PROOF! The Housing Market HAS ALREADY CRASHED...

[@MichaelBordenaro]

Ford, GM, Stellantis CAN'T SELL CARS! Lots Are PILING UP! kzbin.info/www/bejne/jJ_OfKFse69msK8

[@saininj]

You're not even kidding. My Hyundai dealership called me up begging me to buy a car from their overstock.

[@saininj]

​@@MrSteeDoothe salesman sounded pretty desperate, but hey you're probably right. Probably a bit to get me to buy. 😅

[@hexfreedom3614]

What's happening to USA. Why aren't we demanding change? If we are not doing anything it means we are accepting our country's fate.

[@joycedudzinski9415]

Too expensive for junk.

[@daniellebustamante9159]

⚠️⚠️⚠️DO NOT FORGET THAT ONCE GOLD WENT DOWN FROM 850 TO 250 PLEASE ⚠️⚠️⚠️⚠️⚠️

[@-OBELUS-]

Exactly. Your house isn't worth more. Your currency is worth less.

[@cynthiawylie3584]

You are exactly correct!!!

[@hellohey000]

This is depressing. So our dollars are still going strong in foreign countries but our money is weak in its own country? Please say it ain't so?!

[@CaptCrunch106]

If you cannot trust your government to respect your rights to honest money… why the heck would anyone ever think that same government can be trusted to preserve their property rights???

[@francismarion6400]

​@@hellohey000Did you vote Democrat?

[@hellohey000]

@@francismarion6400 I voted for Trump. But I think this would still happen. We have been doing the boom/busy cycle since forever

[@nicolasbenson009]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@Michaelparker12]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@tatianastarcic]

You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

[@berniceburgos-]

Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.

[@tatianastarcic]

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

[@BridgetMiller-]

I located her, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.

[@marchansen9455]

Matt's input made this episode the ultimate reality show.

[@paulh6096]

Did it cross your mind at all he could be some random construction worker punking Michael? It did mine

[@Rikankub]

@@paulh6096He didn’t look Mexican to me, so unlikely.

[@kaohsiung99]

@@ShadyD365 @23:09 What if she was AI generated?

[@boarhollow7214]

I do not have the ability to understand this Matt dude. This Guy is the "CEO of a Company" that is DOWN 90% and he had to get ride of his ENTIRE STAFF things are so bad. Yet he thinks its "The perfect time to buy a $4,550,000 house with NO INSURANCE AT ALL (in Frigging FLORIDA!) and sign up for "$150,000 Property taxes" ?????? WTH ??? Can somebody explain this "logic" to me ?

[@sichuan385]

​@@boarhollow7214 He probably has 10m cash in the back through inheritance

[@sekour]

All the time I've watched this channel, I've remained silent.... This episode made me speak. This is a very mature channel for prudent adults and conscientious investors. The grown folks are in the building. Shout-out to M.Bordenaro.

[@AssetAddict]

I'm sorry you think there's value in this channel. Shows your level of financial ignorance. No offense, just be careful following this guy.

[@CarnivoreStork]

@@AssetAddict Jealousy does not look good on you.

[@goombah226]

I'm living in a van down by the river!!

[@AlmaMelvin58459]

last grown ups were from the greatest generation.. they are all dead now.

[@VictorianMaid99]

Making money on real estate is like going to Vegas...

[@AwesomeDocumentary]

I tell this to people all the time, your house didn't go up in value, your money is just worth way less.

[@kaohsiung99]

BINGO! It's not that a new Toyota Camry isn't worth $33,000. The problem is that $33,000 isn't even worth a Toyota Camry anymore.

[@jano.3611]

Exactly, and that´s why BITCOIN.

[@John-lz3hf]

Bitcoiners simply say, "1 Bitcoin = 1 Bitcoin"

[@blackworldtraveler3711]

I bought my paid off homes to live in not an investment. Also retired in my 40s with zero debt as planned.

[@JohnJohnCrusher]

​@@jano.3611 no that's why not Bitcoin. Car is real. Bitcoin is canned air.

[@TheSafetyDocPodcast]

Property insurance and property taxes are hammering homeowners.

[@dertythegrower]

Yes, and the very high apr rates never seen in a long time inflate the monthly payments for most buyers... it is peaked for sure, and can not go up forever...

[@TheSafetyDocPodcast]

Good point! Not to mention buyers with adjustable rates. They are getting clobbered!

[@dertythegrower]

The usda rates for single family rural loans is the best option

[@jkmarshall3553]

I have been hammered!

[@TheSafetyDocPodcast]

Matt, the man interviewed in this episode, has opted to not insure this $4 million property. That approach is trickling down to less affluent buyers. How long before the typical house property insurance deductible is $25,000 or even $50,000?

[@mikegagliano5343]

Couple things my wife and I like about these videos - pleasant delivery/voice, logical thought processes, and seeing the various Miami area homes in the background - it's a subtle but effective formula for agreeable and entertaining youtube watching. Got to think that part of the mainstream media's decline is just can't imagine watching churlish CNN or MSNBC when there is more engaging content like this available

[@Pallasathena-hv4kp]

Bingo!

