Mortgage Delinquency Skyrockets | Homeowners Issue WARNING

[@wakeboarder86]

I can't tell you how much I appreciate your point of view, well both of you. I agree with her about always listening to those with whom you might not agree, but for me, I take all emotion out when buying real estate. I know you both have a lot of emotion when discussing this due to the baggage from 2008. My family lost everything back then, and I was graduating college, so I learned never to use emotion when buying real estate. As for those sad stories, I can't feel bad for them. The first person bought a home they qualified for and is now blaming an ex who left. Why does that hinder you from getting a promotion? Did you expect them to pay all your bills so you could go back to school? That was foolish. The next person with the flood-shouldn't the agent and lender have informed them it was a flood area? Don't we pay a government agency for that? If they lived in that town or nearby, they should have known better. The person with the in-laws is just funny; I have to laugh, I'm sorry. Sometimes it feels like adults don't want to take any responsibility. I don't see people bullying others for not buying, except when I tease a good friend who is a top agent about how crazy it is that he sells so many homes but still hasn't bought his first one yet. It's all in fun. First, do servicers have to pay to get their numbers reported by Black Knight, or does Black Knight have to pay them? If Black Knight is a private company, could this be why they don't have everything? Next, she mentioned a lot of increases by percentage, but is it that bad? When you look at 4 million total behind, I think she said that’s only 4.8% since there are 83 million total. That’s only on owner-occupied homes with a mortgage. Two ways to look at this: does that include defaults on investment properties, or is that 4 million ONLY owner-occupied? If it's only owner-occupied defaults, then we need to look at how bad non-owner-occupied properties are because that then is a game changer as we all know renters are behind which means land lords might. If it's 4 million for all, then shouldn't we look at 4 million divided by the total housing units in America, which was 146 million in 2022? If so, then it’s 2.7% of total properties behind. I would love to see more data, but I believe we will never get a clear picture from any business or government agency. Even with the data, you need to take the advice you always give, which is very DEAD ON: LOCAL, LOCAL, LOCAL. In my area, it's hard to believe it’s as bad as you say when I always see lines at stores and restaurants, and tourists are still abundant. My rentals are booked really well. I would love to see what the numbers look like in specific locations. Out of that 4 million, is it mostly TX and FL? If you remove those two states, is it more normalized? I wish we had a data nerd who could pull all the data from everywhere and really see the trends.

[@DRventura333]

Shame Shame on Every State municipality that is grossly fleecing the Elderly, Veterans, Retirees and Homeowners with egregious property tax bills! Where are the State representatives to put a stop to this egregious ABUSE by city/county tax assessors??!! People ARE losing their homes of 60 plus years ownership! Even when homeowners files an appeal, the tax assessors use comps from other areas to justify the fleecing property taxes. They all work with each to fleece the poor homeowner. Homeowners who simply upgraded their aged homes are overcharged property taxes on their homes. WHY does someone 60 years old, who has one home have to pay Property taxes?! WHY SHOULD homeowners have to pay ridiculously high property taxes to compensate for commercial buildings not paying their property taxes!!!? The municipalities MADE the BAD investments and allowances to those businesses NOT the Homeowners!!! How can these crooked tax assessors be allowed to overvalue someone's property by hundreds of thousands of dollars, when they are not investors and those homes are their only homes. NOT ALL States have HOMESTEAD, not sure WHY??? But Why should an elderly person, over 60 years old, who only has one residence, be charged $30,000k per year for their home! Anyone 60 years of age or older should not have to pay property taxes at all for their paid off homes as that is their only residence. Property Taxes, HOA Fees, Condo Fees, Overpriced homes, are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees by 40%. How can it be legal to raise HOA Fees by 50%. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working class is continuously fleeced in these manners. The vile tax assessors are getting multi-year promotions using Taxpayer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities. They don't care that people end up homeless (many veterans and elderly) or their home comes into foreclosure because they had to borrow against equity and credit cards; work jobs at their old ages to try and pay their property taxes or HOA or Condo fees. Where are the State representatives to put a stop to this madness??!! STATE WIDE LAWSUITs AND INVESTIGATIONS MUST BE SUBMITED BY ALL HOMEOWNERS. WHY DON'T ALL STATES OF THE UNION HAVE HOMESTEAD!! Just shameful and egregious abuse by the municipalities Mayor's and city employees

[@ajy45678]

Many People are spending well over 40 % of their income on their Mortgage, taxes and insurance. It's ridiculous. No one should be spending more than 25 %. Our society is now full of people who are seriously house poor.

