People CAN'T PAY THE PROPERTY TAXES!

Since the start of 2024, I've been coming across more and more properties on my real estate walks that are delinquent on paying the property taxes. Just one year ago it was rare to see any property that was delinquent now I'm seeing at least a few each week. I guess the economy and the housing market is not as strong as we continually are being told.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[@MichaelBordenaro]

Home Sellers Will Receive MILLIONS IN COMMISSION REFUNDS! kzbin.info/www/bejne/baaqhIiJarhonbc

[@floydestelle6242]

5.00

[@Theoptionslife777]

Don't know how much of that won't get eaten up by the lawyers. we will see. Its all Bread and circuses .

[@tomsapolis2816]

Michael, HOA's clearly have become a huge problem for lots of folks. Could you do a video explaining how HOA's came about and why they hold so much power today?

[@barrywegner7779]

Hey Der michael guy, how about directing the budget pie for a city. It explains where teacher pay comes from, what portion covers pensions, operating costs, etc. Teachers and city workers only receiving penny's on the dollar may surprise them in the future.

[@barrywegner7779]

Disecting

[@ryanwilliams989]

The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.

[@TheresaAnderson-kf5xw]

I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.

[@maryHenokNft]

Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

[@maggysterling33254]

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

[@maryHenokNft]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with *Gertrude Margaret Quinto* for the last five years or so, and her returns have been pretty much amazing.

[@BiancaSherly-qt6sb]

She appears to be weShe appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@im4485]

There should be no property tax. You either own it or you don't.

[@Pondapple]

Who's going to pay for schools, roads, police, street lights, etc.?

[@SantysearfBearprojects]

If you don't want property tax don't buy property

[@michaelmorgan9009]

@@Pondapple income tax..sales tax.. also, street lights is part of the electric bill you pay already.

[@i_brought_a_flower]

I agree! Pay tax once and have it included in the mortgage. Where there's an end to the tax

[@im4485]

@@Pondapple you already pay taxes on everything else. Look at the income tax. I pay shit ton of money there. Then they make you pay sales tax on top of it and a whole bunch of other taxes.

[@chriscabiya]

Just went on a listing appointment yesterday because the prospect can’t afford the property taxes anymore. Guy has been there since 1978 and is now forced to sell. Property has been paid off for years. You’re essentially just renting from the county because if you don’t pay the taxes, they’ll sell your home on the steps of the court house. So, do you really own it if they can take it away from you?? Not only is it wrong but in my opinion, it’s outright criminal.

[@TrueBeliever6491]

Yes it is criminal.

[@youflatscreentube]

In Florida the taxes on your primary homestead can’t go up more than 3% per year, no matter how high the value goes up. Michael never mentions this.

[@cannotbeshaken7889]

It is criminal, and I think Biden is behind it. If this happens to all the houses, then where are people going to go? And how are they going to sell their house to get out from paying the taxes? There will be no buyers because the buyers can't afford the taxes either. Then what? They foreclose, and you lose your house that is paid off, with all it's equity in it. Then they give it to illegal migrants. Sound about right?

[@cannotbeshaken7889]

@@youflatscreentube Actually I think that 3% means they can't tax over 3% of the home value. For example, if you have a 500K house they can tax you as high as 3% but not over that. And 3% of 500K is 15,000.00 per year.

[@rhaastaa]

Impossible - save our homes keeps it no more than 3% of the last year tax bill - not the price of the home- it also can't be more than the CPI ---I bought in 2009 and my home is also almost paid for- I have no fear of being taxed out of my home and I am in the Tampa bay area where prices rival Miami's

[@ds29912]

This is by design. Remember" you will own nothing, and be happy". They stopped saying it, but they didn't stop forcing it.

[@johnsigma7710]

They can't get away with saying the happy part anymore.

[@jacktumblin4985]

Gee, if only we knew who "they" are...

[@gregh7457]

@@jacktumblin4985The black helecopter people

[@userunknown294]

Lets just let the home Values Crash and then property Taxes will be lowers. Lets all agree to sell our properties for a lower price.

[@censoredeveryday3320]

I really wish people would stop copying and pasting this

[@chrishartman9467]

a house valued at 280k in 2019 shouldnt be valued at 760k 4 years later what a SCAM

[@SegoMan]

What you paid for your house should set the property tax rate for the ownership period. no raising or lowering,,

[@rjny51]

So if you were to sell the home for 760k to someone that's ok? Right?

[@zachlafond2652]

its a bubble..think beanie babies.

[@SegoMan]

@@rjny51 Then the new rates (gain or loss( sets their rates.

[@paulconner4614]

@@SegoMan Great for old people, totally sucks for young people who then have to subsidize the old people's lifestyle. (p.s. this is how it works in California ).

[@profit-engine8001]

The public does NOT understand that high home values does NOT help the homeowner! The beneficiaries of high home vales are Banks, Insurance Co. & Tax Collectors. The public is getting screwed!

[@kristalk4307]

Charlotte NC. Corporate buyers ran my neighborhood up in value. Appealed value and city said it’s based on the sales around my home. My appeal was denied.

[@benton-benton]

That sucks. @@kristalk4307

[@SegoMan]

@@kristalk4307 Did you get bumped up as a thank you? They bumped mine 5K the last time I contested.

[@patrickshea3619]

Property taxes go to city/county coffers, where is Gov. Desantis on this, he is the savior of citizens

[@blackworldtraveler3711]

Yup. One of the reasons my primary home is in Oklahoma. Just slow and steady with low taxes.

[@michaeld5]

See folks, you never really OWN your home, you're simply renting it from your local government. Never forget that.

[@kathleenwagner7415]

True you may never own your home but you are the only one that has the keys to your home, when rent you and the apartment complex has the keys, when I rented apartment you would not believe how many times they came into my apartment thinking I was not home. Scary

[@scotimotti]

Yup home ownership is a joke...I paid my house off 10 years ago. Now with tax Increases and insurance increases, I pay MORE for just taxes and insurance than I did when I was paying my mortgage with taxes and insurance included

[@graywolf2694]

​@@scotimottif that, I would rather sell and live in my rv

[@davidbaumgardner8374]

The state needed a portion of my property for a highway expansion and they paid a HEFTY amount for it they must have thought I owned it cause they sure got their wallet out

[@biform13]

@@kathleenwagner7415 Who needs keys today?