[@dertythegrower]

those 2 networks are constant misinformation and rarely has an intelligent voice.

[@bigscores7237]

CNN and MSNPC's record of outright lying is atrocious. I don't suffer from the Gell-Mann effect and no longer watch even the local news due to blown trust.

[@amyhudson1016]

💯

[@816928]

Damn straight

[@marcofluff]

I deliver mail and packages for a living .The number of packages im delivering is so low that it's comparable to 2005 thru 2009. But the scary aspects are that back then online shopping wasn't entrenched as it is now.

[@Barro122]

I’ve been wondering about this…

[@dertythegrower]

That is a good metric we do not usually hear about.... whoa

[@Jeffrey-s6g]

I believe it. People spent everything and then some. Lots of people are flat broke

[@Jeffrey-s6g]

@MrSteeDoo well I can simply say I am seeing less fedex, ups and amazon trucks in my neighborhood. I have security cameras and was home on vacation today and zero trucks today. Plus there is only one way in and out in my neighborhood and I have the first house coming into the subdivision. So?

[@Horatio1886build]

Actually that IS a pretty good metric because he is delivering to the general population- so NOT just one guys experience, it is a good metric.

[@SlowDriver2024]

If a multi-millionaire tells you it's bad, especially one who had seen and experienced it all, you better believe things are BAD now!!

[@ajhope1479]

I guess it is all relative. Sorry but it is far worse for the every day lower and middle class person. A millionaire can lose millions and still survive and live a comfortable life. if the guy loses a $4 million home he could still get by with a $400k home like the average person.

[@RobertDarcy]

@@ajhope1479 That goes without question! That's why Biden and The Democrat party can't relate to the struggles of working class Americans!

[@Landstalker1999]

He bought with cash and says it's bad for him now. Imagine the people holding the mortgage bag at the current state....

[@bitkrusher5948]

Multi millionaire means you lucked out might own a couple of houses in a nice semi nice area ......does not mean they know any better ....been homeless and still maintained friendships with my multimillionaire frends I can tell you money and status doesn't mean a damn thing WE ARE ALL FALLIBLE.

[@tiredtreasurestore]

As long as it ain't Trump.. oh wait He's not a multi-billionaire He's a fake billionaire never mind

[@MablePauls]

Buying is great if you find a great deal in great location. It's not really a "profit" until you sell, though. So your networth will climb, which feels pretty good, but you would still have to pay rent or buy a new house if you were to sell. You would have collateral, though, which means you could borrow money for other things. Or you become a landlord like Graham and you get other people to pay your mortgages for your downpayment/investment. But owning a house will soak up a lot of your income compared to finding cheaper rent. Mortgages kind of suck, because they make you pay more towards the interest than the towards the actual ownership of the house.

[@johnrambo7630]

The "quality of life" crash is upon us.

[@BV-Auto]

Yeah but not for you. Youre a green beret.😊

[@alexlopez5800]

John Rambo lol 😂

[@Energyfl00d]

You were trained to eat things that would make a Billy Goat puke. You will prosper.

[@DianaPrinceitiswhatitis]

I tried not to laugh, but I’m rolling 😂

[@cynthiawylie3584]

It’s by design. Same in the European Union.

[@ParkDari]

When you see properties on the market for over 100 days, you know there’s a problem. Some sellers are just in denial but those properties are no longer moving at these ridiculous prices

[@jogregg6442]

Exactly right.

[@unnamable465]

FACTS I SEE IT EVERYWHERE!!

[@richardball7251]

It’s not so much the price as is the rates ..a house that was bought a couple years ago is almost double in payment

[@ihave35cents95]

House doesn’t last 26 days on the market in my area

[@johnkom2339]

Real estate is like musical chairs, people keep buying and flipping as long as the music is playing. Once the music stops (high interest rates), someone is left holding the bag. The game is over.

[@j.r.4187]

I found Matt's home on the Internet. When it was built in 2015 it was listed for 3.995 Million. I also saw the history of prices on that house. 15 months ago the bank was asking 6.7 Million. So yes, Matt made a great buy on that house unless the real estate market crashes from where it is now 😁

[@emmanuelchristie629]

This should be pinned. He got 33% off that house which doesn't make him look so crazy

[@jefftri]

It also goes to show the different mindset of someone who already had a large net worth.

[@ripvanwinkle3432]

Bro probably always looks crazy lol

[@treesnmoguls]

OR if he can't pay the property taxes due to the fact that his company has been gutted...

[@FreeAmericanUSA]

Maybe stop by in a few years to see the outcome.

[@leondonald]

When the dollar gets weak, it could mean tough times ahead economically. I'm thinking about how to protect my money from inflation. Lately, I've heard a lot about Bitcoin. With its halving finished and ETFs approved, many folks expect its value to shoot past $100k. I've got $300k saved up, and I'm tempted to invest now. But I'm worried: Is it too late to make the most profit?

[@donna_martins]

It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

[@Robert_Seaman]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.

