looking so much forward to accept, but our security is first and foremost… Can’t waive it off like that by not reading of thinking it could be renegotiated later on… If they’re shady from the get go, they’ll be shady during “renegotiations” too!! If not more!!!

[@diabeatit5189]

A few months ago I predicted you'd be at 125k by Christmas.......look at you right on target!!! CONGRATULATIONS!!!

[@MichaelBordenaro]

Yes, right on target that’s a pretty awesome prediction!

[@diabeatit5189]

Yup! Just call me Rain Man 🤣🤣🤣It was an easy prediction to make, you're the Best!@@MichaelBordenaro

[@Mike_Phoutrides1611]

Congrats on the 100k subscriber award. We appreciate your insight and your videos. Keep getting after it!

[@MichaelBordenaro]

Thank you very much. I’ll keep them coming.!

[@Litterbaux]

I'm so proud of you Michael. Well done sir.

[@MichaelBordenaro]

Thank you !

[@Madybananas]

It's almost like they realized they Fd up and were greedy, but that can't be right.

[@KevYork]

Back in the 80's interest rates were 13%. So the 7% now is not horrible

[@Knights_Oath]

When you adjust for inflation the prices yall paid back then were way cheaper then now. 13% on a home would be unaffordable now. 13% would increase my $1500 mortgage to around 4k a month.

[@JustOne-qe7jl]

Congratulations on your 100k subscriber plaque. Michael, you work hard every day to give us true and accurate information. You are so a gracious person. God bless you.

[@MichaelBordenaro]

Thank you very much !

[@rickcamp8487]

They waited until one month before he didn't have to give the 100k back before they fired him? That was the plan all along.

[@MichaelBordenaro]

Sounds like it

[@morganhill2586]

What 100k... Lol

[@MARedleg]

I live in Cameron county Texas and my property tax bill this year declined by over 800 dollars. 🙂

[@MichaelBordenaro]

Wow, good for you. I wish I could say the same.

[@terrillmel]

Love the CD player with CD rack. Nostalgia maxing out. Sound quality is so much better.

[@MichaelBordenaro]

Yep I still have all my CDs. Still buy new ones here and there too.

[@user-qc2uo7fm5k]

Congratulations Michael! Keep up the good work 🎉

[@brusselsprout5851]

This has been coming down since 2003. I never thought I’d live to see it. It’s going to be ugly though. Really really ugly.

[@user-de6is4fw1p]

The silent recession. commercial real estate is in trouble.

[@ToyStoryFan5000]

Congrats Mike, you earned it!

[@MichaelBordenaro]

Thank you!

[@paulasnell2742]

Congratulations Michael. Love your show and content

[@MichaelBordenaro]

Thank you!

[@deenibeeniable]

We are all totally familiar with your wardrobe.

[@DIVISIONINCISION]

He's no Ian Curtis. We know that! "What ya' gonna do when the novelty is gone?"

[@mwebb3014]

Big congrats on your 100K KZbin plaque!! I enjoyed hearing their letter to you. Keep up your good work. You always give us great financial info and insight. 🙌

[@jgnmtz]

If the company is demanding the money back , they better get an attorney to ‘negotiate’ for them. Perhaps they hold some crucial data that the company doesn’t want to be published ? It might get them a payment plan .. I can’t imagine being asked to pay back $100K after 2 years. That moneys would be invested in a new property (that unfortunately would have declined in value 😢) .. congrats Michael. Love your videos

[@MichaelBordenaro]

I agree I would definitely hire an attorney

[@careyparkinson2890]

Congrats to you Michael. Well deserved ...... keep up the great work.

[@MichaelBordenaro]

Thank you! I’ll keep them coming👌