PROOF People Are EXTREMELY DESPERATE RIGHT NOW!

The sheer number of people who are applying to live in affordable housing right now is shocking. A recent affordable housing development that was just completed here in Florida has only 113 units total. But they received 20,000 applications for people in desperate need to live there. Combine this with people, borrowing money from friends and family just to get into homes, this is absolute proof that people are extremely desperate right now.
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[@MichaelBordenaro]

100's of THOUSANDS EVICTIONS HAPPENING RIGHT NOW! kzbin.info/www/bejne/i6abd5qirNCWhas

[@kevingradys9858]

Can we stop pretending why the rent and home costs are so high. It’s called the Federal Reserve and out of control government spending.

[@albertmarnell9976]

Michael, you are so RIGHT in this video! Anyone that works real hard can become president? Many people that inherit homes have NO IDEA how expensive they are to maintain! Less is more!

[@michaelmeyers4653]

😮​@@albertmarnell9976

[@jf2176]

So, that means deals on houses coming soon for those with capital? I'm looking for some sweet passive income bro.

[@albertmarnell9976]

@@jf2176 Tenants can ruin your life. It is all not so easy. My grandparents had apartment buildings in the city of New York until they became so unbearable, my mother sold them. They were on rent control from WW ll and were not worth the aggravation.

[@aprilclover2429]

I just turned 70 and can’t afford to stop working and retire. I live with people who are over 80 and are still working!

[@dreamsandshadows582]

Same here. Can't retire. I'm exhausted.

[@oliviakort8052]

That is horrible! I am sorry for your situation. I have been living in Europe as a military spouse and everyone here is able to retire and enjoy life. Food is super cheap, clean and healthy. It is sad how the US helped liberate Europe during WW2 and Americas are suffering so much. I wish we had the programs they have in the EU in the US.

[@aprilclover2429]

@@oliviakort8052, I am still blessed because I’m in reasonably good health. Also, I’m lucky to live in a beautiful, upscale area of California. Unfortunately,it is expensive. But, living with other people makes it more affordable.

[@Tico513]

Dude I wok 40 hours and can put 1500 away comfortably, I also donate plasma and pick up odd jobs, easily surpassing 1500 after all my bills, what were you doing with your life

[@Tico513]

​@@aprilclover2429you act like you guys don't have the same time on this earth smh

[@hannw7]

Rich get richer and the poor get poorer. No middle class - lower or upper anymore. It’s awful and stressful!!

[@loisaustin6200]

Yes, and it seems hopeless with no relief in sight. Things are getting so out of control, I don't see how things can ever get better again.

[@RawrDinosaurgrr]

@@loisaustin6200 I’m working full time at 64. I went to a cheap tech school and got a profession. I spend carefully and live just fine. My tuition was 1500 in 1994. Youngsters have it tough if your in your 50- 60s shame on you.

[@loisaustin6200]

@@RawrDinosaurgrr I'm 86 and worked until I was 72 full time while raising three kids on my own. Things have always been tough but not nearly as tough as things have been the past 3 and a half years in this country. By the way, I am not ashamed of anything.

[@RawrDinosaurgrr]

@@loisaustin6200 you sound very much like myself, you know damn well not everybody was careful and looked ahead. We had more opportunities to thrive and we did. Sadly lots of our peers didn’t. The young are in a pickle for damn sure compared to us. You ashamed? I should say not.

[@wild8074]

Our Governments are the real Nazi.....that's it

[@debbie6533]

Don’t buy anything besides food and essentials. The government nor anyone will bail you out. Every man for himself. Live frugally or you will regret it.

[@relaxandunwind1496]

People are getting roommates, living with parents, living in rv's ect. I live in a 3 bedroom house and have 4 roommates. We have a big living room so we sectioned it off and two people live in my living room, and 3 in the 3 bedrooms. It's not ideal but we're tired of being broke. We're all saving to buy a property in the next year or so and going to build tiny houses. Sick of this economy.

[@RoyalFlush7096]

Check out insurance on tiny houses, don’t know why they stick it to Tiny home owners.

[@johnkeith2450]

I built a duplex and let the renter pay the mortgage

[@spark300c]

one factor is due immigration. to many people want live here that being reflected in cost of housing. 2nd we run out land to build homes and being post industrial economy that job tend to over concentrate in large cities. in Canada it even worst.

[@jessicathompson236]

Common now. Just like the last great depression.

[@jessicathompson236]

​@@spark300c ,It's a global problem called greed. We are in the Great depression 2.0 currently whether people realize it or not.

[@Chubbycat747]

My dad gave my grandmother's house to my brother after she died. When dad died, he left his house to my sisters. While he was alive, I purchased my own house and paid a monthly mortgage payment on it for 20 years at 5.5%. The people that "work for it" usually get the short end of the stick.

[@user-ig3kn2ly2x]

Yup, you should've seen the Arse ream some of my Male Friends are getting. Seems the Women are always the one's who survive Titanic, because ' My Heart, sure as hell won't go on, sigh..😒'

[@JulieTobin-Ruszczyk]

They will probably pay capital gains out the nose. Feel lucky

[@Boc3phu5]

And those that get the lung end of the stick are those that convinced you that you need to work hard in order to get ahead in life.

[@1st-qt9ce]

You had. And your parent gave to those who didn’t. Happens all the time. Parent simply wants everyone taken care of. Oh the joys if estate planning. I am in that process now and have no expectations.

[@skateorbri]

how about the fact that most likely those siblings were the ones who took care of them during hospice or sick time? If you don't show the love they dont show the love. not saying you didn't but that's the current trend of today's youth. They could give a rat's ass about their parents or elders in general. such disrespect for us old folks and entitlement.

[@PlasmaBurns]

My backup retirement plan is going door to door selling "No Soliciting" signs.

[@TinCupChalice40]

That is funny as hell..lol.

[@rochellet1333]

LOL!

[@followyourbliss101]

brilliant!

[@maryelizabeth8793]

I just put one out (No Soliciting) along with No Trespassing Signs. I wonder if those who don't speak or understand English won't be prosecuted because they can't understand the sign. Imagine how many signs we will have to place as duplicates to cover all the languages.

[@memo-td6um]

😂😂😂😂😂

[@deedevries1123]

We have 1 apartment available here in my home town in Michigan, they ask for a $300 application fee. So if 100 people apply, that's $30,000 dollars. How do we know there is even a apartment available? They are making bank on these application fee's. What happened to a $25 app fee?

[@charlesbaldwin5157]

I've said the same thing. Being charged super high fees just to apply should be illegal. Complete BS

[@aprilclover2429]

Don’t pay it! That is highway robbery!

[@appletherapy]

@@charlesbaldwin5157They stopped making laws to help the people. Seriously.

[@lucien4980]

​@@aprilclover2429ya that's what I did, so I couldn't get the apartment..so what's the solution?