[@Trevor_Morrow_LTD]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@Robert_Seaman]

Vivian Jean Wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Trevor_Morrow_LTD]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@LandlessCountry]

A quick two-minute search online suggests that Matt's company is probably a scam. I wouldn't trust him at all-he seemed very agitated and inconsistent in everything he said. He was also sued by Pennsylvania Attorney General Josh Shapiro for allegedly charging customers excessive fees for rental services and ended up settling. Michael almost had a heart attack when Matt started talking about loans and borrowing as much money as possible. This Matt guy is a joke and has likely scammed many people to get where he is. He's definitely not someone I'd look up to.

[@missfromsunshinestate]

Finally.👍

[@jcbnyc2009]

He depends on cheap labor and no rules just to stay afloat. He doesn't even live in his homes.

[@phoebelee55]

@@jcbnyc2009.. go back and listen to the video again… Matt said he lives in all his houses

[@jcbnyc2009]

@@phoebelee55 "lives". He can't really afford them, so he must flip them.

[@jvick953]

@@missfromsunshinestate cocain cowboys was a good documentary

[@Ron4885]

wow, this was outstanding. It was a pleasure listening to your conversation with this gentleman. For his wealth, he's still very down to earth and very personable. Thanks much. 👍

[@fredk9999]

Thank you to our host for these outdoor walk-around segments. Always learn something

[@Gondor_Sanitation_Dept]

This frickin' guy just coming into the video and showing his house...spittin' facts left and right. Bro is a legend!!!! Love it

[@rubicon3416]

He's the only employee of a failing limousine company. Lol

[@boarhollow7214]

I do not have the Ability to understand this Matt guy. Matt says he is "The CEO of a FAILING Company with sales down 90%" things are so bad he had to "Let his entire staff go and he is the now the ONLY staff". Yet at the same time he smiles and says "its the Perfect time to buy a $4,550,000 House (and put another $100,000 into it) WITHOUT ANY INSURANCE AT ALL (in Frigging FLORIDA of all places!!) . Can somebody explain this dudes logic here because i do not have the ability to understand it?

[@shawtvision]

@@boarhollow7214 he is trying to protect cash he already has , instead of his cash holding being stole completely by the gov't via hyper inflation. that way when all this happens he has at least the house, otherwise he will have nothing but worthless stack of paper.

[@networth00]

@@boarhollow7214 Makes no sense.

[@destroya3303]

@@boarhollow7214 He explains further. It really comes down to FOMO and fears of hyperinflation. Personally I don't think it is going to be hyper since we have the world's reserve currency, but who knows.

[@wintechcorp.5468]

We really liked this video from yesterday. It was an interesting perspective looking at values in relation to gold. And especially we found the impromptu interview with the homeowner you met by chance on the street informative. We liked that it was unplanned and candid, with a different point of view. Great video !

[@johncorson6599]

Great conversation with your neighbor .. he gave a great perspective

[@gordonmack7766]

That's not his neighbor, Mike lives in a little condo on Collins Ave, this guy has a mansion two doors down from Cindy Crawford on North Bay Road. They are not the same.

[@MrBojo-jv4qq]

@@gordonmack7766 Not really a mansion, but it is a top location.

[@jaybrown1480]

FYI: That guy is going to loose his shirt!! If the bank had a hard time selling so will he! Michael, please give us an update on that house! BTW: Since 1970 gold has outperformed the Dow!! GOLD +9,254% DOW +4,828% KEEP STACKING

[@jaybrown1480]

@@MrSteeDoo ok, go all the way back to 1907 to present.

[@brianrash9885]

@@jaybrown1480Yup, history is a bitch.

[@sojourneroftheland]

Is there a way to find out the same stats against silver?

[@jaybrown1480]

@@sojourneroftheland SLIVER + 1,593% since 1970, but silver could go to $300 which would be around 15,593% KEEP STACKING!

[@sd-xk7qr]

Just look up the price of silver in 1970

[@al__karita]

Our company is down 90% We bought this house for $4.5M What?

[@Frank-qs3pe]

Exactly !! Matt scares me I hope he doesn’t become homeless.

[@kaputasri]

Rich folk are a different breed 😅

[@TravisPluss]

@@Frank-qs3peI hope he does so he stops inflating the housing market with his ridiculous serial-purchasing of homes! He’s not going to have a leg to stand on once his company declares bankruptcy.

[@Tier1Norseman]

He also fired everyone that worked for him. 😊

[@daMillenialTrucker]

His company is worth $300,000,000. I looked it up, he does professional chauffeuring for executives whether it be by land or air. Dudes rich as fk

[@ColeDedhand]

It's not a "real estate" crash. It's a dollar crash.

[@TravisPluss]

It’s both.

[@shanejones578]

It’s the countries collapse.

[@shanejones578]

Bigger than that, country.

[@JimmyLeeJr]

Your home isn't going up in value, your currency is going down in value.

[@ultramindcontrolrealzz8367]

If i bought a house for 4.5 million cash i wouldnt tell a youtuber on video thats for sure and i really wouldnd tell anyone i have no insurance.