[@tobyk5149]

@@dan-qe1tbor moving to a state with lower property tax that also has no state income tax. think Nevada

[@DanGilliland-pi4vh]

They would have to be, especially in upper middle class and up single family housing, except households with multi incomes paying the bills

[@deebrown7160]

That's normal for NYC

[@MavRick69]

@@ajy45678 your numbers are nothing new. Pre 2000s that’s how it worked.

[@lakelvp]

Money spent on taxes, insurance, servicing debt, most maintenance is called "rent" unless you are a proud "homeowner" raised by HGTV. Then you call it cost of "ownership" or something like that. And proud we are of all of them.

[@BluMaGiKCj]

As a 51 year old from Massachusetts who suffered most his life with addiction it’s almost impossible to live with no credit. 10 years sober and still none. DO NOT MESS UP YOUR CREDIT! Listen to these people

[@williamtherambling3334]

way to go

[@tobyk5149]

thanks for sharing and keep your chin up

[@MS-cs7gt]

Not even secured credit card ?

[@infotechsailor]

I beneath my means. Wish I could do better but trying to give the kids a good life

[@BluMaGiKCj]

@@MS-cs7gt i got one to pay bills

[@wxieqdsiwevbks]

In our current society it's not just a FOMO issue, it's also keeping up with the Jones' and social media validation. Parents are coddling their kids waaaay too much leading to certain entitlements in the workplace, etc.

[@markokrasinski8033]

Spot on!!

[@jonmurphy776]

American dream is living in a double wide with a $100k lifted pickup truck in the driveway! 🎉🔥

[@roliver3165]

This real issue is the amount we have to pay for shelter. Rental prices are out pacing income as well.

[@RB-je3yj]

I try to keep $60k in cash at all times in the event of an emergency! I don't understand how poor people are getting by today! It's very very sad, why would poor people bring kids into the mix? 😢

[@JKlessig]

I believe in saving. I’ve always been a saver, still am. However, inflation punishes savers. I was pretty close to a 20% down payment on a home. Then the pandemic hit and prices skyrocketed. Not only did prices skyrocket, rates also shot up, and now I no longer qualify for the same mortgage amount as I did 3 years ago.

[@kipincharge2833]

how can a serf save as the government inflates at 25%

[@kipincharge2833]

😅do what the government does create lots of debt😅

[@hollymartin3291]

Sold my house in ‘23 , no plans to buy again in America, now living abroad. Working thru the system of FCL on my mom’s underwater Condo = 90+

[@meganbaird0609]

Came here for the housing market info and left with some life advice. Well said. Great reminder to forgive purselves and put down those heavy weights we carry.

[@josephSays]

The pricing increase is out of control, I get gouged every time I do anything, dental, car repair, grocery shopping, fuel, but my pay doesn’t change. 5 years ago I had a spare 2800 every month to invest (thank goodness I did), I have changed nothing now I have a spare 6 dollars at the end of every month. I have never been a pay check to paycheck person, my living standard has not changed, I have the same 2001 vehicle, same mortgage payment, same insurance provider. I don’t think it’s all the purchasing alone. Try looking at cost of living basics and expand from there.

[@beckyforbis4858]

You two are awesome!!! It’s always nice to have some positivity in this negative world. As Americans we are in unprecedented times and going forward it’s going to be very difficult. It’s going to get much worse before it gets better. We all need to be much more compassionate and empathetic to our fellow human beings.

[@littlebitmckee8234]

She is always fabulous. Thank you!!

[@tracycarruth1383]

Thanks Melody for skillfully sharing your knowledge, discernment and kindness.

[@RandyLein-xs1yp]

I think you should do a show about the plan being carried out as an assault on private property! Forbearance, out of control property taxes and huge increases in insurance! Just a coincidence that they all come together I guess? “You will own nothing and be happy” is their mantra.

[@kipincharge2833]

😅you never "own" a home in police state usa😅now it is illegal to stand outside😮

[@melissaklepsa8431]

...and eat zee bugs...

[@midnightdragonfly9707]

This is my favorite episode so far. I feel like I say that every new episode Melody is on.

[@chrisharrison2552]

Built my house in 96 2nd floor was unfinished just rough plumbing n electrical we lived on the 1st floor we have a full bathroom on 1st floor as well a bedroom took 4 years to finish the 2nd floor. Hired all subs. Hired a electrician for$25/hr house is beautiful now my kids are older my neighbor house sold for $625k but I’m not going to say what we bought it for cuz it’s was soo low but a lot of maintenance was involved to keep it up it’s still evolving that’s what’s great about it. A wooded lot stone walls great fires in the fire pit. Sometimes I hate it. But when I kick n have a beer it’s great . And our street now is on the registered nation scenic road ways It’s all about being patient

[@Annajsee]

This recession 😢is the worst

[@tobyk5149]

it has only begun

[@huynguyentoantin]

has it started?