[@thisisyourtransmission]

Property taxes allows the government to do one of the two things: 1) keep you slaving for the economy or 2) Take your house away and throw you on the street. People have to protest in mass for the right to have shelter, it is a natural right!

[@lickitysplit2413]

Hmmm, anyone ready for a tea party yet?

[@rfxtuber]

Wont happen until people wake up and stop thinking about themselves... We are all in it together literally!!!! We need a reset.... the banks have given themselves how many resets now? 20? We need one.... demand it and take it...

[@reefread1234]

Funniest part is the UN says these things our covered it will be funny when the people ask for them to follow through with what they written as a part of our social agreement it will undue them oh well.

[@frankiebflat5728]

Can you imagine paying like $1500 a month with taxes and meanwhile the streets are full of potholes graffiti everywhere where is all this money going?

[@larrylacy5453]

In Missouri, the bulk of real estate taxes goes to the school.

[@jefff8130]

Stolen.

[@NoDaysOff-oz2zl]

Pension plans.

[@wildbikerbill6530]

In Illinois, Cook County is called Crook County. It is the city of Chicago plus some extra suburbs to the north and west. It is a black hole for taxpayer dollars.

[@andrewkaska471]

Feeding the useless bureaucrats,local government officials who do nothing,know nothing.

[@chargermopar]

You DON"T own it if you have to pay to not lose it.

[@eliotness107]

Exactly. And what do people really get in return for the property tax? I need someone to inform me

[@BREEZYM6015]

You don't own by renting either so pick your poison. 😂

[@TheLethargicAge]

⁠@@BREEZYM6015But at least you don’t have to spend more money fixing anything that breaks. Homeownership gives you the illusion of wealth.

[@dagramirez]

That’s life!!!!

[@Nyx_88888]

truth! I always tell my friends "try not paying those taxes and see how long it takes for them to come steal your property" its akin to dealing w the mob

[@Denali_Rebel]

I have a few acquaintances that have been given paid off homes by their parents. After the massive skyrocket in prices they can’t afford to keep the houses and have been forced to sell. Absolute insanity that someone can’t afford to live in a paid off house on paid off land. We need property rights in this country NOW.

[@rhaastaa]

A free and clear house? I call bullshit- still cheaper than also having to pay a mortgage-

[@truthseeker1959]

We need a new government NOW.

[@zoshamckinney3271]

We need a new monetary system. Home prices are high just like stocks bc of the massive money printing that's going on to keep the system from imploding.

[@arcmusic7284]

High property prices are an aid to banks because (when a mortgage is being repaid) theoretically the price of the house is the bank's assett. Of course, when the prices fall or plummet, then the banks have to find fiat from somewhere else to plug the gap (maybe CRE this year?) but, until the dominoes start falling, then the banks look solvent, the government squeezes money from house owners via fictive property taxes and the only people squealing are the tax slaves.

[@conniesheraw4702]

Even worse for senior citizens that have paid off homes but are forced to sell because of ever climbing taxes.Shame on the government

[@wualli2494]

Property Taxes is one reason why I left Florida and the U. S. Property Taxes are absolutely ridiculous.

[@roadtrip2943]

I pay 1600 for a 1900 sq ft modest home in a desirable town in AZ, per year

[@wualli2494]

@@roadtrip2943 I pay $500 for a luxury condo in one of the finer neighborhoods of Asuncion Paraguay.

[@chrisnagel4827]

I paid over $6500 for a small, older home in a middle class neighborhood in the suburbs of Chicago! It was actually in Cook County! I sold it, but I have to admit, I miss it!

[@memelc5655]

Texas is terrible too !

[@roxannerobertson554]

Oh yeah? Name a state that has NO property tax….i’m all ears….

[@barryhill6482]

Confiscation by taxation! I believe this was a history lesson awhile back.

[@factsplz2248]

What history lesson? Do you mean the, "taxation without representation." Sorry, but John Hancock was the richest man in the colonies, and he had 50% of the tea imports, and the British government sold the other 50%. To get more market, Britain put a tax on other tea -- John Hancocks. So he made that famous quote, got white buddies to dress as Indians, and had the Boston Tea Party by dumping British tea into the harbor. And THE REST was history -- the Declaration of Independence was over the John Hancock's potential lost income. And all the nonsense we're taught, like the tea tax was some big deal.

[@msgmak1379]

Non property owners will always vote for teacher, police and fire raises every year.....

[@gjmjajaj]

but nobody wants to learn from history

[@jamesrecknor6752]

Vote the confiscators and closet communists out

[@seanneary4186]

I'm in Illinois and they would tax the sunlight if they could!

[@MuzicTunes-lk6np]

Plus, the air that you breathe.

[@Kacee2]

They are about to do just that. It's called "carbon tax ". Soon you will own nothing and be happy.

[@zachlafond2652]

The state pension fund needs every nickel and dime it can get its hands on.

[@ThePerfectSeason1972]

Don’t give them any new ideas

[@DS-wo8wr]

Don’t give them any ideas!

[@JeanneKrent]

The assessed value of my home in western New York State went from $119,000 to $252,000 in one year. They are taxing us out of our homes! Do the math. That's more than double!!!

[@michaelsmith5583]

This and look at Amherst Ny, jacking up the values and mil rate by over double digits.

[@islesofshoals3551]

The teachers union is a major problem in NY. A very entitled group

[@tommytomhan]

My credit score is 826 and my car insurance went up 25 percent on my 6 month renewal. Homeowners also went up 25 percent. I am retired on a fixed income so this is crazy.

[@faye5942]

Mine too. Does often. All u do is call another company. It'll be as low as b4...it's a game..it happens to me alot. They just see if u will pay it. Call and switch it right away.

