Real Estate Investors TAPPING OUT (We've Had ENOUGH!)

[@MichaelBordenaro]

Say GOODBYE! Real Estate Agents QUITTING In Droves kzbin.info/www/bejne/b56of6qCepmJbcU

[@clickbaitvideos]

Lol Don't think so

[@diy5729]

How about dont allow anyone from the UK, China or any other foreign entity to own homes here?? W T F?

[@clickbaitvideos]

@@diy5729 As long as you have the $funds$It doesn't really matter who buys it. $Money$ is $money$🤑

[@DONALD1951]

Check out cbs Miami KZbin video on a huge assessment for a Miami high rise.

[@clickbaitvideos]

@@DONALD1951 Mr DONALD Miami is not the best place to live It's kind of sketchy. High crime. Naples Florida is very nice.

[@JordanDurzi]

I’m watching your videos all the way from the Netherlands and I must say you have a talent for storytelling and keeping people interested. You have a logical mind and you express yourself in such an authentic way. Glad you did this!

[@MichaelBordenaro]

Wow, thank you so much! I will always try to get better at as well to make it even more enjoyable for your viewing pleasure 👌

[@boyerbyr]

Yeah your cadence is good

[@j4513]

For sure, same thing I commented.

[@WickedMouse]

@@j4513 looked more like they stole your comment to me😂

[@nickg9321]

@@MichaelBordenaro Yes, great commentary without all of the fear mongering. Just facts and your opinion on them. Keep up the great work 👍

[@deemarie5538]

Michael, I have never had any education in real estate or economics. You explain everything so well, have an abundance of good sense and are a born educator. This channel is helping thousands of people to avoid making big mistakes with their hard earned money. I absolutely love this channel; you were meant to do this!

[@lindylou3519]

Words right out of my mouth! So true! I so appreciate Michael!

[@RafeCruise]

Never waive an inspection on a property you’re trying to purchase….even new construction. About ten years ago, I put an offer on a brand new home by a very well known national home builder. The inspection uncovered structural problems that were not obvious. We backed out of the deal and got our earnest money back. Last month we put an offer on a resale in the Atlanta metro area. The inspection uncovered an old water leak on the roof that had damaged part of the roof structure. The owners had replaced the roof but did NOT repair the structure. We backed out of the deal as per the contract.

[@HialeahRefugee]

You brought back memories from many years ago. Century 21 was offering free real estate course for ex-Eastern Airline employees. Obtained license and excited, broker said I have a client who wants to see a property on Hollywood Beach. I left Miami Springs 2hr before showed up, client takes 5 min and said no, not want he was looking for. Spent 1 hr in traffic coming home. I got out of the car and said nope this isn't for me. Now 33 years later I still have my license but only for my own investments.

[@FloridaGirl-]

I can imagine!

[@kenpachimuay5627]

Not a agent but I do feel bad for agent that got to travel and during this time when gas is so expensive.

[@commonsense6967]

I did something similar. Back in the '80s I took the R.E. Salesman exam while living in Pensacola, and was licensed for a few years,though I never tried to sell real estate, just my own investments and personal residences. I've sold quite a few FSBOs, and I'd never consider allowing a rental agency to rent my (one) rental house out, as their commision is 10% of the rental amount, and they don't care who they rent it to, as long as it's breathing. But someday I may have to, I'm in my '70's now, and showing property myself is not as safe as it was decades ago.

[@j4513]

Just wanted to say you also have a talent for making your stories especially interesting. One of the only channels where my interest is maintained from start to finish.

[@MichaelBordenaro]

Thank you very much makes me very happy to hear that!

[@jdrollins6485]

Your KZbin channel is addicting. I enjoy listening to your stories and experience. I am in Texas, retired with a paid off home on almost an acre and still enjoy the views and comments. Your observations and advice is relevant, regardless of where you may live. Thanks!

[@FloridaGirl-]

Agree

[@rons5319]

How are the fire ants and copperheads.

[@elizabethbordeaux2741]

You are really good at what you do now, Michael. I am very happy that I found you. Learning so much. Thank you. We buyers need someone who tells us things we would never otherwise know.

[@brn2863]

I knew this would happen, and people were like "oh they'll never let go of properties. they'll just hold onto them." as if that is an option for everyone. It isn't even an option for institutional investors in some cases. Holding onto property that is doing nothing is very expensive.