[@aaajimmyb7472]

Your 1000% right on.

[@HPM619]

My thoughts exactly

[@tommytomhan]

Most of us buy houses with loans and make payments from our income, so for almost all of us, the prices are higher because our wages have not kept up with the prices of homes and vehicles.

[@shanejones578]

Nobody can afford anything. Believe only half of what you see and none of what you hear…

[@Technotranceism]

With so many companies making record profits, it would seem that the dollar value, isn't as deflated as they're led to believe.

[@tommytomhan]

​@Technotranceism Of course, the large companies have record profits in times of higher inflation. That does not mean the dollars are not deflated, it means the opposite.

[@AlphaJ369]

Forget the price of gold. I sell homes in California and the price per square foot has been coming down over the past 18 months. My roomate sells new homes which is a huge chunk of the market and they are down nearly 20% when you count the incentives. Resale is down just a bit but the days on market has drastically increased.

[@RobertDarcy]

So a downturn is happening, you're saying.

[@thetapheonix]

Only fools would buy in California.

[@Ethan-bu2zy]

California is beautiful but suffers from so many self-inflicted problems. The math simply doesn’t work for most people.

[@berninme]

It’s similar to people complaining about “record profits”. Well, those profits are denominated in increasingly worthless dollars. What’s going to happen when these companies have revenue and profit misses even with the dramatically devalued currency?

[@TravelwithRichardandJudy]

That guy Matt made absolutely no sense whatsoever. Hes probably one of the guys hired to work there for $30 an hour.

[@manojamin6094]

😂

[@MusicLoot]

He looks like it 😂

[@lisamc2820]

Some of the richest people in the world don’t dress up - I think he’s got a lot of good points. And if he can help work on his own house to make sure things are getting done, look back at some of the richest people who still go out and work to get it done.

[@Mrs.e479]

What a nice surprise and great guest on your "show." He's gracious and informative and I hope he knows how helpful he was to the viewers 😀

[@adoss7273]

NE FL here. Prices still going up and things selling above ask. I had an offer rejected a month ago just saw it closed for $20k above ask. This house had a multitude of problems: bad roof, bad windows, bad flooring. I did the math and it was about $50k in work. Now I know this house isn't worth the price paid + the required repairs, yet here we are.

[@JFEnterprize]

If the came from NY it didn’t matter 😂🎉 they got out that was there only concern. If they had 400k in equity it’s a break even for em

[@ecliptix5436]

Also NE FL here. Just left St. Augustine, back to Jax for a spell it seems. Unless I get about a 300% raise, I'll be renting for the foreseeable future. At least Jax isn't as pretentious as St. Aug has become. I doubt the entire city government of that town has 10 brain cells between them at this point.

[@s99614]

St John's County?

[@dsj9831]

Large investors with cheap labor wins every time.

[@Falconlibrary]

Investors and foreign money launderers. Mystery solved.

[@scottydont7904]

Flipping houses is a bigger fool theory. You reach a point where somebody is stuck with a house that they cant sell but your company went bust and now you cant afford to live there.

[@Unhinged29]

Flipping is a good idea if you actually buy a rundown house and fix it up. Problem is people just buying homes and raising the price with no improvements.

[@mowtivatedmechanic1172]

And I’ll laugh when they get smoked.

[@dvaritek434]

He will be fine if he can ride it out. The only thing that will kill him is deflationary collapse, 1 of 3 options the economy could take, and the least likely. At worst you just sell at a loss and write it off.

[@_clownworld]

Could I start a home improvement business LLC, buy a house (live in it) and fix it up all while being write offs?

[@dvaritek434]

@@_clownworld consult a tax lawyer. There are all kinds of loop holes.

[@calvincooper9667]

I hope you guys make another video. I enjoyed his perspectives

[@Gio-ue8ps]

I am a real estate professional. It depend a on where you’re looking. But states like Texas with a ton of new correction have already had a 20% crash in nominal value. It’s an even bigger crash in terms of gold.

[@ianbaringer]

6 months from now it will be interesting to rewatch this video and see how the view point of the future economy holds up, e.g. hyperinflation, stagflation vs depreciating, this will be an aged well or didn’t age well scenario. Nice Job as always Michael !

[@colinchapman2752]

One of the best episodes..i like that guy. You should have him on more or every once in while pass by to see what is new with him.

[@soniabayer578]

Insane.. house for 4 million ! A true gambler this guy is !

[@guzmancharles7]

This got to be one of best video, something not planned turnout to be the best. Is great to watch the other side and this gentleman looks like a genuine CEO. PPL needs to see this more often, honestly. Thank you for this informative video👍

[@jeffnapoliello]

Thanks!

[@MichaelBordenaro]

Thanks a lot!

[@jamesoldja9757]

Matt should have put $4.5 million in treasuries and just chilled with $18,000 monthly return..and just wait for the asset bubble to pop

[@ClayReed]

Best Walk n' Talk yet that was fantastic interview with great insights

[@lisapolanski9379]

Excellent interview. Wow. That was very sobering to hear Matt, the CEO, say that business is so down ...