[@lucien4980]

​@@aprilclover2429I don't live in Michigan, where I'm from it's atleast $300 application fee everywhere so I cannot just go somewhere else. So I didn't pay and ended up in a dilapidated apartment now without the funds to go to a nicer place and hate my life so much bc of it. I wish I would have just paid the $300. It's that high bc u either pay or end up like me or homeless and they know it. Everything is so bad right now 😢

[@jennifer3551]

I did not use the "bank of mom and dad" to buy my house or pay all my debt off. But nor do i begrudge thoose who have. In fact, if i was in a the position to help my kids like this i would. Just as long as they showed true appreciation and thankfulness

[@hoosierdaddy8002]

After the crash in 2008 I have learned a lot of lessons like never spread yourself to thin.

[@specialk2514]

I learned that painful lesson too.

[@jkmarshall3553]

I too learned. @@specialk2514

[@justinallport9789]

Exactly , the next collapse will allow those with some money, buys for 30 to 40 cents on the dollar"

[@kurtrussell5228]

Yup, live well below your means..... you'll be able to take a lot more punches in the face from life and still be in the fight.

[@brentmeg922]

Same….lost everything in 2008. Valuable lesson!

[@shaynelhta]

Florida could institute a ban on corporations buying single family homes. That will help.

[@TruthbeforeTrust]

That works be too fair.

[@axelfoleyt]

The Democrats have been stopping that nationally on behalf of their you just donor black rock

[@thomasreynolds1530]

that won't happen because rinos have confused corporate worship for a political party. DeSantis couldn't do it alone.

[@blackworldtraveler3711]

HOAs are already doing this with houses and condos. We just voted and approved 97% to ban Airbnb and corporations like Blackrock at my gated condo community in Oklahoma last year. Voted to ban Airbnb and corporations at my gated condo community in Florida years ago.

[@Viperauora]

It really could.

[@tatianastarcic]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[@berniceburgos-]

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

[@nicolasbenson009]

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

[@Michaelparker12]

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@nicolasbenson009]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@BridgetMiller-]

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

[@FordManiac76]

My wife and I make a 100k for a family of four. 4years ago we were middle class and doing quite well. Now we are paycheque to paycheque and are considered lower middle class!!

[@endofsociety]

My sister and her husband make about $150k between them in NJ. They still struggle and aren't big spenders. Hell, they never even go on vacation

[@jnie370]

We make 130 yr. And short every month too. Depression has started

[@KhameleonK]

I eat McDonald’s everyday n bring my own ham cheese in there I need food stamps to survive

[@aprilclover2429]

You would be considered poor where I live in California.

[@spark300c]

nope you make twice what middle class in Iowa makes. your borderline rich. it just immigration make you live to paycheck to paycheck. everyone what's to live here and not enough land go around. if move to place people do not want to live the house is cheeper in us. Also problem when certain type of job over concentration in area the value it bring goes down. which means the pay some one else has to go up or there pay has go down. when pay is match with productivity gains you do not get cost of living crisis. when pay is base on prestige you get cost of living crisis and labor shortage in certain jobs.

[@calukimbo9994]

It's all so depressing

[@mnrichards100]

12 of last 16 years under Democrats has that effect

[@eugenefirebird8938]

It will be this way until they get "investors" out of residential RE. That would be very easy to do.

[@deborahcurtis1385]

It's market failure.

[@brando7266]

Not if already own real estate

[@snakedog77]

@@mnrichards100 You are in La La Land. Both parties are corrupt. Look at these politicians. They go in as middle-class people. They retire as millionaires.

[@SunofYork]

I have stopped giving to my family. It encourages them to beg for more and my son (who is drug dealer), said to my wife (twice) "Plan B time .... kill the old man for his money"...My daughter swore at me when I stopped paying.. then claimed menopause.

[@CarnivoreStork]

Take him at his word....move and leave no forwarding address.

[@KenBissell-oq2ns]

Call the police and give him a place to stay for awhile to think things over.

[@new2000car]

Make out a will, leave a copy so he sees it, like have someone “accidentally” forward it to him, then when asked, admit it, he’s getting nothing.

[@stephengeorge3507]

YOUR KIDS ARE TOO FAR GONE,YOU DONT OWE THEM ANYTHING, PACK UP AND MOVE,TAKE CARE OF YOURSELF, FORGET THEM,IT IS,WHAT IT IS. GOOD LUCK,GOD BLESS

[@americangirl8970]

Change your will , get a restraining order, and start using your money to treat yourself to something nice, like a security system.

[@michellesobey1943]

People look sad at the stores …

[@ferhierro8123]

Love it... keep voting blue and hate trump.

[@TrabajosenCanada]

Yez they look sad i saw it too i

[@mikewallace119]

Bidenomics... It's working... Just ask Biden... Don't you love it? FJB 🇺🇸

[@GunsRaRigHt]

Yeah Biden has ruined the economy welcome to the rest of our lives

[@scottperry7311]

There are lots of foreign buyers buying houses in cash. In South Florida that has always been a thing and that is one of the reasons real estate is so expensive here. Canada just passed a law to stop this because foreign buyers caused housing prices, and their taxes, to explode and made Canada very expensive. This is one thing we need to do in the US, and not hiding a foreign buyer under a corporation's name through a law firm either, which I know for a fact happens a lot in South Florida.

[@MariE-bz2eq]

It's hard to do that here in the US. Same thing as in Belize. Foreign nationals can buy all the property which prices out locals

[@rochellet1333]

Amen! Foreigners and big corporations are buying up houses.

[@scottperry7311]

@@MariE-bz2eq Many nations do not allow foreign nationals to own property, we can do it here but there is no $$$$$$$ in it for those who profit from the current system.

[@user-kg7df3eq5f]

Exactly being born here and unable to escape then I have to compete with immigrants as well as rich people moving us out just like Hawaii

[@MariE-bz2eq]

@@scottperry7311 Belize is one of the few that do. If you go to the cayes, it's mostly Americans, Canadians, and Brits buying all the property.

[@lindaadams1008]

I'm very content with my small, affordable home... However, it's sad to constantly be harassed by investors asking to purchase your home...😢

[@s99614]

They are looking for suckers who are dumb enough to sell for 40% off.

[@sergiolandz6056]

yeah they started popping up in the small town i live in, they are turning all the housing into rental.. its sad.

[@wandak1889]

I experienced this issue as well! I asked on why you want it so bad, I got a blank answer

[@bigvalley4987]

Are people able to live with their sisters and/or brothers 💁🏽🫶🏾 Pile up…

[@nogames8982]

I hear you. A couple times a month I get offers from some corporation to buy my house. I told him to F off.

[@SeanOkykTPAbay]

My question is: what is our government doing with all of the increased property taxes?

[@user-ke7wd3cl9z]

Sending it to Ukraine!

[@NGC6144]

@@user-ke7wd3cl9z Property taxes are a county issue not federal.

[@kathysmith8685]

Right

[@ritaharr6808]

Sending all our tax money overseas

[@bovnycccoperalover3579]

Wasting it and stealing it.

[@sole__doubt]

I just found your channel as Im researching the utter destruction of the middle class here in the US. Your channel is a wealth of information that serves to confirm my suspicions that we have those who are very well off and those who are not.

[@martysk8r]

government(2020): Here is $600. taxpayer: Gee, thanks. What's the catch? government: The cost of living will double. You're welcome.