[@philobetto5106]

and should it be? NO! Property tax should be a fixed price across the country

[@pennyscott316]

Michael, you are doing a great job! You are so very clear in your insights and, as the other person said, you have a gift for storytelling and for being engaging. I’m pretty financially literate, but my husband of two years is just learning, even though he’s in his sixties. You are even reaching him! Thank you so much. Keep the videos coming!

[@andreaberryman5354]

You are sharp, articulate, and enjoy our responses so we can keep you informed about our national stats as well. We can all feel a creepy demise growing economically. The nutcase real estate junk going on is really unsettling to watch. Not knowing what schemes are actually going on means that you are THE only honest reporter for everyone. You are perfect for the job-you have found your niche and you're a gem. Very entertaining personality, and a great watch.

[@andybrill8806]

Back in 2019/2020 your channel was a lot about Miami life, and the contrast to Midwest life. This was incredibly specific to my families big decision, as we were from Wisconsin and considering moving to Miami. We wound up moving to Bay Harbor Islands in mid 2020. With a big part of that being attributed to your videos and Fresco channel’s videos. Then as my family loved Miami and know we want to buy a place soon, your channel had shifted in its content to coincidentally also now the specific info we needed for our next big life decision. It’s like you’re a guide for our next steps in life without even trying! Thank you for everything you do.

[@cincyoldude5766]

Your videos are so popular because you are speaking the TRUTH. No bullshit , like buy now everything is peachy. It’s not . Everything is pure shit right now . That’s why I love your chats .

[@FloridaGirl-]

Me too!

[@annakortukov2845]

Dear Michael, you are amazing at what you are doing! I am so impressed with your ability to keep in your head so much info and tell it in an eloquent way while walking the neighborhoods. Your channel is the economic education I never had. Thanks 🙏

[@Jeannified]

Great story about this house that pushed you to start your KZbin channel. You definitely made the right decision!!! We are happy you chose this path in life, Michael! I look forward to your videos everyday! 😊🙏🏻

[@FREEDOM195844]

Here homes that are selling are less then 350k for the most part. How people can afford $20k a year in interest plus high insurance and taxes is beyond me! 10 years ago those homes were $150 k!

[@MM-ig2zq]

Good for you Michael. I have quite a few horror stories dealing with realtors. Even do I have excellent credit and funds to buy. The irresponsibility and bad faith of many realtors leave a lot to be desired. That’s why I have this take it or leave and don’t call me attitude towards them as of now.

[@i_heart_dollhouses7327]

I don't blame you. There are so many bad realtors out there. I love real estate and took classes 5 years ago. I was tired of dealing with crappy realtors. Tho I haven't gotten my license yet I have learned a ton. I plan on getting my license eventually, for now I have a good friend I met in class I can trust if I want to buy a house but she tells me horror stories all the time.

[@drmahidhar1876]

Love the stories and the gratitude that you exude daily

[@jojojojojojojo7013]

I can’t miss my daily talks/walks with Michael. It’s motivational. Good work.

[@eattradetravel]

YT is the best tool Real Estate agents can use, get to know your agent better than a postcard....mailings are a waste of money considering return on investment!

[@computron5824]

Thanks for sharing your personal stories, and for being transparent. I understand it's Miami, but $10k a month for a house that was built in 1954 is delusional in my book. Yes, it's a nice area, but it's more like a $200k house on a million dollar plot of land.

[@WickedMouse]

that's exactly what it is. value in the dirt because people will pay it for that sunshine and beach time.

[@markpitchford7375]

People can't pay money they don't have. They're simply dreaming about getting those rent rates.

[@overthehilldill3626]

I'm glad you started this channel. Your professionalism is what i like the most. Your topics are starting to get more diverse also. Keep up the great work. Thx. I'm going to guess that you hit 100k by 03/19/23.

[@alexgomez5107]

It's incomprehensible to me that some people forgo a home inspection before buying, that breaks probably the most important rules of buying a home with some intelligence, and why would the realtor representing the buyer not educate that a buyer better so to avoid a huge expense later. I love your videos Michael, very informative and educational. Keep them coming!

[@rdean150]

I think the answer to your question is pretty obvious. The realtor stands to profit on the successful sale of the property. They are looking out for their own interest, not the interest of the buyer.