[@bernaclischurchill4463]

@@faye5942 I am retired as well, and I did the same thing. Got a good quote.

[@formula112967]

yup, my credit score is the same and both my car and home insurance also went up 25%

[@tommytomhan]

@@formula112967 The insurance companies just don't give a crap about the citizens at all. It is bad enough when things go up the same as the cost of living but this is ridiculous.

[@Michael_RareZebra]

On a fixed income here too.....I had to download the safe driver apps to track my driving habits just to try and get a measly 10-25% off. My insurance renews next month so can't wait to see what discount I get. By the way, very safe driving all in the green in the app.

[@layneewilson]

In 1996, I paid $99,900 for my home. I should not have to be paying tax value for $440,000 when I haven't sold it.

[@davidwallace2664]

true taxes should only go up more then 3% when sold. This would allow people to remain in their forever home.

[@BM_100]

@@davidwallace2664 they don't want people to remain in their homes forever. They eventually want to put people in "Soviet" style housing where everyone lives in centrally planned government housing.

[@MrDCMiami]

@@davidwallace2664 The point is, their goal is to EJECT us from home ownership.

[@InvestisseurAmericain-ur7ij]

Yes you should. Money is needed to help in Ukraine and Taiwan

[@nmb5588]

That is the biggest government scam.

[@MsD11W]

The correct term is Crook County, Illinois! It’s AWFUL in this county.

[@Mudnuri]

I'm shocked at the amount of people that side with the property tax situation we have. If the funds generated by the tax were truly used as supposed to, our schools, roads, ect... would be top notch. Over taxing is the real problem. Corruption is HUGE

[@itsallperfectlynormal9805]

☝️🎯💯

[@michaelsnively3621]

Heck, I keep paying for substandard public schools, and I don't have any kids that I know about.

[@sues3218]

I homeschool my kids and still have to pay those public school taxes myself, on top of footing the bill for homeschool. Our system is completely broken.

[@jeltoninc.8542]

So obviously all of us are pissed… let’s organize and get something DONE ABOUT IT!!!

[@redtiger7268]

In Texas once you hit 65 you can petition to have the schools portion removed from your property taxes. I have seen it drop by 50% in some cases.

[@trylottie2372]

Just imagine if no one have kids they wouldn’t be able to afford the upkeep on the schools. I don’t have any kids but pay school taxes. But like the previous post in Georgia they removed it when you make 65.

[@michaelsnively3621]

@@trylottie2372 unfortunately a lack of money doesn't seem to slow down government spending, but I hear you.

[@dandrake337]

The idea of property taxes is absurd. It’s just a plain old shakedown. Our government is too big and too corrupt.

[@setha360]

Based on UK Kings Law you never own anything they can take.

[@TUBESPECIFIC1]

Annual property taxes used to be really low like $20 to $100 a year. Even a used car produces you a sizable tax bill to renew plates and maintain ownership. It's a shakedown as is the inflation. To keep us tapped out and dis-empowered under the false guise of being patriotic putting citizens first. Horrible.

[@kaydublin5164]

Thank a democrat

[@fredbatschelet]

It is none of the government's business (or anybody else) how much money you make. Think about it!!!

[@disguiseddv8ant486]

Have you all not watched the old Saturday morning Schoolhouse Rock?

[@davidlea-smith4747]

As someone from the UK I am amazed how high your property taxes are. You need another tea party protest.

[@jakeforrest]

I am from Denmark, and I am also surprised.

[@lauriegriffin1835]

😃 lol

[@basspig]

In Isha College Japan the property tax is amortized to zero on the building after 20 years. Beyond that point you're just paying the unimproved land value. So a 3000 square foot home on an acre of land the tax is under $400 a year. That's why I prefer Japan over the United States and about 150 other reasons as well.

[@BREEZYM6015]

Would you be willing to organize a protest for us? 😂

[@BREEZYM6015]

​@@basspigCould you list the 150 reasons so we can all see? Perhaps you could write an article in a blog.

[@makecorollagreatagain1876]

This is why I live in a van down by the river

[@tobyk5149]

smart!

[@WWet80085]

Back in the day. MN governor Jesse Ventura wanted to set property taxes based on the original purchase price. Since people move on average every 7 years it would all balance out. It would also protect seniors from being taxed out of homes and it would encourage people to spend money on renovations. Of course it never happened. It makes too much sense.

[@rebeccacarter1914]

Love Mr. Ventura!

[@lenguindon5019]

I cant pay the property taxes. Cuz my Bills are TOO DAMN HIGH.

[@matthewmckee9914]

Yep we are all feeling it.

[@bearball49]

One of the reasons I let my house go back to BOA. I live in a cheap rental I am ashamed of but I can almost make it now.

[@brooklynn52dee38]

@@bearball49 We all need to do what we need to do! Beats the street, stay well!

[@Alex-jx5bx]

😁🤣

[@eminglewood4593]

​@@bearball49You just keep rocking and be comfortable. 💫

[@nismoman420]

Property taxes SHOULD NOT EVEN EXIST!!!!!!!

[@robertbrandywine]

Why?

[@Stoneface_]

​@@robertbrandywinecuz it shouldn't

[@1x93cm]

@@robertbrandywineTax should be paid on the buying and selling of an item. Do you pay a yearly tax on your car? You could say maybe fees associated with driving like insurance and registration but does yearly tax apply to anything else you own? A computer, a video game, a furniture set a TV etc? No. You pay the tax on purchase, so why should a house be any different.

[@basspig]

@@1x93cm many states do Levy Automotive taxes and some towns will tax your stereo your TV your diamond rings and other jewelry as well. It's criminal. But people put up with it because their brainwashed into thinking that somehow the free market can't Supply the things that only government can supply which is tyranny Wars and ultimately death of millions of people.

[@erikbusenbark4865]

We are taxes multiple times on just about everything but food, water and air, and that will probably change.