[@tobyk5149]

@@huynguyentoantin just keep your head in the sand and you will be fine.

[@Joeainthere73]

We can't ever let them bring mortgage rates under 4.75% again. Low mortgage rates dropped payments to low levels never before seen. Bidding higher added $50 to mortgage pmts to add almost $17k to offer. AND the people with sub 3.5% mortgages not particularly desperate to sell, a once in a lifetime gift.

[@Fabmille]

Of course not. There needs to be massive unemployment for that to happen

[@terryballew4859]

I have always said if a person can take the emotion out of a real estate transaction, typically you will win because the decisions will be or should be based on a well informed (buyer/seller) decision. But good luck with that in todays society. Most real estate confusion is a lack of common sense, knowledge and good ole' honesty. Great interiview Travis & Melody !

[@winniethepoohandeeyore2]

When people's mortgages are 4- 5-6-7 times of mine, getting HELOCS for trips and other BS No sympathy

[@TX24k]

This is my first time i stayed for the whole podcast, I feel proud of myself. Very good information, knowledge is power.

[@jameshearttech]

5k is relatively cheap to replace a hvac system. Could be 10k or more depending on the size of the unit and the complexity of the job.

[@Addis-d3z]

You guys are a hero 💜💜💜🙏🙏🙏🙏 telling the citizens what’s going on for the past at least 12 months

[@jonsnow899]

Travis I am very sorry to hear about your cat. We had to put our cat down this past April. Where did the shark attack happen? Surfside Beach? There are a lot of shark attacks there from the bull sharks. Hang in there man.

[@realestatemindset]

Bolivar, and it was 💯 my fault. I over reached when dehooking.

[@SirCarlosMusicBMI]

🎉🎉🎉 Thank you Travis for this video with Melody. It’s always great to have both of you on your channel. Blessings,Carlos ✝️🙏❤️😊🇺🇸

[@jimtillapaugh5551]

I had to buy a new A/C unit 😢 and it broke my bank 🏦

[@tobyk5149]

the repair man likely lied and could have repaired it for a few hundred dollars. Usual problem is the start/run capacitor which cost $20 and takes 20 minutes to replace. Always get 2nd or third opinion and if compressor did not fail, just find someone who will repair the problem instead of pushing a new system. Too much dishonesty out there in the HVAC repair business. Do not trust anyone who says the whole system needs replaced.

[@deebrown7160]

Might be 20 years old​@@tobyk5149

[@Love4puppies]

Thank you for the kind words and encouragement:)

[@Dre2Dee2]

Divorced people SHOULD have shame as failures, because it is the ultimate failure. "Till death do us part!". Every single divorced person said it, and every single one of them was a LIAR. That is shameful, stop excusing these wretched people.

[@Michigancvhi]

****let’s say home owner is 90days behind and the lender knows it and sells the loan to another lending company won’t that delay the data too! !?!

[@elliotthovanetz1945]

This was more like a self help video. I like it.

[@midnightdragonfly9707]

Let me elaborate, you can see how true your friendship is and loved the story Melody shared about dinner with your family. Togetherness is the best part of life, not getting money or things

[@raymond_sycamore]

TRAVIS THERE IS A BEAR BEHIND YOU LOOK OUT

[@OURTABLE2017]

I’m starting to get pass the idea of owning property (house) and focus on acquiring the land first. What do you all think?

[@stevepelles1811]

Very risky for first time buyers.

[@AlmaMelvin58459]

Property tax you own nothing.

[@user-qb8qm4mp5n]

Very expensive to put in water (well), electricity, sewer (septic), and gas to vacant land.

[@OURTABLE2017]

@@user-qb8qm4mp5n It’ll be less than life long generational property taxes maybe. 🤷🏽‍♀️

[@americandefender6884]

Don’t buy land that has HOA and be sure you have water and mineral rights and direct access onto that property without having to ask your neighbor if you can have access on their land to access yours!

[@stevepelles1811]

As an Appraiser during the 2009/10 downturn I was kept afloat by completing pre-foreclosure drive-by and bank REO appraisal work. I do not even see one of those foreclosure orders per month now.

[@tobyk5149]

that is 2 years away from now IMO

[@deebrown7160]

Keep waiting it will be 10-20 years 😂😂😂😂

[@Fabmille]

@@deebrown7160naw. Our county sheriff’s office has an increase in foreclosures the last two months

[@wallye8713]

Love this data cause I’m in a home I can afford. People have been marketed and brain washed that a home is supposed to be more than shelter. I live simple. I love my life. Yes ups and downs. Happiness and sadness. People need to live within there means. It’s crazy how you tubers are so wide in what they promote. It’s insane how behaviorists are used by the privileged to take money from the uneducated sheep we have created in America. Not only 18 yr olds but 60 year olds. GET OFF STUPID social media if ur not capable of distinguishing between reality and fantasy. Even KZbin is full of “influencers” that make cash on you wasting time watching idiotic videos. You will never get that time back. Simple: your time is valueable stop giving it to others for free

[@jeffreycheng5984]

"You will own nothing and you will be happy about it!"- Klaus Anal Schwab.