[@judyfabion8849]

True, a good agent should never let the Buyer waive a property inspection. Opening yourself up for a potential future nightmare.

[@anthonyvalenti9093]

Thanks for your honesty. I appreciate it when someone calls it like they see it!!!!! From Jacksonville,Florida

[@bobsykes]

That's a great story, thanks for sharing it. Buyimg and selling homes has got to be the most stressful thing in the world, given that you're dealing with people who have no idea how things work in the real world. I can see why new homes bulilt buy a developer are so much easier to buy, but they're usually not located in small, walkable neighborhoods where I would probably want to live. I definitely appriciate your channel.

[@esteban1487]

That house looks like it should be $250k! What is going on down there???

[@MichaelBordenaro]

Mental illness

[@Pantera972]

Greed

[@rons5319]

I wouldn't pay $1200 per month for that place - that's correct two zeros, 1200.

[@Floridawoodsbanshee]

A bubble

[@diedonner299]

South Florida is a tropical hellhole anyone who falls for the marketing gimmick of this being a paradise either needs their head examined or regrets their decision to move here

[@investingwithshakib]

Michael, I really appreciate your hustle for putting out these conversational videos like hotcakes. Thank you for doing this. I am in the market for a house right now and your videos are keeping me cautious and alert!

[@mntrader2]

9,000 a month. Miami people are freaking crazy. I live in miami and wouldn’t pay 3 grand for that dump.

[@SunShineinMiami2]

I’ve been following you a long time when you didn’t have that many subscribers. I’m glad you enjoy what you are doing. It shows in your videos. ❤💯😃

[@jackjune156]

You’re right I am grateful for your decision to do KZbin and back off of the selling of homes. You may have been the same selling homes, but it seems like you were made for KZbin’s the way you present and the structure of your presentation. It’s fantastic thank you for all the valuable information.

[@helpyourfellowhuman]

Awesome that you are doing well doing what you love. When you really like what you do it's not actually work. 👍🏻

[@nancyling8976]

We all enjoy your walks with talk.

[@MichaelBordenaro]

Thanks, Nancy!

[@charmainmorrison8615]

They said find your gift and you will be good, congratulations in following your dreams and never gave up. You got this 💪🏻

[@erik_1402]

You are so right in every single aspect. I‘m a german realtor dealing with the same drama.

[@brendaclark7267]

Watching from Folsom, CA. Thankful for your info. Will be calling soon. 😊. God Bless

[@GM-ke7kf]

Really enjoy the videos. Informative and entertaining! The stories are really helpful.

[@chargermopar]

Never realized you could make enough to live from KZbin. As one of the few who watch this who actually lives in Miami your analysis is spot on. The house next door just sold for over asking price so for some strange reason I am still in the Twilight zone. I have been here long enough to remember when the homes you are around sold for less than 50K.

[@WickedMouse]

agreed - some make a lot more than "a living." Some with a lot of views are raking in millions a year. Logan Paul is worth around $50 mil now and had nothing before youtube.

[@inthesunbythebeach]

Thanks for being so transparent about why you quit being a real estate agent.

[@lilirobin7136]

You have a great channel! I want to sell my house and rent for awhile. I have a number of things to fix on my house and I'm working on it. When you live in a house and something needs fixing you think "I can live with that". Word of advice, always keep your house ready to sell, fix everything right away. Then you can sell immediately if you need to.

[@AustinPowers6969]

Do you think renting will start to become more affordable by the end of this year in both housing and apartments? Great content by the way...

[@LMays-cu2hp]

Thank you for sharing your information in the market.

[@jamesbaptiste-07]

Greed is outta control in florida

[@mattanderson6672]

Thanks Mich!

[@michelemorrison194]

My favorite way to spend Sunday morning. Listening and watching Michael bordenaro videos. I tell everyone I know about you

[@johnallegue5146]

Thank you very much for all that you do! You’re the best!!!

[@zpatrickz81]

These real estate people need to step away from Hunter's crack pipe and face reality, who's gonna pay these insane prices?!

[@emzywillrich7243]

Michael, what you give us is insight. People don't realize how housing impacts society, whether it is racially restrictive covenants or HOA's. Look what happens when people flee cities for the suburbs and how the impact that the absence of a tax base destroys cities. If housing is allowed to collapse, society itself will collapse along with it. People really need to understand that. Watching you is like strolling down the street with a really smart friend who is nice enough to share some wisdom. Keep up the good work, Superstar!