[@user-ct9nx3wd5t]

I sold my house in Plano, TX in 2021. No more maintenance, school taxes, property taxes and lawn service fees, huge electric bills, garbage pickup fees, home owners insurance, etc. Got an apartment with pool and workout facilities. Loose some privacy but no more headaches.

[@cannotbeshaken7889]

So, they are only raising property taxes on houses, and rental houses, but not apartment complexes? It is better to own because once you get it paid off, your only paying the property taxes and HOI. Which is a lot less than paying rent and HOA's on an apartment.

[@9thman701]

You own nothing and are happy about it

[@marknewton6984]

Equity?😮

[@FATBOY2222]

My auto insurance just tripled. No accidents, no tickets in 15 years. And my cars are 2015 Corolla, 1991 Chevy Caprice. Credit score was 800 last I checked. No debt except $167/month auto loan

[@nelliesfarm8473]

For full coverage?

[@nelliesfarm8473]

The General insurance is super cheap

[@raulgutierrez5862]

I'd start riding a bike if my insurance tripled.

[@sleepmoneyken9234]

Damn man

[@sargepent9815]

Between the taxes, HOA fees, Condo assessments and INSURANCE, Florida has a massive issue brewing. People are BROKE

[@stevenphillips3466]

No, just attracting a better class of people

[@darylyost7273]

HOA and Condos are for suckers!😢

[@EroticOnion23]

That's the plan, the rich will force you out with these increases so they can buy it all up

[@cannotbeshaken7889]

@@stevenphillips3466 Your disgusting. So, only rich people are good people? This is happening to middle class regular people. People with Bachelors degree's and good paying jobs. You know, even rich people can lose their money, and go broke through no fault of their own. And it can happen to you too.

[@AlexBrandon.]

I sold a house in Chicago in 2014 because of taxes... I shudder to think what the taxes are today

[@JohnQPublic345]

Same. We were paying $12,000 / year. 2250 Sq ft home

[@Peter-tk6rm]

Mary Lightfoot looters moved in Zero taxes is my bet.

[@churchofpos2279]

I sold my house in California , due to the high property taxes. Moved out of state and now my property taxes are only about 20% of what I used to pay. When I turn 65, there will be a cap lock on what I will have to pay. Life is good.

[@ConnieMangler]

I don’t understand why seniors have to pay property tax. Most are living on SS and that’s it.

[@thedude8526]

At some point, I feel like property taxes should be on a amortized chart and become less and less as people age. Makes no sense to make elders pay the exact same price or more in property taxes all their life.

[@BullSheeper]

But young people who make far less than seniors on average should? Abolish it all together

[@RealLifeFinance]

Because govt hates old useless eaters. Should be free taxes and free utilities for those over 65 or 70

[@robertharrelson5024]

Where I live there is property tax reduction for seniors that make less than $64,000 per year. Under $46,000 property tax is reduced close to 80%..

[@ebayerr]

@@robertharrelson5024 What county and state is that?

[@circleforalanding]

I'd like to know how much those houses cost when they were new. My parents bought a new brick 3 bedroom w/full basement and garage on a 1/2 acre for $13,000 back in 1963. That house has not increased in square footage and just sold for $900,000. Yes, that's right 900K. Unbelievable.

[@elw6150]

Shows how worthless the fake currency has become, and the overpopulation that non-stop breeding creates. We're seeing it at the border, folks!!

[@tobyk5149]

unmitigated inflation

[@marknewton6984]

Nice!😮

[@stevenphillips3466]

That's what the Blues Brothers Movie was all about back in 1978....Property taxes on the Convent ....5,000 dollars to the Cook county assessors office

[@tobyk5149]

lol and driving thru Dixie Square Mall

[@paulc1352]

Illinois property taxes are insane....Tax and spend democrats have ruined that state !

[@jonathantaylor6926]

Women teachers in Chicago retire at 55 or less and then get paid over 100K a year in retirement.. women can easily I've into their 90's. Millions of dollars per teacher.

[@user-ll4lf5go1m]

@@jonathantaylor6926 True in the Chicago area. There are 2 teachers unions in the state, one in Chicago area and the second covering the rest of the state. Guess which union has not paid into their own members retirement accounts for years and wants the state to bail it out. It also tried and failed to merge with the solvent and up to date in member contributions non Chicago union. Police, Fire and sanitation workers in Chicago have the same sweetheart retirement deals that is killing the rest of the state with taxes.

[@kaydublin5164]

They’ve ruined EVERY state.

[@wifiunove1650]

If you pay more than 100$ per month in taxes, you are renting. Came to portugal. I pay 250 a year

[@AlphaJ369]

I'm 60 and this is by far the worse economy in my lifetime but they say things are great? This is criminal and those in charge deserve lengthy prison terms!

[@mr.duckplucker5353]

I couldn't agree with you more. I'm 57, and it's never been this bad. What makes it even more egregious is this is all due to Joe and his reckless fiscal policies. Paying billions to Ukraine, stopping oil production, to say nothing of the border. The most criminal administration in the history of our nation. The economy is gutted. We're being overrun by illegals. Groceries are skyrocketing. In short, it's a total dumpster fire, and ice cream boy says the economy is fine. What we need is military tribunals and to bring back the gallows.

[@tobyk5149]

FJB

[@mr.duckplucker5353]

Joe is delusional. Lying 🤥 on a daily basis. He has inflicted more damage on the American people than any foreign occupation army. He is a disgrace.

[@acamiln8354]

It IS great, but they did not say to whom. :)

[@virginia3222]

Unemployment has been under 4% for over 2 years. It is probably not the economy’s fault that you are doing poorly.

[@rogerbec5766]

Well, someone has to pay for those fat civil servant pensions.

[@SuperQdaddy]

Civil servants make the world go round

[@3621bedroom]

Someone has to pay for the 40 Million illegal aliens schooling, free healthcare, and subsidized housing. At least the civil servants are citizens.

[@absolutelynonameslef]

@SuperQdaddy some of them do. The majority make the world go round in circles.