[@danielj3010]

Dude what a great tour and conversation!!

[@stephaniewilliams5548]

Yup, great to have input from a REAL GUY actually in the market! Thanks to you both!

[@aquarius9491]

keep that bucket handy once you learn after the crash the house is worth 500K

[@AlphaJ369]

At least that's not a very nice shirt cause he's gonna lose it!

[@Frank-qs3pe]

@@AlphaJ369😂

[@XanVicious]

Back in 2015 this house was a little over 3.5 million. Even then that’s overpriced imo, you’re just paying for the privilege of saying “I live in Miami Beach”.

[@novadhd]

@@XanVicious i think 2-3 mil is what is worth in normal times for that area

[@RP-nc5ev]

Jajajaja 😂jajajaja 😂jajajaja true statement

[@Kin-28-8]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 56.

[@Thompson-e7h]

I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

[@Helen_white1]

I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

[@DhanaPayar]

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

[@Helen_white1]

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

[@Lewistonwilliams-f5i]

Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@deedevries1123]

The guy buying his house for 4.5 million could of bought a nice house with a pool in the mid west for 400k and lived happily ever after on the interest he would make. To each his own I guess.

[@alisummers7984]

I think he’s buying, and when they go up he sells, makes a profit and goes on to the next house-

[@leisawolff4580]

Miami is a more desirable area than the Midwest that has no beaches and a cold climate hands down

[@truthseeker1959]

@@leisawolff4580Not to mention plenty of tornados.

[@395PRS]

This was Fantastic! Authentic and genuine exchange with facts and opinions.

[@BV-Auto]

Dave Ramsey refuses to admit everything is crashing. Despite all the evidence

[@SonnyL3773]

Because he's rich

[@Khaos-y7n]

Because he's a shill.

[@kellybrandon1179]

For sure

[@mowtivatedmechanic1172]

Because he’s a BOOMER!!!😂

[@RivIrie]

He has a lot to lose

[@mariaantwan7479]

Sir, I don’t know who you are, but your doom and gloom videos got me hooked 😂

[@WildBikerBill]

Is it really Doom and Gloom? Or is it Reality?

[@Aright231]

@@WildBikerBillit’s doom and gloom, but that attracts the “starving status” that a lot of people start out in if they aren’t born into wealth. But seeing someone flex and look they are doing better than everyone isn’t quite as satisfying no matter what echelon of life you belong to.

[@mosesmoua2012]

@@WildBikerBillit’s doom and gloom. Housing takes years, he post videos daily. There isn’t that much going on everyday. He has video title “people are going broke” “People are in debt” people cant afford this”. It’s basically rebrand title with same information and reasons.

[@aviationnerd7806]

​@@WildBikerBilla little of both

[@PianoMatronNeeNee]

Totally agree! Prices are falling. Great info Michael. Thanks for all you do giving us great content. Really appreciate your channel.

[@MoBarclay]

That was a good one! Shout out to Matt with the idea to borrow money at 27% or less to buy an uninsured house in Miami ! lol

[@cjdunne1969]

😂

[@SO4JTV]

Grreat job doing this impromptu and off-the-cuff Michael Bordenaro 👏 - was really nice to hear from Matt and his perspective on the economy and more .. 💙

[@mrs.d6149]

I posted a comment when you were talking about gold. Then you ran into the guy. What fun! We got it straight from the horse's mouth. Thanks for sharing this with us!

[@uzmas.9513]

Great video! Seeing someone in real life speak about the lay offs and the truth of whats actually happening vs the lies they are telling us.

[@Knowledge-b6o]

Ridiculous. No end in sight. This country doesn’t take care of the elderly. Politicians are so corrupt. It’s a shame!

[@sampk9229]

and yet people still vote for those politicians .

[@pertinentparadigm1337]

That's awesome you ran into Matt! Great perspective!

[@jameswalker5645]

Really enjoyed this video. That man has a great perspective

[@Lacuna1122]

This guy is buying 4 million dollar homes. I'm dusting off my body armor while I listen.

[@chrislastnam6822]

No he isn't. He lives in a modest condo.

[@oneslackr]

@@chrislastnam6822 : Further below @j.r.4187 says - "I found Matt's home on the Internet. When it was built in 2015 it was listed for 3.995 Million. I also saw the history of prices on that house. 15 months ago the bank was asking 6.7 Million. So yes, Matt made a great buy on that house unless the real estate market crashes from where it is now."

[@oneslackr]

@@chrislastnam6822 : Unless you personally know Matt, there isn't any reason to doubt what he said.

[@oneslackr]

@@chrislastnam6822 : Further below @j.r.4187 says - "I found Matt's home on the Internet. When it was built in 2015 it was listed for 3.995 Million. I also saw the history of prices on that house. 15 months ago the bank was asking 6.7 Million. So yes, Matt made a great buy on that house unless the real estate market crashes from where it is now."

[@oneslackr]

@@chrislastnam6822 : Do you personally know Matt? I doubt it.