[@aurinkobay7118]

this inflation is global not just the US...we could have handled it differently... way too much money was given out

[@user-oe5ey3ex8b]

@@aurinkobay7118 Dude stop making excuses. All fiat currencies around the world are controlled by the same globalist banking cartel and they were all inflated at the same time and almost at the same rate. This prevents wealth from jumping from one to another. The money supply doubled in the last 5 years which is the primary cause of monetary inflation. This led to the price inflation we're seeing. Everything would be fine if wage inflation kept up with price inflation but I don't know anyone who got a 100% raise. This is the root of the problem and to have ignorant people try to obfuscate is exactly why the banking cartel gets away with it and the people don't riot. I don't know who is worse, the bankers or the morons protecting them.

[@dexterdexting3736]

The government offering meaningful, tangible resources in exchange for our tax dollars? What a concept!

[@MikeLockheart]

they gave out way more than 600$ all in all.

[@raydemos1181]

@@aurinkobay7118 I did not take a penny of their funny money, yet I have to pay the double prices, go figure

[@searchforthetruth1998]

Go to your nearest parking lot and just take a glance at the tires on all of the cars in the parking lot you would be hard-pressed to find more than five cars with new or good tread tires. Everybody is maxed out and cannot even afford to maintain their cars. I often hear squeaking brakes even on luxury vehicles like BMW, Land Rover, Mercedes.

[@Bubba-wx7lp]

That's because of cheap as possible brake jobs.

[@colleenpeck6347]

Costco has the best deals on tires. We just put new ones on his F250 . Now my 4 Runner needs its dry rot tires replaced. Putting off vehicle safety measures is a sad state of affairs. In Florida, most of your money goes to home insurance.🤧

[@JohnDoe-np3zk]

​@@colleenpeck6347i like my nokian all terrain tires can do snow too.

[@kurtrussell5228]

That's not new, most people have always waited to long to replace tires, some people never change their oil or air filter.

[@colleenpeck6347]

@kurtrussell5228 Exactly, over $1,000 is a big investment now out of a person's savings. You always feel ripped off by a tire salesperson. My car has 108,000 miles and is paid off. I plan on keeping it for the next 5 years. It has Michelins on it, and that's what I want to replace them with. So we joined Costco just for the discount on new tires.

[@skateorbri]

single guy here in Honolulu. 85% of my pay goes to just rent for a one bedroom apartment. No way in hell i can ever save a penny for my future. a gallon of milk here is $10 and parking your car for work is also another $250 a month. No subletting no pets and some landlords say no sleepovers.

[@benton-benton]

Good thing about Honolulu is you'll never be freezing. Lived there almost 20 years and I'd like to go back bc I'm old now. I'd like to be warm all the time.

[@jonathanjacques7250]

Duh, move!

[@loisaustin6200]

It is easy to see how the homeless situation in Hawaii has grown almost out of control. So sad what is happening to such a beautiful place. I lived there 12 years and left in 1995. I was nearing retirement age and knew I could never make it there once I was on retirement income. Loved the place, but knew I had to get out while the getting was good.

[@ilc-nl3yy]

What's so appealing about Florida? I grew up there and couldn't wait to leave. It's crowded, insurance is high and worst of all, it's too freaking hot.

[@loisaustin6200]

I tried it, only lasted five months in Jacksonville. Hated the place.

[@Orlando_Steve]

Thanks for leaving. Please tell others not to come.

[@wealthintruth6227]

Humidity is the worst

[@jimmyzarkis6276]

sex, drugs, places you cant actually afford. It was cheaper even a few years ago. Strip clubs. Drugs, did I mention drugs, yeah theres a bunch of drugs. Legal and illegal. Then there's drugs, and then sometimes you can get drugs.

[@rally247ful]

There is nothing super appealing about Florida, I was born here I want to move so bad.

[@lisapolanski9379]

The elephant in the room - the apartment - is illegal immigration. I live in an apartment complex with 100 2 and 3-bedroom units 4 miles from the beach in SoCal. Rent w water, sewer and trash for a 2-bedroom is $2500, and that's low and I'm the minority here but don't care and don't want to pay $1000 more to live with my kind. The elephant in the room is that whereas I rent a 2-bedroom myself and live here alone making 6 figures, the vast majority of my neighbors are immigrants from Mexico who share bedrooms and live 4-5 working adults per unit. That's how they afford the rent. The investor owners are not on-site and could not care less as long as they collect the rent. I see only one other person such as myself who lives alone. There are so many extra people in this complex that a restaurant across the street rents parking spaces for tenants. (I was born in this city and have lived in this apt for 8 years.)

[@lovechangesus]

So cal here too. Sad how this is happening and the ones with children are getting aid, too.

[@Bamapride1985]

This is extremely bad on single income families. From couples wanting to utilize bedroom as office spaces and then the bunking up roommates, it takes so many 3-4 bedroom units away from the families with multiple children. Out of the group of 8 apartments in my building of 3 bedroom ones, myself and 1 other family are people with children. Six of the other ones in just our building are multiple adults rooming together instead. One neighbor is by himself in a 3 bedroom bc roommate left him and so he uses 1 room as workout room and then other room is empty..... It was very hard finding a 3 bedroom when moved here bc of the work from home at the time and everyone was using extra bedrooms for office space

[@user-kg7df3eq5f]

In fort myers a 1 bedroom at some place called the meridian in a bad area was 2500

[@SunofYork]

It's "Couldn't care less"... Think about it. I am English. 6 years in grammar school. Even my yankee wife agrees.

[@jonmurphy776]

Was going on 20 years ago, multiple people cohabiting! Skews the whole system!

[@alanstevens5775]

I am lucky. I recently paid off my townhome in Cape Canaveral (stuck with a $400 HOA/originally $250 per month). I have both vehicles paid off. I make 6 figures as a married man with one child and I am the only earner in the family. We have all of these things going for our family financially, yet we are still watching our wallet. The majority of my paycheck goes towards insurance (health insurance is insane now) and taxes (federal, property, and sales taxes). Every grocery visit to the store is $300 (Walmart prices/not Publix). My utility bills over the last 11 years have gone up by 40%. We are not struggling, but we are not thriving on a salary that used to be the American Dream! We dreamed of selling our townhome to buy a house in Merritt Island. The prices have skyrocketed so much (due to inflation multiplying property taxes, insurance, and loan rates) that we have been priced out of our dream home market. We are looking further inland in Florida for more affordable housing. Wow how times have changed!

[@followyourbliss101]

that's insane. if things were 'normal' you would be sitting pretty and being able to enjoy life. I used to live there.

[@alanstevens5775]

@followyourbliss101 it's kind of crazy. Home prices multiplied so much that the homes we used to able to afford are completely out of reach. I am not going back into debt $300k to pay off another mortgage period! We are just gonna move inland and find a more affordable location. I really wish I would have made the move 5 years ago when we first thought about it.

[@comeon_man]

Hey CC I had an apartment on Grant Ave. 300/mo. In 1985 Remember walking outside to get paper one morning it was freezing crazy I looked up saw Challenger fragging apart… got a sick feeling walked in Dan Rather crying on tv. A modest home on Girard Blvd. M.I. 65k A nice home on canal nearby was 100k Does M.I. mall have closed stores?