[@sargepent9815]

Also, yes, I personally escrow my property taxes, but my bill (PMI, principal, and escrow) increased by more than 300 dollars over last year. Many people are so tapped out they CANT pay an extra 300/month. That's a car payment

[@stevenphillips3466]

Damn, I WISH that was a car payment these days

[@NerdsWorldNYC]

Sounds more like the full coverage for a car, even ones that are paid off.

[@terrihansen2089]

It sounds like you are happy about that. I would rather use that 300. towards a car or something. It sounds like you are getting ripped off.

[@sierrasky2491]

Agree. The crazy thing is, the car payments now are 600 a month to $900 a month.

[@terrihansen2089]

@@sierrasky2491 I agree with you. I just think these escrow accounts are scams too. Just to charge an extra 300 is insane. The car payments are scary. They are as much as what house payments used to be.

[@ronlarson6530]

$35K/yr is $96.00/day... what kind of service do get for that??? Theft 😮

[@beckyforbis4858]

My husband and I own our home, we’ve had it for 34 years. It’s paid for and we are having trouble keeping up with the property tax increases. Really hard on a social security check as our only income.

[@jackwilson3121]

State & local governments set property taxes.

[@Robbnok]

@@jackwilson3121 And your point?

[@beckyforbis4858]

@@jackwilson3121 Yes they do and we have been fighting it.

[@chillwill5080]

One thing for sure: when your property value and prices on everything go down, thus less tax receipts.. Not one government employee will take a pay cut. 😕

[@FloatingThroughTheRealm]

I watch you every day after work. For whatever reason, you calm some of my anxieties. I guess it’s good to know I’m not crazy, the issues are real. I’m not the only one out here stressing, wanting to buy a house, but not wanting to buy in this insanely inflated market. Thank you for taking the time to do all of this every day. It’s nice walking with you 😊🌴🌺

[@james-sb3ot]

My wife and I....pay around 1600 a month in a 1 bedroom.apt...and we're going to keep it that way...we make well over 100k.....2nd highest tax rate in the nation...we're saving as much as we can...and we are not going to buy a house...avg....house is 500k in Oregon...they can have it!!

[@len9743]

Your patience will pay off. Keep saving 😊

[@commonsense6967]

My son and his family live in Portland and want to buy a house there. (NOT where I'd choose to live, but they're adamant.) They're just starting to look. I hope they come to their senses, because OR is way too expensive, among other things.

[@benjaminwlang]

$1500 a month?! WTF!!!

[@truckeraccountant]

Property taxes should be based on yard sqft, NOT sales price!

[@ChrisG9978]

That's not the way it works. What about people who own acres of land for farming or hunting with no habitable structures on the land? Property taxes have always been based on the assessment value of the habitable structure on the land, not how much land someone has...though acreage generally increases the overall assessment value of a home.

[@maroon9273]

That's why we need to stop voting people who raise taxes and cost of living.

[@ChrisG9978]

Good luck finding a candidate out there to vote for who supports your position. None of them do.

[@rafalrocks]

wut? You'd like to have a guy in the hood with a double lot pay more in taxes than some millionaire on a single lot in the ritzy burbs?

[@ChrisG9978]

@@rafalrocks Exactly why I responded that's not the way it works...property taxes are always based on the assessment of the habitable structure. Someone with 150 acres of land living in a double-wide trailer is going to pay FAR less property taxes than the millionaire living in a 7500 sq. ft. McMansion on a 1/8 acre lot.

[@BigGuywon]

We will OWN nothing and be happy. KS

[@maroon9273]

More like be miserable.

[@SegoMan]

@@maroon9273 Num Num love those bugs.........

[@kipincharge2833]

😠not happy🤬😝

[@NerdsWorldNYC]

Build-Back-Better y'all even if they send us to the poor house while doing it ☕

[@Bodypaintguy]

My property tax doubled last year. Local schools are under major budget cuts and lay offs this year. It’s not penciling out correctly. Where’s it going ?!

[@s99614]

Government employee defined benefit pensions.

[@cannotbeshaken7889]

I thought they could only increase the tax a certain percentage each year. How is this happening?

[@michaelray7972]

I have a 782 credit score my insurance increased 70% I have a picture perfect driving record

[@AAS1-kp9cs]

My property tax, HOA, and home owners insurance together are $1000 a month. And that’s just for a modest townhome.

[@makosharksimmo8124]

Probably as much as a mortgage payment per month

[@tobyk5149]

almost as much cost to rent an equivalent townhome i suspect

[@Mike-zf4ev]

The taxing bodies use property owners as their own personal piggy banks.

[@zander7283]

My beater car I own is worth less than 2k. My car insurance for bare minimum cost more than the value of my car each year lol. I only bought a beater to save money but the cost of bare minimum liability insurance doesn’t make sense to me

[@jonleone777]

Now you know why people dont have auto insurancel

[@stephenyoung2742]

In 2021 property values started going up by 2023! A home even out in the boonies went from 100k to 150k! In Colorado 300k to 450k! I am talking about rural areas!

[@chrisweidner4768]

Ever get the feeling that our government doesn’t serve “we the people.” “You will own nothing and be happy.” Hmmmm. Weary of the trends.

[@drake_leo2152]

Hey! Stop telling the truth….

[@nikopoulos5241]

Whoa very antisemitic of you to say that!

[@billyhighfill]

Man. Marsha sure liked you!!

[@CliffNotesAnesthesia]

Comment I was waiting for 😂 the shades did it 😎 😂

[@TheSparkySpitz]

Marsha Marsha Marsha! ❤

[@BREEZYM6015]

Wasn't Marsha a mannequin in a Twilight Zone episode?

[@jeffsnow7749]

Reeling them in is far easier than chasing them!

[@darkgardenrecords9264]

Shoulda got them digits 😁

[@andrewhall2235]

Florida here as well...my insurance rose 71% last year, 81% this year. Too scared to look at the taxes. But in the past 4 years my monthly payment toward mortgage/taxes/insurance has nearly doubled. Its insane!

