Michael Bordenaro
Michael Bordenaro
  • 984
  • 59 997 098
People CANNOT AFFORD THESE EXTRA Homeowner's Costs!
So many people get told by others that buying a home is the smarter financial decision because your payment will never go up. Will that is only true when it applies to your fixed mortgage payment. All the other expenses surrounding your property are subject to increase and it's a guarantee that they will. And those expenses have been going up so much lately it's prompting many people to sell their homes because they simply cannot afford the upkeep.
Need a Realtor? homeandmoney.com/michael/
======
My Filming and Editing Equipment
michaelbordenaro.com/my-youtube-gear/
======
I offer 1 on 1 calls, book one if you'd like!
michaelbordenaro.com/book-service/
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
bit.ly/MBreminders
======
Get Cash Back on ALL your Internet Purchases!
www.rakuten.com/r/NIRVPL2?eeid=28187
======
My Microphone (Lot of People Have Asked)
amzn.to/3Mhs2oz
Articles Mentioned in the Video
#realestate #housingmarket #homeprices #housingmarketcrash
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s UA-cam channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, UA-cam, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.
Переглядів: 55 463

Відео

The Job Market is in CRISIS MODE! NO ON IS GETTING HIRED!
Переглядів 120 тис.2 години тому
Even though on the surface, these red hot jobs reports and relatively low unemployment look good to the fed and our government there's a lot happening beneath the surface that they could care less to look into. As long as these headline figures come out looking OK they'll just keep on saying the economy is great. Need a Realtor? homeandmoney.com/michael/ My Filming and Editing Equipment michael...
It's ONLY WORKING FOR THE 1%...WHO CARES ABOUT THE REST!
Переглядів 111 тис.4 години тому
A lot of people will look at the numbers I will display in this video and say we have hit the soft landing and there will not be a recession and that the economy is on fire. But is that really the case? When you dig just a layer or two deeper, the data starts telling a different story. Need a Realtor? homeandmoney.com/michael/ My Filming and Editing Equipment michaelbordenaro.com/my-youtube-gea...
Say GOODBYE! HOA Karen Just Got CANCELLED!
Переглядів 157 тис.7 годин тому
HOA Karen's are FINALLY BEING CANCELLED! Florida has new HOA laws that go into effect starting July 1st to start limiting the abuse of power these HOA overlords have had for way too long. It's a long overdue change in favor of property owners and is hopefully the first step in making HOA communities more fair and equitable for everyone. Need a Realtor? homeandmoney.com/michael/ My Filming and E...
SURPRISE HOUSE PROBLEMS WE DIDN’T KNOW! (Buyers Remorse)
Переглядів 134 тис.12 годин тому
According to the latest survey from clever real estate 82% of recent homebuyers, have buyers remorse due to one aspect or another of their recent home purchase. That is way too much in my opinion and it's proof that people are not thinking before buying houses. They're just jumping in with FOMO and worrying about it later, this is going to have big impact on the future housing market as these r...
PROOF! The Car REPO CRISIS IS GETTING WORSE!
Переглядів 161 тис.14 годин тому
Car repossessions and delinquencies have been exploding over the past several months and it will likely only get worse as we head into this economic downturn. Today I'm bringing out an expert on this topic Brandon from Car Questions Answered. Feel free to go and check out his channel here:www.youtube.com/@carquestionsanswered Need a Realtor? homeandmoney.com/michael/ almost My Filming and Editi...
People Have STOPPED PAYING THEIR STORAGE BILLS!
Переглядів 161 тис.16 годин тому
More people have stopped paying their bills on their storage units or are falling behind. Simultaneously people are falling behind and all sorts of other bills like credit cards, car loans, even mortgage delinquencies are starting to tick up as well. If people were doing great financially this would not be happening. Need a Realtor? homeandmoney.com/michael/ My Filming and Editing Equipment mic...