[@dariojob100]

Can i ask you how much loan you get per month so you can afford a normal life with a taughter? Thanks and great story

[@zuzanazuscinova5209]

Imagine what your kid's life will be like in 20 years.

[@joe1940]

If something doesn't change soon in this economy, people who live in tents will be considered "rich" because it's better than an old refrigerator box. ⛺

[@jkmarshall3553]

My scrap cardboard business is going through the roof this year!

[@christophernejman]

The lines at Mcdonald's drive-thrus are always wrapped around the building no matter which Mcdonalds' I drive by.. Mcdonalds' prices are through the roof but people are buying just like they are buying Starbucks coffee.

[@squish2913]

Credit cards.. easy

[@AR-rn8ok]

I’m buying bulk beans and rice.

[@jonathanjacques7250]

I've noticed the opposite here in CA. Very sparse drive through lines.

[@squish2913]

@@jonathanjacques7250 unless you pass an in n out burger or chic fil a.. lines are always full there

[@Theguys1]

No one knows how to actually cook anymore.

[@xmaTKDmma]

government needs to stop sending money overseas and to the invasion. Take care of the Americans and those of us that came here legally and pay their taxes. The government is broken and they need to be fired and replaced.

[@commonsense_revolution]

Government is corrupt, you'll have to oust them another way besides elections.

[@user-kg7df3eq5f]

What about the people who were born here?!?!?!?

[@SunofYork]

the government is paralyzed coz the numbers are 50-50. Replacing either 50 will make no difference. Voting for the jackboot boys will make it infinitely worse unless you are a Zyklon B manufacturer

[@wtfdoino605]

Do not forget about the banksters. They got control of the money supply in '71 and have been extending debt recklessly ever since.

[@user-rs9ot8cs9z]

fired, not replaced, gov't is too big

[@moebanshee]

This housing crisis has been going on for the last 20 years. That's when people started converting minivans and cars into living quarters. Of course people have pride and they're not going to say I'm homeless.. they're going to say I decided not to pay an exorbitant rent and live in my car or my minivan or pick up cheap van and turn it into a camper. Even the prices of campers is outrageous. People can't get loans for them. It was kind of like a cult and everybody thought how cool. I'll try it for a year and see how it works.. The reality is these people have no homes. They can't live with family because of the way people are now.

[@lisabethdavis2280]

Wait, I thought old Volkswagen bugs were only good as a septic tank.

[@hvaball150]

The SNL skit of living in a van down by the river was in 1993. That was 30 years ago. And the idea did not materialize then. The VW bus was created in 1949. Covered wagons were in the 1800s. In no time in our history did the majority of Americans own their house.

[@jimbobjim2310]

They can’t live with family because they burned that bridge already

[@Yandek85]

Because of the way people are now? What does that even mean?

[@cjhoward409]

We have 3 generations living in our 3,000 sf home. We get along. We care about each other. What families should do. And because of it, we all have more money 😊

[@user-pe2cm3gq5d]

I recall Chris stating the following… years ago! ‘We have been very effectively pacified by the pernicious ideology of a consumer society that is centered on the cult of the self - an undiluted hedonism and narcissism. That has become a very effective way to divert our attention while the country is reconfigured into a kind of neofeudalism, with a rapacious oligarchic elite and an anemic government that no longer is able to intercede on behalf of citizens but cravenly serves the interests of the oligarchy itself’. Chris Hedges

[@Ricow5506]

In Las Vegas right now on a Thursday and it is packed full of people at a hotel that goes for 267.00 a night at a highly discounted rate. Who knows how much the rest of these folks are paying?Eating, drinking and gambling. Every where I go the hotels and restaurants are packed including the airports. I don’t get it?

[@sjpavur]

I am seeing the same thing on the Gulf Coast, all the way between Mississippi and Florida. The hotels and resorts along the beach are all packed, and the prices are outlandish. Where are all these people coming from and how are they getting all of the money to afford to stay in those high priced resort areas??

[@jessigreer]

My mother told me that before I was born (1976) she and my father worked at the same company (insurance company in CT) and they would splurge every payday on a bag of peanut m&m’s to share. She would get mad because he would eat them faster than her. It’s tough now, but it’s been tough before. Best of luck to everyone. Been there-who knows-could be there in the future!

[@orangebirddog]

Cute story

[@joseenoel8093]

When I told an older couple I was a stay at home mom they chimed in wasn't I lucky, well no money for new coat or boots for me (I'm in Québec) and they said when they bought their first home all they had was outdoor patio furniture that it was all they could afford... Telling another I never had money for a new coat she chimed in coats can last a very long time, stay well everyone, your health is your wealth!

[@benton-benton]

@@joseenoel8093 My winter coat is 20 yrs old next year. Don't have money for a new one bc of property tax. Il-legals get free coats and it makes me disgusted.

[@BruceLee-xn3nn]

My parents were like that and still are My dad still makes shorts from old blue jeans.

[@user-ne7zi3ym3b]

Must be nice.

[@demontoaster5670]

2 years ago I told my friends and family I believe we will go through something similar, and worse in many ways, to the great depression. Many scoffed.... mass homelessness, layoffs, food shortages(from many causes). All on top of the insane price increases, and almost more importantly- Americans bad spending habits

[@user-ne7zi3ym3b]

Instead of Hoovervilles, we'll have Bidenvilles, which we seem to already have.

[@sg5720]

Get out of debt.

[@jimba6486]

​@@user-ne7zi3ym3bexcept that hoover was not the cause of the great depression. Same with Biden (he is pouring gasoline on the wildfire he helped his predecessors create). He can Thank Obama and Bush and Trump for his current economy.

[@cadilacdesert]

Same thing happening in Phoenix. We used to be the most affordable place around. Until a half 1 million people moved here in the last 5 years

[@dead2802]

That place is a real s.ithole! Crime is sky rocketing. Groups of people camping on sidewalks doing drugs. Drove thru 2 months ago. its going on everywhere! And its going to get worse! Thank obama, biden, banks, and corporations! Started getting real bad during obama. Now biden is bringing hell down on our heads!

[@ThunderGator8154]

Most all-cash purchases are not being transacted by individuals but by Blackstone Real Estate Income Trust (61,964 U.S. single-family homes), Progress Residential (83,502 single-family homes) and Invitation Homes (81,716 single-family homes).

[@tommmmiii]

The dollar printing doesn’t end. So $1400 rent is the same as $700 five years ago

[@kengaroo5170]

War is a country's biggest expense. Expect lots of printing.

[@keyisersoze]

Printing is a minor problem because there's little money printing-credit, interest on money, and speculation, especially in real estate by the population, are the critical problems.

[@dd-uy5lx]

it will be lower now. raise the minium wage, it will lower the rents. trust me

[@tommmmiii]

@@keyisersoze maybe you haven’t noticed but USA’s debt (federal + state + all the rest) is BIGGER than the economy. The money printing (bank bail outs, free covid handouts) is THE issue. Meetings to prevent government shutdowns are more frequent, kind of parabolic too ;-)

[@wtfdoino605]

@@keyisersoze Right. ~2 Trillion in actual currency in circulation in a ~20 Trillion economy. Hell, you could not buy Apple for cash at current market cap.