[@xyz987123abc]

That is a bit of a push - if housing collapses society itself will collapse. Don't think so.

[@rdean150]

Check out San Francisco. Silicon Valley, just a few short years ago regarded as a bastion of economic success. But they didn't keep their housing market under control and the city has been devastated. People are moving away in droves. Last I saw, they had a ~50,000 net outflow of residents last year, and that's even with the significant uptick in international immigration coming into the area for tech jobs. The outflows were even higher the year before.

[@Sarcastic_Asmodeus]

Honestly, I am not even interested in real estate or the whole housing thing. I just like your stories and honesty. Keep it up, big dawg! 💪

[@mikeru9920]

Thank you for saving me hours upon hours of market research. Your page is my one stop shop for everything real estate.

[@lebenergy247]

Thanks for sharing! Great choice

[@georgemcelroy1472]

First Class Info. Presentation. Carry on.

[@spscorse]

You’re doing a great job Michael this is definitely your calling lol your passing along everything you’ve learned along the way. I like when you open up with home along your walk it’s good to point out things. Keep up the good work

[@edge918]

Michael, everything happens for a reason🤗 Don't think I'm weird please, but I learn from your videos and I'm not even buying or selling any property. Knowledge is power my mom always told me. So preach brother. We're listening 🙂

[@director2bob]

I 100% agree with you. . I am not looking to buy or rent but gain so much knowledge from his videos. He is easy to listen to , charismatic and very intelligent. And one correction. Knowledge is not power. Knowledge is potential power. An example are cigarette smokers. They all know cigarettes cause cancer but unless they quit, that knowledge is useless.

[@allencoffland1685]

thanks for sharing some of your backstory..........glad you finally found your niche! you're doing great.

[@giselaesquivel4886]

"but here they play all sorts of games to prop up the market" they doing that here in KY big-time. It's the reason I've started watching your videos often. So that I can figure out wtf is going on. I'm 28 and honestly, this whole market feels like a sham... buying a house feels like a sham and these prices don't reflect the amount of effort Americans are expending to own them. And you sir explain really well why that is.

[@AnnaLMarin]

You do a great job with your KZbin videos. They are very informative. I think you should consider publishing your material. I think it’s good enough for a major weekly publication. Good luck.

[@yvonneballinger2304]

I think your videos are enjoyable and give realistic advice. Your experience in real estate is now paying off even though it may have been disappointing. Having tried real estate myself I know it is a bad deal for most agents.

[@cindyireland3394]

Thank you for your honesty. I certainly appreciate hearing about your personal experiences.

[@im2yz4u17]

Who in the hell pays $10K a month rent; even on a 4 bedroom house....

[@AJ-ox8xy]

People that make 4 to 10 times that money per month.

[@alexstokowsky6360]

@@AJ-ox8xy So they make $500,000 to 1,000,000 a year. You would think they would understand the concept of home equity if they were making that much money or throw away ther rent money in a less expensive area.

[@MurakamiTenshi]

People with money to burn, such as foreigners paying cash

[@jenw9463]

It's not even that nice of a house and the neighborhood looks a bit dumpy.

[@TomokoAbe_]

Old houses are very difficult to sell because of homeowner's insurance. Flat roofs are totally unacceptable. They do not want to insure old houses, so it defaults to Citizens with premiums going off the charts. I'm glad you got into video creation. You are great!

[@pablo81778]

Agents have to now only deal and list homes from sellers who are serious. They have to ask them why the are selling. Looky loo sellers will waste your time and give you nothing but headaches. Michael's story is a perfect example of this. Happened to me in the previous decade and it made me detest listing homes when things did slow down by 06. Sometimes you have to walk away from these sellers.

[@MichaelBordenaro]

Absolutely! So many people "going fishing" right now just dropping the line and seeing if any bites come in, meanwhile a huge waste of time for the agent

[@clickbaitvideos]

@@MichaelBordenaro real estate agents are still doing very well all depends where you live 😏

[@matthewsmith2362]

There an old sayin in the hood for this ALL MONEY AINT GOOD MONEY It’s a thing we would always say while playing dominos A way to talk shizz on a fool after he would drop a game piece in an certain way

[@Pondapple]

I knew a real estate investor once, who rented his properties with NO LEASE. He took good care of his tenants and did the repairs promptly and by himself. As a result he could legally move out the ones who were not paying. Just as important, his good tenants stayed for years.