[@louisefarrington9170]

Matt “My business is down so much,we are having a horrible year, I’ll buy a 4 million $ house” 😂😂 Great video, thanks Michael and Matt for contributing!

[@TravisPluss]

@@ShadyD365if a property is worth 4 million, but there is no one who can afford it - is it actually worth 4 million? 🤔

[@DubDigital]

​@@TravisPlussno...no its not

[@RaechelMaelstrom]

"You can't live in stocks" Matt my man, I can't afford to live in a 4 million dollar house either. I feel like this is the top calling in. No insurance, no inspection.

[@Bergamot88]

Raechel my guy the top called in you don't need to live in a 4 million dollar house either they have houses in all price ranges

[@AssetAddict]

I only inspect and insure like 40% of the times. High Chace for flood is what I insure 100% of the time.

[@pete4096]

It's weird that he bought it sight-unseen and with no inspection but then said it was well built, with "good bones." That's something to discover with an inspection, not after the fact!

[@MarionTheSecond]

This is like the scene in the Big Short when the hedge fund managers were talking to the hot shot realtors, brokers and that home owner who had like 5 properties 😂 " ITS A BUBBLE!"

[@bullishkrypto]

It's hilarious how now everyone is talking in Gold after it ran. No one talks about how Gold price didn't change for like 12 years while everything else ran up tons.

[@paulh6096]

Not to mention the ZERO dividend payout you get owning gold. People conveniently forget the fact that high quality stocks also provide regular returns even when the value of the core position may be less. Next up, let’s compare buying a house in shares of Nividia 3 years ago to today 😂

[@Khaos-y7n]

You're not listening to what he's saying. YOUR BASELINE IS GOLD as it's the only real form of money and the fiat dollar value fluctuates against it. What he's saying is that the dollar decline is keeping pace with real estate decline so they hide their respective declines if you compare them to each other. I sold all but a few pieces of real estate about 8 months ago then rolled that money in silver, gold and T-Bills respectively knowing that the dollar is going to devalue. I made 30% in the last few months off silver and 20% off gold so if the dollar dropped 20% in the last few months and real estate is the same against the dollar then real estate also dropped 20%. This dollar devaluation is just getting started.

[@marybowers6090]

They were artificially suppressing the price of gold

[@dylanbly3468]

He’s basically just saying that when you adjust for inflation house prices are down

[@robertmanley2687]

@@paulh6096 10 for 1 split in June

[@Ldastwpayh]

I love your channel. Keep these home topics and economy news coming. It's helping me rethink my next moves and what I need to be prepared.

[@p.granger8824]

I’m not Antigold by any stretch, however when Mike talks about the price of gold he’s talking about what I believe is the spot price of gold. However, when you buy and sell gold you don’t receive the spot price. You get to pay a commission to the dealer which can be like 10% of the price going each direction. Then if you have physical gold, unless you’re keeping it in a closet you have to pay for secure storage. Just sayin, the numbers aren’t Exact.

[@Khaos-y7n]

Depends on who you buy it from or sell it to. Also on the type and size of metal.

[@deedevries1123]

No way, when you sell an ounce of gold, you get $20 over spot for eagles and $20 to $40 under spot for bars....your 10% would make it $260 under spot, that's crazy talk. Here in Mi there is no tax when buying or selling.

[@chrisrodak2854]

Exactly what I was saying, and in some states are charged sales tax when purchasing the gold.

[@chrisrodak2854]

@@deedevries1123 That is all dependant on the shop you sell to... which changes all the time.

[@Knowledge-b6o]

That guy with the 4.5 million dollar house was annoying!! Not everyone was born into wealth! He talks like investing millions is no big deal. What a clown!!

[@shanesteven4578]

How cool was that video … thanks to you both 🎉🎉🎉

[@Brandee.]

I'm in New York and seeing prices coming down too..not enough, but a little..hope you're doing well Mike ❤

[@logjammerable]

I am also in NY, prices are not coming down where I live. Still going for anv 35% over asking price. Avg 72 hrs on market.

[@Brandee.]

@logjammerable I'm upstate NY..many of the city and northern NJ folks are buying up properties here...

[@logjammerable]

Yep, upstate NY as well. It’s bananas.

[@patriciamay6396]

It’s interesting to hear someone at a completely different level talk about how bad things are. We assume rich people are impervious to loss

[@DIVISIONINCISION]

For the wealthy, loss isn't near as bad. It's an inconvenience, not life and death.

[@Mar-dm5hq]

⁠@bohatybrI’m also in Florida where do you recommend moving to ? The cost of living is really insane !

[@chip6954]

Until payrolls are dispensed in gold and homes are bought & sold in gold, using gold to support your position is pyrite.

[@dertythegrower]

Who outs all their eggs into one basket? It is often recommended to be 10 percent of your net, not 99

[@calvincooper9667]

That’s why God created the black market, non taxable or traceable

[@Mark-pb8kj]

I wonder if this guy has done his part and bought his 1 oz of gold and 8 oz of silver yet.