[@DH-mp6fg]

People Voted for this lifestyle ..

[@benjigaines7044]

Amen!

[@ReelTYme_wT]

NO THE SELECTION WAS STOLEN!

[@sjpavur]

Exactly!! a lot of people are missing Trump’s mean tweets and low gas prices, and booming economy!

[@bovnycccoperalover3579]

Critical Thinking is not in style.

[@jukejoint523jordan6]

​@@bovnycccoperalover3579I dont think this has to do with voting, it's greed. How come housing is going up EVERYWHERE? It's these Hedge Funds like Blackrock etc thst are buying homes overpriced

[@edhammond6911]

We are headed to third world status.

[@dw5251]

Use your brain, you’re thinking that most of the 20,000 applicants will become homeless 😂 they either live with family currently or they have roommates.

[@attilamak5290]

Absolutely true about wealthier parents giving money to their kids to buy property. I'm an accountant for a small CPA firm in Houston, and this year so far we had at least 3 baby boomer clients giving between $100k-$300k each to their kids to buy a house.

[@Gary65437]

Did they give the large check to the Kids or make it out to the mortgage company to avoid having to claim the large gift on their tax return? Currently 18K per yr gift with no tax filing?

[@attilamak5290]

@@Gary65437 Directly to the kids

[@johnhaller5851]

​@@Gary65437While there is a tax form, there is no tax until getting to the uniform gift/estate tax limits. Using a gift now protects against the possibility of the limits being reduced in the future.

[@Rita-ic9tv]

Better to give now when they need it most especially to get a home IMO

[@Realmjumper4099]

In Costa Rica Amazon just laid off a shit ton of people including myself

[@xbirdsofparadise]

Yikes how are ppl gonna afford rent or mortgage 🥶

[@frankcorrea8691]

At least Costa Rica has beautiful beaches!😅

[@benton-benton]

On the bright side, you won't freeze in CR if you don't have a home.

[@Gary65437]

Amazon boss, Jeff Bezos just bought his 3rd mansion in FL. This one for 90 million so he has a place to park his new world's largest yacht..

[@Alex-jx5bx]

Hope you will find better job soon.

[@ebayerr]

In 1990,we paid $30,000 for our two bedroom brick home on a corner lot. Nice elm and black walnut trees on the lot. This was in mid Missouri.

[@unnamable465]

I'm buying an rv. Screw this mess!

[@robertwalker5521]

Chances are excellent that you will regret that purchase.

[@MCC876]

I think there are plenty of parents helping their kids financially with help to just pay the monthly bills. Saving for a down payment for a home is just too much for many. And if a young person is able to get a down payment, this doesn’t mean the monthly bills will go down. Many parents will be helping their kids for decades.

[@ExpressionsofAwakening]

I love the little breaks of peaceful scenic footage you do , then back to the scary stuff....gives us a break for relaxation, ha.

[@Gary65437]

I keep hearing and seeing the overcrowding of people trying to park near the beach, and all his clips look pretty much like a ghost town. Can't figure that out.. Must just be the super rich neighborhoods that are peaceful....lol

[@TinCupChalice40]

I lived on a Catalina 30 for years. It’s a great way of life. I never considered myself homeless. In fact…I felt better off than the homeowners.

[@rnettles6241]

It's kind of freaky. Some days I wake up on Venice Beach and I smell the Ocean. Other days I wake up and smell New Jersey.

[@TinCupChalice40]

I was in Marina Del Rey for twenty years at Bar Harbor. @@rnettles6241

[@TinCupChalice40]

In the Early eighties there was a place called the Red Onion (meat market). On Friday and Saturday nights I had many “Boat guest”. But the AIDS Epidemic killed that off..lol. I was in my early 20’s so please forgive my young libido ..lol @@rnettles6241

[@kevinbresnahan3394]

No doubt.👍.

[@markflierl1624]

Tell me more. Did the police harass you for camping without a permit? Was it hard to get food and water? Did you beg for money?

[@chrisweidner4768]

Lived in South beach 20 years ago. Rent was $400 on Meridian. Got lucky and rented from an owner of the building. Dream is to return after my father passes. Indeed, a dream. My plan was to buy a place. Watched as places went from $89k to $250-340K Sigh.

[@colettespencer3357]

So many of us feeling the same. Missed opportunities to invest and feeling like those options are forever gone

[@Yandek85]

@@colettespencer3357 I bought with 3 percent down 6 years ago. Had I waited for 20 percent, I wouldn't own my home. The value of my home has doubled in 6 years. The lesson is that if you can buy something with less than 20 percent down, it's worth considering.

[@markflierl1624]

Those prices still seam cheap compared to San Francisco prices and I'm sure south beach is nicer.

[@s99614]

The rent is too damn high!

[@rodtruett3445]

In 2007 / 2008 the Banks made a bunch of bad loans and messed up the system. This feels very different to me. This feels like the banks made a lot of good loans that are going to go bad because the corporations have basically bled everyone dry with greedflation and price gouging.

[@orangebirddog]

It’s not corporations - they exist to take in revenues. It’s the government which has never produced anything , except misery.

[@mojoknows66]

Yes it is the corporations adding to the problem by getting covid welfare along with the fed pumping up their stock prices @@orangebirddog

[@hvaball150]

Bad loans were made prior to 2007 because the government allowed leverage to give homes to everyone. When they course corrected and tightened the leverage ratios, no money could be loaned until the leverage unwound. Took years. That is why the crash happened. Few loans. Little equity. We do not have the same scenario today. Leverage is acceptable. Equity is high.

[@murrayterry834]

also taxation without representation.

[@jojojojojojojo7013]

Bidenomics. Buy high sell low.

[@daw764]

Fun Fact: The National Association of Realtors (NAR) is the SECOND Largest Lobby on Capitol Hill!! 🤨

[@maryfischer8568]

wow, gien pharma and insurance that is nuts

[@Gary65437]

NAR needs to go over there to the country Mike was talking about, Georgia and mess up that easy buying process. Life insurance was one of the first and biggest lobby. Their selling point is you pay no taxes on the money you receive from them.

[@rpbajb]

A couple bought a house near a friend of mine, and they have no money to furnish it. They put a lamp in the front window to fool the neighbors.

[@barbarafallin2038]

They can go to the Good will, for cheap furniture

[@tomhugheslv]

So 20,000 people will have to pay a no-doubt nonrefundable deposit, and these are the poor we're talking about, even though that means about 200 application fees for every one of those units get captured by the management group. Someone is going to make bank on this. And the kickbacks will fly too.

[@mr.elastomeric1787]

Yeah 20 people a day; sounds like a full om scam would love the location; 10 minutes from my house. Gotta be the old golf course.

[@WORKSbaby]

I drive trucks I seen the whole America it’s so big you can make 1,000s of new citys no reason for this

[@keyisersoze]

Bad thinking.

[@WORKSbaby]

@@keyisersoze what’s your good thinking

[@IsaacKripke]

Okay, move to Wyoming or any other wide open area.