[@Theoptionslife777]

I'm 800 plus credit score and my insurance almost doubled.

[@davidhunternyc1]

At 14:54, meanwhile, the CEO of Stellantis, Carlos Tavares, received a 56% boost in total compensation to $39.5 million in 2023. That's $760,000 a week !!! That's more than an autoworker makes in 10 years. If Stellantis were struggling so much, why did Carlos Tavares get a 56% bonus? The rich cry poor and the masses buy it !!! This has got to stop. We've got to revolt.

[@stevenphillips3466]

but hes doing such a great job ....

[@s99614]

Presumably Stellantis is very profitable outside of the US.

[@tobyk5149]

F Stellantis garbage low quality vehicles

[@PhilippeFernandez]

Lumber prices are at their lowest in years. There is no reason for property insurance to be so high.

[@InvestisseurAmericain-ur7ij]

Salary of worker. Like car maintenance.... What cost is people

[@1969bones69]

Lumber? Particle board is whats used in these cardboard stick hovels that pass for houses in the US today.

[@shirtlesslager]

Not true. Lumber has not fallen in price.

[@tobyk5149]

@@shirtlesslagerlumber prices have fallen drastically in the US. Go online to Home Depot and check the price of a 2x4x8. Lowest lumber prices in years.

[@marilynh5487]

My mom passed away February 12th 2024 her house is in a reverse mortgage she borrowed $80,000 maybe about 15 years ago. We now owe 132,000 on her house. we are putting the money together to get the house out of reverse mortgage and it's in Miami so the houses are worth about $400,000 is a 5% reduction on the value of the house

[@cavalieroutdoors6036]

I suggest making it fast. When my grandparents passed they had borrowed 90K on their house. First the reverse mortgage company wanted 120K, then suddenly they reassessed and decided they wanted 160K. Ultimately we lost the house.

[@formula112967]

Did your mom tell anyone in the family about her reverse mortgage?

[@MrDCMiami]

The paradigm is changing. Home ownership was once a trophy and a form of savings, wealth preservation and leaving something for your descendants. Now? "Home ownership" is a case of YOUR HOME owning YOU!!

[@jackwilson3121]

Go ahead & pay $1800/mo in Florida for 30 & see what you end up with after the rent goes up every year.

[@suntzu94]

My parent own a house in Mexico worth $150,000 and their property tax for 2023 was $600 dollars! There is no way I’ll be able to afford PT in the US when I turn 65

[@cannotbeshaken7889]

Yet all the Mexicans are flocking to over here. I don't get it! I'd rather live in Mexico!

[@suntzu94]

@@cannotbeshaken7889 all? I’m here in Mexico and it’s full of people, I think you confusing Mexican with everyone else from Latin America. The same could be said about the English, Italians, Spaniards, polocks, Scott’s, and Irish. There are plenty here but no one says anything when their visitor or student visas expire

[@Facemeltermonk69]

​@@cannotbeshaken7889at least Mexicans want to work😊

[@cannotbeshaken7889]

@@Facemeltermonk69 What does that have to do with anything? Trust me, if their own government was giving them hand outs or made it easier to work less, like our government is doing, then they would slack in working too!! Any country would! That's on the government, not the citizens.

[@tobyk5149]

viva México!

[@donbelk8874]

In South Carolina 80% of property taxes goes io fund public schools the schools give a budget and the county sets taxes to accommodate. School boards are imbedded with the schools and have little sympathy with tax payers. Its taxation with out representation

[@marblox9300]

Tea Party #2 is really our only hope left.

[@JamesAllen-xk8bc]

This is exactly why Prop 13 passed in California in the 70s.

[@tobyk5149]

CA prop 13 will soon be repealed

[@MichaelBrown-ny3et]

It took years to foreclose on property during the last crash. Keep your eye on that 2030 date. If everyone thinks things are crazy and out of control in the U.S. now, stick around a couple more years.

[@jackwilson3121]

Why?

[@blaakrose]

I can't imagine property taxes as high as you are showing. My property taxes are maybe $1100 a year. I live in Kentucky.

[@blackworldtraveler3711]

Mine is $1650.00 in Oklahoma.

[@stevenpage8847]

@@blackworldtraveler3711 same.

[@paulconner4614]

$2700 In Southwest Pennsylvania.

[@hvaball150]

Florida ranks 26 in property taxes, somewhere around $2000 is typical.

[@marsha58]

200 dollars yearly in rural Tennessee

[@bubba10051]

You are right 20 million government jobs we pay for !!

[@3621bedroom]

What about the 40 Million illegal aliens that we pay for schooling, healthcare, food stamps and subsidized housing.

[@LeeSurber]

My property tax market value in the DFW area went up from $180000 to $492000 at the end of last year..!! Mortgage jumped from $720 to $1830 per month..!! Fortunately, I found a mistake in the records and ended up getting $7000 back from the state, which, was then applied back to the escrow shortage..!! This brought my payment back down to $760 per month..!! Just a few months later they hit me again on the ARM interest rate which increased it back up to $900 per month..!! I had to use an ARM loan since it is 20 acres of property and did not meet FHA requirements..!! Needless to say, this has been terrifying for me..!! I live alone with nobody to rely on period..!! The government may very likely be forcing people back into shared living since the birthrate is so low..!! Makes sense to me..!!

[@hvaball150]

Texas. Good for you.

[@DianaPrinceitiswhatitis]

Wow!