[@calvincooper9667]

@@Mark-pb8kj great point? I also own a company in WPB, Cal’s Rentals and property Mgt. I have absolutely NO debt or insurance payments. I believe I am in better financial shape. Being a debt slave at any level is tragic

[@calvincooper9667]

Oh! I forgot to say inflation proof! 🤗

[@bibibachmd9995]

Thanks Michael. I liked hearing Matt's story.

[@mr.metaphor9509]

Excellent, I enjoyed listening to the different mindsets

[@blazeorangeandcamo]

You're right. It's the same reason that Social Security recipients have lost approximately 30% of their purchasing power since the early 2000's in spite of annual COLA based on fiat money amounts.

[@Jeffrey-s6g]

Cars, houses, and even mobile homes are truly overpriced. Everything needs to be back to reality. It actually nice to start seeing cars are now depreciating in value as they should. As always, keep up the good work! I truly love it and enjoy watching daily.

[@dertythegrower]

2009 miami mobile home, private mortgage 50k... now worth 125-150k at the tip of us1 before the keys

[@userofsharingan]

Stop fighting the push for electric cars and you will see a real crash in the value of cars. Gas cars are an old technology theres no more cost saving to be made there electric is what the car industry needed

[@Killswitch1411]

@@userofsharingan yeah no! The infrastructure isn't ready for Electric cars. Your power goes out how are you going to charge your damn car? So many issues with electric besides how bad they're for the environment when they mine for the cobalt. Stop being a nitwit.

[@IP0Monsturd]

Right! When will gas get back to 25 cents a gallon and candy bars were a dime? I’m waiting.

[@userofsharingan]

@@Killswitch1411 LFP batteries dont use cobalt

[@sojourneroftheland]

Glad you re showcased the information...its one of your best videos, and a very profound piece of information.

[@RealJamesNeal]

Great video my friend, thanks for the great content!

[@LegallyBlondeCritic]

Great guest. Interesting perspective.

[@StuggleIsSurreal]

Well done, Michael. Nice comparison of Gold vs USD.

[@MichaelBordenaro]

Glad you enjoyed it! More people need to know this stuff

[@TMZtOO]

Absolute need to follow this guy, like every 10 days or when the water gets to hott...

[@Horatio1886build]

Gold silver yes- but the transaction cost is higher than most people realize - 20% buy - 20% sell .

[@anthonyiannozzi6777]

True. You would have to get the seller of the house to physically take over your gold as payment for turning over the title of the house. In other words, don't convert the gold to cash and pay the commissions in order to pay cash to the seller.

[@MikhailFromUSA]

@@anthonyiannozzi6777nobody would accept it

[@Khaos-y7n]

Your buying and selling to the wrong people.

[@oscarellis2563]

The good thing once you own it it's truly the most decentralised product there is however you do pay for that in a premium when you buy then when you sell

[@Khaos-y7n]

@giselawatson2203 Are you referring to capital gains? Only a fool would report the transfer of metal to the government.

[@Dosh-cd4mo]

Great video. I really enjoyed the talk with your neighbor. You should have him on for future talks.

[@garnetsome]

Really enjoy and learn from your channel! Daily listener. This video is so interesting Wonder what his view is now 6 mos later?

[@nydiaortega148]

What a spontaneous and wonderful interview. ! The other side of the story. 👏

[@gmagz0647]

Bottom line is that the US Dollar is losing its buying power? Home prices aren’t rising because of real appreciation, it’s just that it takes more dollars to buy the same amount of home? Trying to understand.

[@jimfurr.3]

One of the best ways to explain the Silver/Gold advantage is to take a common commodity like a loaf of bread. For simplicity I will say that a loaf of bread costs $5. And a one ounce round coin of silver costs $25 So, you can buy 5 loaves of bread with that 1 oz. of silver. But with inflation say that loaf of bread goes up to $7 a loaf. It will take you $35 to purchase all 5 loaves, not $25. However, that round of silver has gone up in value because of inflation and you can still purchase 5 loaves of bread for that same 1 ounce of silver. Silver and gold hold their value, the dollar does not.

[@geoffreywren2053]

Yes i do something similar. In 1965 a silver quarter bought a gallon of gas. That silver quarter now has $5.50 worth of silver. And you can buy a gallon of gas with that.

[@StreetSouljaz1]

Do you buy physical gold and silver or buy online via an app like Vault where it's stored for you unto you get it shipped

[@billwayne3924]

1 ounce coin & 1 once silver chain the same in value?

[@jimfurr.3]

@@billwayne3924 Yes, However, 1 oz coins are marked .999 or .9999. A chain will have a stamp somewhere in the chain, so you need to look for it. Usually on the Claw/hook area.

[@jimfurr.3]

@@billwayne3924 Yes, However, coins are stamped .999 or .9999 silver. A chain should also be marked. Usually in the chain clasp/Claw. Sterling silver is stamped 92.5 or 925

[@SAVERREPUBLIC1776]

Awesome video, Michael, especially running into Matthew

[@csg45001]

“Why didn’t you?” … perfect question! 👏 …. Him telling you to borrow at 27% is crazy!!!