[@WORKSbaby]

@@IsaacKripke idk if you have comprehension skills so I’ll leave you with that

[@Heraclitus___]

Not w/ intentions to become political but Trump has a campaign dream of starting to build new cities across the nation that would be built w/ such ideas of new infrastructure & safety etc etc. “Freedom Cities”

[@juneberries4240]

I had some family from out of state come and visit this week. They went down to Miami , and had their plates stolen off their car at the hotel they were staying at. I told my friends and family, and everyone was guessing why someone would do that. And they all either said it was because they were going to do some bad stuff, OR they were trying to save money on plates and tags . Like really ?? My guess was the person was trying to keep their car from being repo'd. Talk about desperate times .

[@keyisersoze]

Because of the make and model of your friend's car. It matches theirs.

[@debbiecreter2005]

I live in Ohio and many years ago when my elderly Dad was still alive, he was selling one of his cars. Two guys came to his house and presented cash. He took the money and told them to wait outside while he got a screw driver to remove his license plates. He returned outside and they left with the car. A couple hours later the police came to my Dad’s home to question him, as the car was abandoned after it was seen leaving the scene of a bank robbery. He called me so upset, but thankfully they didn’t harm him or just take the car without paying him or take him with them.

[@juneberries4240]

@@debbiecreter2005 Yikes ! Yes, we all said the same thing - better they took the plates in the middle of the night than harm anyone.

[@spscorse]

It’s because the make model and color of the car matches there’s so they do the crime with your plates then pull over and put there good plates on and toss yours

[@pinschrunner]

They either commit crimes with those plates or want a plate with a current registration sticker on it.

[@flava1969]

Welcome to our world in California. I’ve worked in affordable housing for a decade and the process is as invasive as applying for a mortgage.

[@cumberlandquiltchic1]

Last 4 years the smokies of western NC has become Te new Florida. They sold their home n came here n paid cash. Ruining it for people like me, a widow who lives on fixed income, basic old home. Taxes and insurances always going up up up. Can’t find help to come work on house. Plumber is 4- weeks. Yard work is $125 for 45 minutes. $300/2 hr (fall )is what I pay, depending on what I need. Im being priced out. Traffic is congested, just not the mountains anymore. Then we still have the tourists on top of all the full time new growth.

[@benton-benton]

They go from NYC to Fla, then NC. Next stop, Ohio.

[@cumberlandquiltchic1]

@benton-benton 👍 only thing is… they aren’t leaving. 🤦‍♀️also, i speaking of Ohio (that area in general) they are bypassing Florida now and coming here first. 🙈 Aso, California, PNW. It’s a mess.

[@user-ne7zi3ym3b]

I can identify. I live in Florida, and since I bought a condo, 5 years ago, I have seen a big change in the area. More Northerners, and Californians have come to Florida, therefore, everything has gone up. A lot more traffic, and many rude drivers, and rude people. Florida has lost its sparkle. If you hear of any areas that have reasonable cost of housing, and pleasant people, do not tell anyone, or there will be an influx of people. I might move in a few years, and I won't tell people where I might go to.

[@johnlibonati7807]

I feel you. I’m in SW Florida in what used to be a quiet little beach town. Tens of thousands of homes have been built. You can’t get a parking spot at the beach anymore. My house value doubled in three years. Everything I own is paid off, but it isn’t cheap to live here. Food, clothes, services, etc. I do construction and small engine repair so I know my house inside and out, but if you’re not handy or at least know if you’re getting ripped off, your $100 broken AC fan blade is going to cost you $7,000 when they talk you into a brand new system. That applies to EVERYTHING. I’m now seeing people originally from NY or CA who are now moving to TN or NC or GA. People across the street just moved back to TN. My entire town is covered in for sale signs.

[@maryholloway5487]

Same in Colorado. Who are all these rich people because there are thousands of them!

[@TinCupChalice40]

I wouldn’t assume that cash purchasers are well-off. They’ve just sold their primary home to transfer to another state and buy another primary home. A 1031 exchange is more likely

[@andyholder6039]

People should come together and rise up against our government

[@JaneDoe_164]

Because the government is doing too much against the people and not being for them. They want the masses to struggle to practically being homeless and if it gets worse yes the people will rise up.

[@vincentzincone8012]

I believe a lot of cash home purchases are coming from foreigners. They are well to do in their home countries. Sometimes a couple of families go in on it. They have tourist visas and stay up to 6 months then another family takes over the dwelling, sometimes even subrenting. This happens especially near Disney.

[@Mikefngarage]

my daughter was making 20 an hour and there was no way she could survive paying 1400 a month rent. She just did not have enough money and could not qualify for a apartment.

[@robertlaird6746]

There are a lot of people that are house rich but cash poor. Many of my friends are like that. If they sold their home and moved to a less expensive place than they could pay cash for the home and afford to retire but most of them would rather stay around because of family and friends.

[@user-ne7zi3ym3b]

Or, their children don't want to leave their friends, and the school they go to.

[@Mr11ESSE111]

for them best will be to sell and move out to EU cheaper countries

[@stockey]

You're right, a boat is probably the most logical place to live in Florida.

[@loisaustin6200]

Not so sure, it can't be much fun out there when a hurricane rumbles through the area.

[@basha0810]

You have to either buy or rent a slip. Not cheap. You can't just park a boat and live there.

[@user-tl7mj2bm4m]

Until a hurricane hits...but then again...even a house isn't all that good in hurricane either...

[@arnoldberk2809]

It’s too complicated because you have to have a dock somewhere with ground transportation parked. But definitely safe and quiet. Best solution is a van parked at night on a Walmart lot. There’s internet & 24 hour security, You have food and bathrooms close and the van has just enough internal space for comfort & can take you anywhere.

[@deaddocreallydeaddoc5244]

I'm a Boomer. No one gave us homes and very few got down payments from our parents. I had to wait until I was past 50 to buy my first home and I was a professionally trained health practitioner. All through the last part of the 20th century, we had recessions every five to seven years. The situation with crime because bad enough in California by 1994 that a gang ransacked my office after I stopped a gang beatdown of a girl in my off-street parking lot. I ended up going bankrupt. The times have never been easy for anyone. Only a small percentage have smooth going. it's always been like that.

[@derikuk2967]

OK boomer! ...but it's still your fault.

[@destroya3303]

My mother bought a condo in a nice beach town on a nurses salary in the early 1990s. Doing that today would be nearly impossible after prices went crazy. The economy has never been perfect, but things are clearly in a bad place now.

[@cashkitty3472]

Gen x/ xennial got my first place at 30. No financial help. Saved , interested in myself to get better career. What took you so long?

[@user-tl7mj2bm4m]

Yup..I'm a boomer..worked for every penny. Not a lot was given to me. My parents did pay for 2.5 years of my college though...but I paid the rest to get my 4 year degree...

[@KathleenMcNe]

I'm a boomer, too. My first home purchase was a townhouse in the 80s. The interest rate on my mortgage was 14.75%. I always worked full-time-plus, lived very frugally, and saved and invested aggressively and consistently. I never earned a high salary or worked for a company that offered a pension or 401(k). I bought used cars that I kept for many years, purchased used items instead of new ones, and didn't take vacations. I was bemused by those around me who spent freely and splurged frequently instead of saving and investing. I'm now 66 and retired with zero debt and a net worth of $13.5+ million (in brokerage accounts and debt-free rental properties). It can be done, but one has to start very early and make a lot of sacrifices throughout the decades.