[@michellebatzel5809]

“Makes Sense” to you? WOW

[@jetjan]

Texas has highest property tax % rate in USA & with everybody moving to Texas & home values going up property tax goes way up- Texas needs to demand property tax freeze or cap of no more increase than 2% a year increase like what California has now & Texas needs to demand having electric all winter log by winterizing electric equipment when Texas has a deep freeze-Texas winters are a joke-I had 3 blizzards of winds about 70 mph with 2 feet of snow, only 1 electric company you are allowed to use & never lost power-Texas politicians have nerve blaming evil wind power for failing electricity-Texas politicians who created huge mess of no power with Texas deep freeze are crooks- u people very lucky electric didn't stay off for good which nearly happen-I see no more videos on KZbin on Texas deep freeze-no power- in america land of free I call it censorship & white washing it

[@jetjan]

Texas has highest property tax % rate in USA & with everybody moving to Texas & home values going up property tax goes way up- Texas needs to demand property tax freeze or cap of no more increase than 2% a year increase like what California has now & Texas needs to demand having electric all winter log by winterizing electric equipment when Texas has a deep freeze-Texas winters are a joke-I had 3 blizzards of winds about 70 mph with 2 feet of snow, only 1 electric company you are allowed to use & never lost power-Texas politicians have nerve blaming evil wind power for failing electricity-Texas politicians who created huge mess of no power with Texas deep freeze are crooks- u people very lucky electric didn't stay off for good which nearly happen-I see no more videos on KZbin on Texas deep freeze-no power- in america land of free I call it censorship & white washing it

[@ChrisG9978]

Insanity...property taxes are nearly as bad in FL as they are in NYS (and I'm mainly referring to Western NY where housing isn't as crazy as downstate, but even in WNY home values have shot up), though that's largely a result of home values skyrocketing. What these local governments are doing reassessing homes and hiking property taxes by 600% is unquestionably extortion.

[@manormyth]

That nys school tax is wild

[@commonsense6967]

South FL is corrupt and full of Democrat Marxists city/county commissioners, mayors, etc. who spend like drunken Congressmen. Trust me when I say that N FL taxes are far less, though not cheap.

[@knowledgehub1956]

life is getting tough , my buddy just took his life this weekend after losing his contract as an engineer for 4 years he could not find any job & ended up doing uber but apparently gave up he left one 6 years old boy behind 😥

[@Thedesertguy75]

So sorry man. I can feel the hopelessness out there. 😢

[@desertsunset8025]

God that's heartbreaking . The families and friends are going to suffer . It's so sad .

[@septembergirl007]

That's horrible, poor guy! 😢 So sorry for your loss.

[@debbiec6216]

I am so sorry for your friends loss .

[@becomingabetterhuman.2994]

It's crazy I lost my job last May "2023" not working for so long forced me to deal with trauma issues I had ignored by distracting myself with my work.

[@user-nt1zv8ic5m]

all of us know that property tax is government owning your assets

[@roijaxen5674]

I gave my rural property away when my costs equaled 1/12th of my SS payment. One month of my life knawed away each year. In the US, housing costs are 50% of my income and rising... and that is in a low cost area like El Paso, TX. Here in Thailand, rent is less than one month's income, for the whole year

[@Facemeltermonk69]

Yeah but yearly your income is 5085.26😂

[@roijaxen5674]

I don't know if you are referring to Thai average income or perhaps average SS payments or are just pulling a number. As long as you are focused on bigger incomes without acknowledging the expenses, you will drive down your satisfaction with life. At today's exchange rate, my SS is around 70,000 baht per month. 50,000 of that is discretionary income for my family of two. Proportionality matters in evaluating the quality of life.

[@nikopoulos5241]

Sounds like a cool life tbh@@roijaxen5674

[@MCC876]

Michael, you are so right. You gotta be Neo in the Matrix to dodge all the bullets in homeownership. It’s crazy.

[@slowridefpv9668]

My property tax in central NC is up 20% in the past year.

[@gregorylyon1004]

It's all going to pay lifetime pensions to retired workers. Cops firefighters Teachers municipal workers judges politicians

[@SLR.e14]

Property Taxes Shouldn’t EXSIST !!!!! Also.. Cut back on all this overspending!!!! these counties & Cities are out of control

[@jamiewalters7869]

In FL, people can not pay property taxes and it will take about three years before they face a possible tax deed being made on the asset. After a tax deed is made, the property will be scheduled for auction and sold to the highest bidder. If that happens, you have lost any claim or ownership on it.​ But the whole process takes at least three years. So if people stop paying property taxes in 2023, it will not be until 2026 and 2027 that houses start hitting the market. It is a three year lag.

[@basspig]

When I was living in the United States my property taxes went up Beyond $10,000 a year and I was very quickly $70,000 in past due taxes and interest about 60% of it was interest.

[@bryanspayde5681]

The homes you show in Miami are 100k homes here in Ohio ..

[@Lacuna1122]

Yep

[@benton-benton]

LOLOLOLOL. Where exactly in Ohio?

[@Lacuna1122]

@@benton-benton Akron Canton, hell most of ohio except the major metros

[@marknewton6984]

Ohio?😮

[@bryanspayde5681]

@@marknewton6984 yep

[@priola7587]

Whether its 25% tips, 5% to realtors, 1% to financial advisors, 9% sales tax, its always something.

[@jackwilson3121]

When was living ever free?

[@krazeekalvin]

My condo fees in Thailand are around two hundred a year and the taxes were seventy two cents last year and it's less than three hundredyardsfrom the beach. The house in Vietnam is less than thirty dollars a year and it's on an island close to the beach. Both places are very nice. We are planning to move back soon because it is just too expensive to live in the States. My taxes and insurance on the main house in the States is crazy, not to mention auto insurance.

[@rebeccacarter1914]

Great ideas, but if the market crashes and social security dies, I hope it won’t affect you.

[@jamesparker6017]

Coral Gables 🌴🇺🇸 We are ALL paying for the illegal immigrants. VOTE upcoming November ! 🏄

[@jefff8130]

VOTE harder!! 😂

[@RG-hf4et]

Vote RED!! 🇺🇸

[@nelliesfarm8473]

​@@jefff8130The baby boomers have no clue reality...they still believe in vaccines, politicians and voting lol

[@marknewton6984]

Election year... Vote!

[@TrueBeliever6491]

Taxes have become oppressive bc corrupt govt. officials/politicians are never satisfied with stuffing their pockets with your $$$$. Greed is driving it. Everytime a politician wants to give himself a raise, he takes his pen and writes a new law. Higher taxes, new taxes, etc.