[@stephan07462]

A couple issues I have with this. Gold has trading costs, the thought experiments completely leaves the compounding effect of dividends, capital gains tax at long term are a fraction of selling gold, storing gold in your home has higher risk of loss or theft than investing in an insured brokerage, you need dollars to buy a home and finally if we ever get to a national economic collapse, the only precious metals we'll care for are brass and lead

[@Juliet875]

He better hope that muti-mllion dollar house that he calls a smooth investment doesn't get hit by a hurricane or any other disaster with no insurance. Thanks Michael and Happy Wednesday!

[@psychokitty7268]

It is concrete block, and I'm sure it has hurricane impact windows. It'll be fine.

[@rafalrocks]

He’ll just pay for damages with cash instead of dishing out tens of thousands in scamsurane

[@clownworld33]

You can get 236k by investing 4.5 million in treasures at 5.25%. while you wait for market correction.

[@Ricocase]

$ just losing value. 1m like 600k now and falling the way 40k/yr used to be a lot of money.

[@cindyg183]

House built in 2022 foreclosed in March/April of this year, now it's been purchased by an investor who is renting it for $3500/mo and just yesterday they lowered the amount for $3095/mo whole month of may and still available for rent....it sucks, property taxes are putting my expenses on the edge

[@nilaja-itsmylife]

The fact that this is the first time in a decade that Bay Area Sellers have been cutting prices to sell should be a clear sign

[@robertcartino9677]

I HAVE TO PAY MY TAXES IN DOLLARS, AND SELLING GOLD INCURS A 25%TAX...

[@Mark-pb8kj]

Not in certain states. Kick rocks. Think about how unconstitutional it would be to tax people in 1970 for converting their money back to gold before Nixon stopped it again. (#2 to FDR) That's the mind control the American People are under. We will wake up soon. HR 8279 would stop federal taxing of gold and silver and it has been introduced by Rep Mooney.

[@cameronalexander359]

Same here, but I figure inflation os nearly 20% per year..so its better than keeping your wealth in $

[@imustbedum]

Move then

[@Khaos-y7n]

That's crazy. Why would you "sell" gold. It's like saying you're selling money. What socialist state is taxing you on gold? Sell it to people for cash.

[@chelleha-mo8bd]

I sold to buy BTC

[@josephfbuck]

To those that don't know when it comes to gold 100 oz of gold is about the exact same size and volume of a Pepsi can so what he just mentioned was it didn't quite take two Pepsi cans worth of gold to buy that house in gold

[@absolutelynonameslef]

@josephfbuck huh? Spot price of gold is $2337. 2337 x 200 = $467,400. That house was over $4M.

[@SirCarlosMusicBMI]

🎉🎉🎉. I’m pretty sure that my comments don’t get noticed by you lately and I’m sure it’s because you’ve grown so fast and you just don’t have the time to get to most comments anymore. But I just wanted to thank you for what you do. Keep on filming and I’ll keep on watching. Blessings,Carlos ✝️🙏❤️😊🇺🇸 And btw, What an amazing interview with Matt. I’m so glad that he came over to you to share his story. It’s awesome to hear from other people who live in different circumstances than most of us.

[@Lisithedogwalker]

Carlos, you are the best ❤ I want to thank you so much for always being so kind and understanding that Mike can’t really keep up with all the comments. Indeed he is busier than ever and still does everything on his own. Planning his videos, editing, trying to come up with a good title, thumbnail, and still have time to go to the gym and cook our dinner. ( He cooks and I clean)😂😂😂 We both really appreciate the support and trust me, he wishes he could get to everyone’s comments and emails.🙏🥹

[@richardgummer4514]

Matt's real life housing activity and viewpoint made this a great video.

[@segredosdotiosam9989]

4:18. Can you read? its says no STATE shall enter.... That is a clause that applies to states, not to federal goverment.

[@kingscairn]

Under this current economically INFLATED AND DANGEROUS time, using CASH is smart because of the HOT POTATO > DOLLAR < and avoiding the LOAN REQUIRED INSURANCE costs - you can control utility costs with discipline - you can't control CORRUPTION INDUCED TAXES unless you start an anti-PROPERTY TAX revolt / movement - which is advisable under any circumstances - property taxes should be and probably are UNCONSTITUTIONAL.

[@oneblackrose]

$4.5 Million?!? That's insane for that house. 😒

[@joycekleinert5908]

That man didn’t get rich by being stupid!!

[@mr.elastomeric1787]

He's never lived through a Hurricane Wilma or Andrew.

[@jimeyhat]

@@joycekleinert5908 he could be up to his eyeballs in debt, most people who live in South Florida mansions are

[@MrMleewilson]

So what happens when the next hurricane comes thru?

[@gordonmack7766]

That house is solid concrete and impact glass, not going anywhere

[@joycekleinert5908]

Great show as usual!!

[@johncappuccio4198]

One of your best videos yet! Looking at things differently. Meeting your neighbor Matt. Its great to hear from someone that can buy a 4.5 million dollar house with cash. Keep up the great work...