[@kirkholmes9316]

I live in the DC Baltimore metro area and my mortgage is only a couple hundred more than those you mentioned. I have a good rate cuz we bought in 2017. I'm unemployed and not finding work and the assistance I get isn't nearly enough to bridge the gap without greater sacrifices like no health insurance. This is all going to get crazy bad in the next year. What I don't get is why so much new construction is not for lesser income, not even defined low income, just relatively affordable. They jeep building higher end units with the industry standard cheap pre fab BS building delivered on flatbed and slapped together by cheap migrant laborers and illegal aliens who are doing better than my family....wtf And The majority of those cash buyers are more likely corporate entities than individuals.

[@user-ne7zi3ym3b]

I lived in your area, and left 6 years ago. Good luck with the job search. I know that you'll be employed very soon.

[@linmal2242]

What you are missing in your discourse, Michael, is the increase in the population of the U S A and other countries, as well as your migrant intake, legal and illegal.

[@BrianBTeman-in2rc]

I’ve been homeless in California for 5 years and I still think it beat’s paying rent prices out here.

[@michelemorrison194]

Hard to save for a house when you make $20.00 an hour and your rent is $1600 plus all of your other monthly expenses{ gas, electric, phone, healthcare, car ins} which have all gone up then houses start at $300,000. It is not the same as years ago. I feel very sorry for young people today

[@thisisyourcaptainspeaking2259]

I've tried renting twice and the tenants never could make their rent payment, nor did they take care of the place.

[@s99614]

Slow learner?

[@Denise-xe7rl]

@thisisyourcaptainspeaking2259 A few tips: 1.) Require 3 months rent up front. First, last and 1 month security. 2.) Run a criminal background check and credit history. Don’t rent to anybody with credit score below 600. Verify employment. 3.) Require tenant to carry renters insurance. 4.) Take pics of the rental before tenants move in. 5.) Put a flat rate cleaning fee into the lease agreement to be taken from deposit. Best of luck!

[@thisisyourcaptainspeaking2259]

@@s99614 No I sold the property to corporate overlords, let tenants eat sh!yt

[@user-ne7zi3ym3b]

I am a homeowner, however, used to be a renter. I always paid my rent on time, and took care of the homes. Landlords were always pleased that I took good care of their homes.

[@shirtlesslager]

@@user-ne7zi3ym3b You are a rare bird. I had great tenants only because I verified everything about them before granting a lease.

[@elliotmann9787]

Extreme desperation breeds crime. Crime without consequences will explode to unimaginable levels. I paid for my last house in cash, but it still took one week to get the title. So I had to live in a tent for one week.

[@lovingmom3460]

Thanks for sharing. I’m in Georgia , 45 minutes away from Atlanta, and homes were sold in 1,2 days and more than 100 or 200 hundred thousand dollars over asking price. And these are multi million dollars homes . It’s crazy

[@rawnzambie9772]

Companies are building luxury rentals in a service economy. They are making homes for a market that doesnt exist.

[@robmccaughey8351]

In my old world of software development, we would describe this behavior as cascading errors. It's gonna crash big and need a complete reboot.

[@karensullivan7060]

The Ivy league school I attended in the mid-70s cost about $10K/yr, including room, board and books. Nowadays ho-hum colleges cost $60K or more.

[@user-vy6xw5lb5l]

April 2024. I am in Austin Tx. Apartments have really come down.. A lot of Avaiable apartments. Seriously. Willow book $1005 one bedroom. 5 star rating.. Stony Brook One bedroom $996. A lot of complexes are giving move in specials. You said the other day on a video that Austin had 14% available apartments above the national average. You were right..

[@tdt2300]

I live in a non-HOA neighborhood in south San Diego, CA. I have noticed more people are renting out of bedrooms and garages now. What used to be empty public side streets are now filled with cars and work trucks. Overflowed parking from condos and apartments leaking into neighborhoods as people try to mitigate the expensive housing costs with unconventional means.

[@colettespencer3357]

I'm in san diego and seeing this as well

[@fredk9999]

Thank you to our host for this outdoor walk-around session. Always learn from you

[@shannondavis5728]

$1000 per month isn’t affordable housing!!!!!’

[@Tico513]

Yes it is, if I can do it, you can do it too. That's extremely cheap

[@ferhierro8123]

Keep blue voting hahhahahaha

[@user-ke7wd3cl9z]

​@Tico513 I don't make 1000 a month. Kinda makes it really unaffordable. My social security is only 685 a month and I am disabled. Lucky me though according to ssi !

[@risinbison1106]

My first house was $23,000 in 2003. It was next to a rail yard and needed work which I knew how to do. Sold it for $42,000. Bought another house for $123,000 in a better neighborhood but again, needed work. Sold it for $193,000 And bought one for $185,000, again, needed work. Sold it for $324,000 and bought, hopefully, my last house for $550,000. I’ve never owned a car newer than 10 years old, have a ton of side hustles and every purchase is scrutinized. I don’t want to rip on younger generations but I just don’t see the sacrifices that used to be made to get to the point where you’re comfortable. You don’t need $6 coffee, $1000 phones and for Christ’s sake why would you lease a car for $600/month?

[@ZodiacEntertainment2]

There are no houses for 23k any more. The lower rungs on the property ladder that you took advantage of do not exist.

[@gregh7457]

@@ZodiacEntertainment2 mobile homes don't exist anymore? that's how i got ahead in the 90's when condo's were too expensive for me. Before that i lived in the travel trailer part of the park in my old airstream.

[@risinbison1106]

@@ZodiacEntertainment2 there are no $23k houses where you want to live. They’re out there but two things keep people from buying them. First is location. People like living in nice, safe, aesthetically nice areas. I lived in a rail yard, you ever been to one? Crime is higher, it’s loud and dirty but it was mine plus it was in a rough part of town but I can take care of myself. Second is condition. There was a time where men knew how to frame, drywall and mud a wall. How to do basic plumbing and electrical, Fixing a roof and foundation were skills that men learned before they even bought a house. My rail yard house was a dump but 3 months of 12 hours days and it was more than livable and in fact quite cozy but nobody seems to want to learn those skills anymore. Funny how my great grandfather could live in a sod house that he built in freezing North Dakota but modern man wont consider a place that doesn’t have a Starbucks a block away. As a society we got soft and stupid.

[@malachi-]

People are buying pick up trucks for over $80-100,000 and that doesn't even include insurance. $1600 per month payment, plus insurance. 😂

[@risinbison1106]

@@malachi- I know, insanity. What are they getting? Glorified station wagons that won’t ever see a dirt road and are made of cheap plastic that won’t last 10 years. There’s a great video of a guy who had to replace his rear taillight on his new F-150 and it was freaking $5,000! I hope he never decides to haul lumber in his beauty Queen…😂

[@morganplisken7271]

Enjoyed this walk and talk. Great job. I just wanted to remind everyone that when you start thinking about economic principles in other countries that seem much better always remember the second that you step one step outside our USA that you no longer have a Bill of Rights. Anything that you own can be taken away at any time based on that countries politics. Play those scenarios out in your mind.