[@goombabear]

I have seen this happen in the Lake Norman area of Charlotte. Those houses stayed vacant for years. I've seen rental properties that have stayed vacant for over a year. If the homeowners would have been reasonable, they wouldn't lost so much money.

[@mikemakuch2824]

Great video again. You have a talent telling the real estate story. I have not viewed one video that I didn't like. Keep up the good work. BTW I'm viewing from up in Jersey.

[@jimwolfe4286]

Great Real Time R/E Intel !....It's really something , how one event can change your life's direction....Terrific Video, Michael....Take care..

[@goldlotus7831]

Your videos are great. A lot of education indeed.

[@charlottepipe4129]

I am in Arizona and I love seeing your backgrounds of vegetation, water, green, lush, who knew? You are quite compelling as well. Very interesting.

[@leonoremoore1159]

I live in Burbank CA and knoe Florida pretty well (my stumping ground are the Keys) and am a RE Broker since ghe 70s . Your analysis is spot on ! I enjoy your presentation very much - thank you

[@MichaelBordenaro]

I really appreciate a long time veteran like yourself, backing me up👌

[@brendakabat5233]

Michael, your loss as a real estate agent is our gain! 😊

[@MichaelBordenaro]

Absolutely I'm glad you see it That way Brenda!

[@WickedMouse]

our gain absolutely, straight up.

[@Floridawoodsbanshee]

I'm seeing many ytube sites talking about Florida condos and the fees. Alot of buyers remorse going on right now.

[@roncomeau5388]

Probably didn't mention Michael, but back in the early 50s I was a real estate broker in Massachusetts, and it's true, maintaining a fiduciary relationship can be your road to success! Never be to proud to roll up your sleeves and help your clients,it will make a huge difference in the end!RC!

[@troymann5115]

Great episode! I am seeing many similar things in the Dallas market.

[@delboy0211]

Thank you for all of the anecdotes and data you provide. It has helped me be more discerning of the times and patiently prepare.

[@psymi-hk1fp]

Your videos are fantastic. I just came across you a couple months ago. You presentation and content are equally outstanding.... my little anecdote: bought a house in summer 2020 on the biggest island in Puget Sound so I could escape Seattle. Ended up not moving there and rented the home instead. It was cash flowing on an operating basis but with inevitable repair expenses would more than eat into that. Plus w/ the government and local socialists advocating more restrictions on property ownership I decided to sell, and have moved most of the money into the stock market. Even a Discover or AmEx 3.5% savings account is now offering high enough yield that it's superior to the cash/cash return i was getting on the house, and with no risk of loss in equity from housing decline/crash.

[@waynewallace2061]

Resort town of Sedona Az. is short of employee housing so is buying up any reasonably priced housing in surrounding towns, which is hitting the merchants in the surrounding towns whose employees can't find local housing.

[@jimmyhat3438]

3 half renovated houses in my area I'm watching came on the market in my sweet spot price wise I'm seeing a trend with half finished renovations that looks like long Abandoned projects

[@paristonette1700]

I can watch your channel everyday! Clear and to the point!! Watching from Pittsburgh, not an agent yet but planning on taking my test again.. I want the experience, I have a great job already but will like to learn the ropes in a slower market and need my license to help with a job promotion at my current job

[@Corkfish1]

When interest rates were zero the opportunity cost of cash was minor. Now, every dollar you devote to housing is sacrificing 4.5% risk free.

[@ChinaChao]

Michael, I feel like we all have that fork in the road that could have easily changed our life trajectory (kind of like Everything Everywhere All At Once) by any pivotal variations we could be in very different places in life now. I'm glad it worked out for you and your happiness. Some hardships result in much greater outcomes in the long run.

[@savitaram2383]

Thankyou a lot Michael for your great acknowledgment for us, We looking for house to buy, but now it’s too difficult to buy a small house we can’t afford to buy a house!

[@MichaelBordenaro]

You’re welcome! Just keep your eyes open. You never know when a good deal might come along.