[@Thyalwaysseek]

I don't think Melody really believes that because she doesn't talk like she understands how corrupt and evil those in control of our world are and what they have planned for us.

[@mpduncan67]

Melody is great

[@seanwendygodisamazing6340]

Love it ❤❤❤❤❤❤🎉🎉🎉🎉

[@magicalwishes7715]

That’s pretty cheap $5000 for an air-conditioning. They’re usually seven to $8000-$9000. That’s what an AC runs believe me I know I just replaced one.

[@kathleenepugh9495]

Replaced just a condenser for $1500.😯😲😳

[@tobyk5149]

get a second and third opinion when some “professional” says it is not worth repairing. Typically can be repaired for less than a few hundred dollars unless compressor failed

[@kathleenepugh9495]

@@tobyk5149 My bad....it WAS the compressor that cost $1500. Oops 😬

[@magicalwishes7715]

In this case, we’re talking about changing the compressor, changing the air conditioner the furnace and lines that’s what you’re looking at. Don’t forget when you change the air conditioner you might as well change the furnace because they got match up.

[@jackiechai1545]

You guys are the best. Seems like a giant cover-up. Thanks for the critical lesson in interpersonal communications to get us through these never-ending crazy times. ❤

[@Thyalwaysseek]

Seems like because there is and it's not going to end well for any of us.

[@PatamaGomutbutra]

I would save this clip for listening again and again🙏

[@wacio]

They got cheap AC. Good one is $10k+

[@OURTABLE2017]

Where are the ERA funds for homeowners ? The funds - in the billions are hugely focused on assisting renters and landlords? 🤔 Guess who still wins.

[@michelleg1076]

The simple things in life are the best!

[@joemartin8888]

Always a great guest

[@jorgecasamiquela1186]

Totally Bonkers Kid 😮

[@andrewmcrorie3096]

gotta sit back and chuckle at all these people regret buying the house that they fought so hard to get. the irony is spectacular

[@nina4161]

Love you guys!

[@ChrisMIA]

money can save time...

[@jorgecasamiquela1186]

I like Mel 😊

[@markokrasinski8033]

Live and Learn

[@MavRick69]

What are the downfalls of renting?

[@tobyk5149]

how old are you?

[@glendacastillo6504]

Nasty, noisy neighbors with dogs

[@MavRick69]

@@tobyk5149 age is only a number.

[@MavRick69]

All I hear is how terrible home ownership is. All the unforeseen costs, losing money and stress. And I also hear how empowering renting is. No surprise costs, flexibility and stress free living.

[@MavRick69]

@@glendacastillo6504 could have that when owning a home. It would be worse as a homeowner. Renters can break lease and move at a fraction of the cost of selling a home.

[@anomaly2990]

Melody is so stinkin cute 😊

[@Annajsee]

Let go let god 🙏 ❤

[@john.johnb_online1438]

Thank u

[@mcmc7746]

Bonkers

[@ivjg2233]

Melody can you please start a channel on how to be so sweet like you.

[@InnovativeSustainableSolutions]

Melody!!

[@edwardsteinmetz-gl3zl]

For the algorithm.

[@Miamitechsalesentertainment]

Breaking news 🗞️ KZbin WILL STOP 🛑monetizing KZbinrs Anticipated crash’s coming to KZbin The end of bla bla bla videos

[@Annajsee]

BonkerZ!!

[@sh2668-k2p]

Just love you both and always enjoy hearing/seeing Melody. We really need “The Golden Rule” back in society. The politicians are modeling such hate. Time is the only ‘currency’ we spend but can never replenish.

[@Thyalwaysseek]

Nothing good is coming for us as a society, the sooner people accept that the better they will be.

[@markokrasinski8033]

Optics

[@Esperia-ef9xh]

😢

[@mcmc7746]

Yahweh/ satan is god of the OT, Jesus tells is this in the NT.

[@tobyk5149]

whaa?

[@mcmc7746]

@@tobyk5149 Luke 9:55 also proves what I am saying is true

[@mcmc7746]

@tobyk5149 they're censoring my responses....John 10:10; Luke 9:55, but it's the entire book actually.

[@SamHeine]

I'm number 4

[@VOLVO2LUV]

HEY

[@terryllee7706]

He or she ?

[@tobyk5149]

who cares what is your preferred pronoun?

[@gonul2163]