[@fudogwhisperer3590]

I just sold some land in January for double the tax assessed value and sold my classic truck that I had listed on a classic car website today for more that I thought possible considering the car market. Both cash purchases. I'm feeling so blessed right now!

[@paulsawczyc5019]

If it's the right car - it's an investment. Same for motorcycle, painting, etc.

[@user-ne7zi3ym3b]

Be wise with the money. Save as much as you can.

[@jcmontecarlo6123]

Don’t spend it. Buy physical gold !

[@paulgugger8987]

How many of those "cash" buyers are institutions?

[@tommorningstar6373]

Why do the housing cost statistics always use gross income as the measuring stick? What your gross is does not matter when all people really have to work with is their take-home pay. Net pay is where it is at. Is there a statistic study that tracks what people REALLY have and REALLY pay? I bet it is pretty damn alarming.

[@stevenpage8847]

Try owning and operating a business and getting to pay child support. It’s based on gross. Gives me zero incentive to grow my business.

[@chrislastnam6822]

Approximately 33,000,000 live in trailer parks. Over 3,000,000 people live in cars.

[@kingjesus7926]

3 million no way

[@chrislastnam6822]

@@kingjesus7926 I read that 3,000,000 statistic recently in the Wall Street Journal. I don't remember the date of the article.

[@charletonzimmerman4205]

Also living on a "BOAT" NO PROPERTY TAXES.

[@user-ij7ow2ti8k]

Doc fees gas tax there’s no escape

[@shawncook7656]

The expenses of boat ownership is extremely high. Tru you can go a long time in coast mode, but then baam, you have a bill of thousands to keep it afloat. Boats need constant maintenance.

[@jumbothompson]

But the maintenance costs are a big. I know a few people who own boats and it's costly.

[@KhameleonK]

Yea f that wobbly ass boat 🛥️ half us get sea sick lol prob 🤮

[@dogownrpenna]

I moved to Fort Lauderdale and lived there 2004-2006. We had a place in Davie for $745/mo. Then I lived through the hurricane season that had Charley, Frances, and Ivan.. It was the storm of the century of the week. Then our lease was to renew at $900 so we moved to SW Ranches at $850/mo. I was tempting contract at at Pharmaceutical in Weston and a more senior programmer was yelling on the phone at their recruiter ( in 2005) "I can't get a porta-potty East of Fort Lauderdale for $300,000!" They ended up in Charlotte. The more things change in FL the more they stay the same. FL is a nice place for a short time but my money goes further in Pennsylvania.

[@sew_gal7340]

Saw the writing on the wall, and moved out of SF 2 years ago into a small city. I bought my first house, with a huge back yard, and will start planting my own vegetables soon.

[@bills9574]

so relaxing to listen to your videos, you have the gift of gab

[@robertlaird6746]

The most money that I've paid for raw land was $135,000. Some of the times I've purchased land with a home on it for that price but those times were in the dips of the economy like in 1993 and 2011. Being a carpenter, I busted my ass on the nights and weekends after working for my boss building custom homes from the ground up. I designed and built my home and repeated that process over and over again. I did all the work myself without any help at all except for on the days that I needed concrete. I believe that the only way to get ahead is to work very hard and not make mistakes along the way or if you do, make little mistakes so that it doesn't hurt so bad. There are many ways to get out of the rat race but you have to make a plan and put it on paper as well as think about it all the time till it becomes a reality.

[@danyoyoh]

Where is the best state to buy raw land?

[@robertlaird6746]

@@danyoyoh Probably Oklahoma

[@garymensurati1631]

Enjoy your life when you still can. Very hard times inbound. Thanks for the update

[@MikeBDaniels-bv8io]

Wow, what great info, Michael, and appreciate the documentation (egs, the building in Hollywood, FL, and the transaction system in Georgia) of what you report. So much BS and bias in the mainstream media. I DO appreciate and look forward to YOU giving ‘ the real deal’ on what’s going on. Thank you!

[@amrice62]

Please keep an eye on your bank accounts- sudden 25 dollar maintenance charge appeared on mine. Got it reversed. Sorry ma’am Keep your eyes on every detail

[@dd-uy5lx]

very true, I got a prime charge. wtf moment.

[@jayesimond9301]

Don’t bank w/ banks, put ur & in a credit union. Both are financial institutions but banks charge for everything.

[@glorioskiola]

there's new federal regulations that severely limit the fees banks can charge for overdrafts, returned checks, late payments, etc. So they have to make it up somehow.

[@dd-uy5lx]

@@jayesimond9301 my been free for decades. be smart

[@amrice62]

@@glorioskiola I told the guy I thought that was very sneaky. All the banks are a mess anymore -but I am considering changing just for the fact that they tried to lift 25 bucks. The problem is what bank?

[@ShawnRomack]

I am getting tired of the younger generations thinking that we didn't have it hard.

[@benton-benton]

Me too. They have no idea.

[@user-ne7zi3ym3b]

I agree. I worked for 50 years, and I think a lot of them don't want to work.

[@brn2863]

Lol

[@jonathanjacques7250]

Amen, we didn't have shit. Worked our ass's off to buy a home and have a good life.

[@TheWolferinDenver]

The tik tokers that complain about the price of everything have nice apartments. I've always lived in lower or mid level rentals. High end required a roommate. How are they suffering when they have a gym , pool and 10 pairs of new shoes.

[@SlumberBear2k]

the system needs to break so the problem is obvious. there is no excuse for so many working people to be struggling for basic low income housing. Something has to give.

[@philsky888]

Always looking forward to your next video!

[@savedbygrace777]

You are so right Michael, this is so messed up.

[@SunofYork]

Who is Grace ? Is she East European too ?

[@goldengirls0125]

No one gets creative . Get a Roomate , make the dining room a bedroom . Put a trailer m back yard . I live in an airstream in the patio of my 4 units and drive a 2007 Toyota even though I have 10 rental units . People have a spending problem and want instant gratification.

[@LilyGazou]

People aren’t desperate enough yet.

[@eternalspring1034]

I don't like dealing with random drifters unfortunately.

[@jkmarshall3553]

Solid, bro!

[@goldengirls0125]

@@LilyGazou yes but it’s called preventive maintenance. Plan ahead .

[@goldengirls0125]

@@eternalspring1034 You can take your time find the right tenant. Section off area even build internal walls use the garage .Have a Roomate lease .Check credit and bank reserves and references.

[@kriskoens1302]

Love listening to your videos. You are right on target!

[@josephvallejo4066]

Since watching your videos which has been extremely informational,I myself have learned so much more about the housing market. Thank you so much for sharing. I've also subscribed so please continue to share. Awesome stuff. Loved your comment about living on a boat. Just think of the change in scenery. My wife and I are considering that option. Again thank you.

[@boondoggle4820]

In Baltimore, they recently announced a program allowing people to buy houses for a dollar if they pledge to rehab the property and live in it. I don’t think that these are wealthy buyers paying all cash for homes in Baltimore. I live in Baltimore and I saw houses for as little as $5000.00 in really bad neighborhoods two years ago.