[@savitaram2383]

@@MichaelBordenaro thanks alot for your information

[@andrewbartholomew5876]

Mike awesome story - thank you for sharing

[@MichaelBordenaro]

Thanks Andrew glad you enjoyed it!!

[@raylanadamsdiscoverychanne2816]

I appreciate YOU.

[@incredibleshrinkingfungus1731]

So glad you walked that neighborhood. From the drones and the high decks of cruise ships, the properties look lovely. At ground level, it's million dollar excrement. The dwellings are decaying and the two square feet of lawn and plants are not maintained at all.

[@tomjones2348]

You are the only show of which my wife inquires, "Hey, what's Michael talking about today"? Believe me, that says a lot. We actually enjoy not only the stats, and news, but your personal experiences and perspectives regarding this information. A show (not related to real estate, but to music) which I never miss is Rick Beato's channel. He doesn't do "roving", preferring to stay in his studio. I mention him because he often ads personal experiences into his shows. If you haven't seen his channel, I think you'll enjoy it.

[@i_heart_dollhouses7327]

Hey Michael, any chance you can give a report on the South Florida market, particularly Broward County? I would appreciate that!! I love watching your videos! Thank you!

[@carefulconsumer8682]

Your youtubes are great! Glad you did it. RE: those big RE investors, I wonder how Blackrock feels because they have over $50 Billion invested in RE from what I read. They must be taking a beating unless they hedged that somehow.

[@MichaelBordenaro]

Thanks a lot! They are looking to get out of a lot of those investments as well

[@pattersonellen]

@@MichaelBordenaro link?

[@yojon1212]

Thanks for your responses to my comments! Great job on the videos and information! Thank you for your efforts. I really enjoy your channel.

[@philmarsh7723]

Nice advice! But I would say the YOU the buyer have to be present during the inspections and conduct your own inspection too.

[@MVEGAS123]

Hello brother thank you for everything I learned a lot about the real estate business.

[@BarAlexC]

Damn...that story is so relatable. I started architecture hoping to work on incredible projects (and get paid accordingly), only to realize how boring and mundane it actually is and having to fight uphill battles trying to convince clients that what they want (not always, but plenty) is unachievable. I definitely can relate to how that felt and the sour aftertaste

[@MichaelBordenaro]

Yep it's a pretty awful feeling when you try to do right by people and just ending getting screwed in the end

[@firefeethok_tui2355]

12k…9k a month for a run down house? OMG…move on. Rent an apt or find a new city. Thats insane and anyone who pays that in RENT, has lost their mind!

[@Ivan-eu8nx]

I've been trying to get my scum bag tenants out of my property in LA for the last 3 years. Thanks to the eviction moratorium in LA county. Don't rent your home in LA county it's a disaster

[@MichaelBordenaro]

Man that is so awful. It is truly a crime against homeowners they are doing over there in CA

[@captainamerica2154]

Thank you for sharing Mark’s story. That is an eye opener when deciding to look at and/or purchase a home. I’m very leery of buying in Florida and this is just another thing to watch out for. (Funny you were telling this story while walking by a “NO OUTLET” sign). 😂. Crazy times! Thank you for your informative videos. Very helpful.

[@the_derpler]

You do good work for sure. Have you considered doing live streams? I think it'd be a fun format for you and that you'd do a good job.

[@MichaelBordenaro]

Thank you very much! I actually really like doing life streams. Only issue is it takes a little bit of foresight and planning so I can make sure people know about it ahead of time. Usually I like to do it just impromptu.

[@vote4pedro7]

I enjoy your videos Michael! Keep up the great work! I wish someone would do this in the Destin area...

[@TheTradosaurus]

I can’t fathom affording $9k/mo rent

[@mikeparniani]

Great video, thanks for sharing your story with your viewers. I have experienced similar situations through my 25 years as a real estate broker.

[@pwu8194]

There is no barrier to entry in real estate agent business. Even though the commission is good, the competition is brutal. I had a property for sale for over 10 years, went through may real estate agents, but ended up selling it myself and paid no commission.

[@lindylou3519]

You are like part of our family now Michael. I told my daughter about you & now she’s a follower, too. (She just lost her husband to cancer in October & hopes to sell her house in 2 yrs after their son finishes up school. She listens to you now on a daily basis now & may need your advice in the future.😊)

[@Dolphinsfan1981]

Very good information love your videos