[@nelliesfarm8473]

Same in Alabama

[@marksr8784]

My homeowners insurance went up 25%😡

[@elliotmann9787]

Did that tax bill show $24,500 for property taxes? For one year? Holy crap, that's just insane. And the next one shows $35,000 in property taxes, I'm guessing for one year. I would never move to Florida and pay that insane amount for taxes. I pay $1200 a year, and I think that's pretty extreme.

[@ebayerr]

My ex has a 600 sq.ft. 100 year old home. Her real estate taxes in mid Missouri is nearly $1200 year. She's 73 years old living on S.S.,but fortunately her home is paid off. But then home owners insurance went up as well. We paid $30k for it in 1990.

[@InvestisseurAmericain-ur7ij]

It's not insane. It's normal. You need to help Ukraine

[@ebayerr]

@@InvestisseurAmericain-ur7ij Huh?

[@jackwilson3121]

@@InvestisseurAmericain-ur7ij Property tax dollars go to local governments, not the Federal government. What makes you think local property taxes help Ukraine.?

[@cannotbeshaken7889]

It's for a couple million dollar house. That's why it's so high.

[@grandroofing1604]

Nothing is going good for our country.

[@Mitzi73]

Because the majority of Americans don’t care. They are asleep and just accept their bad luck.

[@jimcrawford3185]

​@@freedomoffgrid And a bumper crop of migrants

[@rudyjean5550]

This is true.

[@Robbnok]

Move then. Mexico is cheaper.

[@Facemeltermonk69]

​@@RobbnokBut than the cartel might kill you if you give them the stink eye

[@Socal_2498]

I read Florida Statue 197 for property tax that becomes delinquent after two years then a certificate of holder can file a tax deed application for the property. San Diego, one can be delinquent for 5 years before the County auctions off the house for back taxes. Today, I paid my property (SDTTC) tax for a house that I bought in 94' during a recession.

[@martinjdesmond]

I live in Oregon which has a different property assessment process even though our real estate values have skyrocketed. In Oregon, the county does two calculations - the market value and the assessed value. The market value represents an effort by the county to figure out what the property would likely sell for in the open market. However, the assessed value is limited to only a 3% increase each year. Thus, there is a staggering difference between the market value and the assessed value upon which homeowners actually are charged rather than the market value.

[@wanderingtrailhiker2823]

You mean to tell me the property tax doubled in 4 years?…SAD

[@sues3218]

Where I live it doubled in two years. Funny, our local wages never went up.

[@carolbagwell6769]

The tax rate didn't double..the value of the house did. So people's tax went up. Their net worth is up nicely too. People complaining because their house went up in value and now they are paying more taxes.

[@user-kt2pz2nj4o]

Home ownership is the biggest scam for the middle and working class.

[@maroon9273]

The entire american dream is a total scam.

[@stormchaser419]

Should be called mortgage ownership because until you pay off the home, its NOT YOURS. It's the banks. You don't own things that are NOT YOURS.

[@BREEZYM6015]

What is renting then? 😂

[@rafalrocks]

no it's not. for most people, including me, it is the biggest asset I own. And yes, my taxes are high as sh*t. I live in Illinois.

[@TheLethargicAge]

@@BREEZYM6015Paying for a service. People think owning a home somehow makes them rich. Sales price - purchase price != profit. Equity != wealth especially if you have to pay to keep the bank or the government from taking it away.

[@Agpros44]

Don't think people are for ev's...the gov. is!

[@johnfortes2171]

Assessments and taxes should only go up if the house is sold.

[@chrisweidner4768]

“Lots of bullets to be dodging.” Indeed. All the best to everyone.

[@stormchaser419]

Criminal and immoral. Absolutely crazy!

[@NDZ12345]

Been driving and using credit for 10 years and never knew a persons credit score affects their insurance premium. Great info!

[@cynthiarouse]

I am 100% current and timely on all of my accounts and I know that is not the norm. I’m very fortunate good luck out there. ❤

[@pablo81778]

Over 2 years ago when it looked like a housing bubble and an oncoming housing crash, the delinquent property taxes were my original reason for what was coming.

[@frankm2385]

I have a 320 credit score. According to Dave Ramsey, it doesn't matter. 🤷🏽‍♂️

[@susancunningham4252]

😂

[@Helena-ou8ry]

Doesn’t unless you need credit 😅

[@jeannegowe1949]

I’m glad Marsha came by. I gave me a few laughs I needed from listening to taxes on property!

[@Practicallife24]

Criminal is an understatement. Can't say I didn't see this coming. You know most people don't pay property tax in Puerto Rico and they don't file a federal return if their income is in PR. Guys, the only way out is to starve this government by not paying taxes, property or income.

[@blujazz10000]

Friend, the facade that people believe, that our taxes fund the government--is an illusion. The Federal Reserve Bank simply creates a massive amount of Federal Reserve dollars out of thin air to loan to the Federal Government. The resulting debt then gets dropped upon every current and future American taxpayer. This is the fiat, debt-based system in existence since 1913 and then 1971, when the gold standard was abolished. Today, the Federal Government is spending ONE TRILLION DOLLARS every 100 DAYS. This level of 😊government spending is unprecedented not only here in the U.S.A., but in ANY government that has existed in WORLD HISTORY. This is why we are in the initial stages of hyperinflation: our government's spending problem/addiction is INSATIABLE and IRREVERSIBLE. Our dollar IS going to crash. It IS going to happen soon. It is INEVITABLE, and in my opinion -- IS BEING DONE ON PURPOSE BY EVIL MEN AND WOMEN. This is the main problem that has created most of the woes discussed in this video and comments. Please.... buy extra food and a form of protection for you and your family. Hyperinflation is HERE TO STAY, and will only keep increasing in the months and years to come. God bless you, friend.

[@tobyk5149]

I may relocate to PR

[@rhondae8222]

I appreciate your content. It's always very informative. Thank you.