FAKE WEALTH EFFECT TRICKING PEOPLE INTO SPENDING MORE
Переглядів 122 тис.19 годин тому
The wealth effect is a financial principle that says when peoples home equity and stock market portfolios are doing well they tend to spend more money in the economy than they otherwise would. However, this wealth effect is fake, especially since the current wealth that people have accumulated has been based on a bubble economy, and none of that wealth is actually realized until it is taken off...
People Are In SERIOUS TROUBLE! YOLO Spending IS OVER
Переглядів 176 тис.21 годину тому
The days of everybody spending money they don't have is coming to an end. And don't just take my word for it. All you have to do is look at recent earnings reports from companies like target Starbucks, McDonald's and they're all going down. People are being forced to cut back on spending just to afford the essentials right now. Just another sign of a "strong" economy... Need a Realtor? homeandm...
People Have STOPPED BUYING FLORIDA CONDOS!
Переглядів 159 тис.День тому
The condo sales in Florida have now dropped almost to the levels that we saw right after the 2008 housing market crash while simultaneously. The inventory has also reached pre-pandemic levels. This is most likely a recipe for a housing crash in the condo market. Need a Realtor? homeandmoney.com/michael/ My Filming and Editing Equipment michaelbordenaro.com/my-youtube-gear/ I offer 1 on 1 calls,...
Fast Food BANKRUPTCY! BurgerFi GOING DOWN FOR THE COUNT..
Переглядів 133 тис.День тому
2024 so far has been the year of bankruptcies, layoffs, and businesses closing down forever. The latest going down is the fast food chain, BurgerFi. They have two months until they have to potentially file for bankruptcy, because business is not good. Even though this economy is supposedly great. Need a Realtor? homeandmoney.com/michael/ My Filming and Editing Equipment michaelbordenaro.com/my-...
0% Mortgages Next NAIL IN THE COFFIN For Housing Market
Переглядів 275 тис.День тому
0% down mortgages along with ninja loans and adjustable rate mortgages is what got us into the subprime mortgage crisis and ultimately led to the housing crash back in 2008. Apparently everybody has short term memory on that since lenders are now starting to offer the 0% down mortgage once again. Looks like history will be repeating itself. Need a Realtor? homeandmoney.com/michael/ My Filming a...
IT'S FINALLY HAPPENING! Corporations Are TAKING LOSSES!
Переглядів 148 тис.14 днів тому
After the pandemic, years of corporations, raking in the dough and having massive earnings, leading to an all time high stock market that is finally starting to cool down in. As of the first quarter of this year corporate profits actually declined 0.6% for the first time in over a year. Looks like the tides of the economy are finally starting to change. Need a Realtor? homeandmoney.com/michael/...
Real Estate Agents Are RUNNING OUT OF MONEY!
Переглядів 251 тис.14 днів тому
Ever since 2022, the number of active real estate agents has been consistently dropping, and since the National Association of Realtors knows this, they are now hiding the data so we are not fully aware of how many agents are in the business. But it's more important to look at why are they running out of money. It's because the housing market is so unaffordable that transaction volume is lowest...
NEW ECONOMIC WARNING From EX Home Depot CEO
Переглядів 130 тис.14 днів тому
When you have people that have ran major companies, like Home Depot for decades issuing warnings about the economy you know things are not going nearly as well as we're being told. And people in this position noise before most other people do so it would be wise to heed their warnings. Need a Realtor? homeandmoney.com/michael/ My Filming and Editing Equipment michaelbordenaro.com/my-youtube-gea...
PROOF! The Housing Market HAS ALREADY CRASHED...
Переглядів 151 тис.14 днів тому
PROOF! The Housing Market HAS ALREADY CRASHED...
Ford, GM, Stellantis CAN'T SELL CARS! Lots Are PILING UP!
Переглядів 192 тис.14 днів тому
Ford, GM, Stellantis CAN'T SELL CARS! Lots Are PILING UP!
SENIOR CITIZENS BEING FORCED OUT OF RETIREMENT!
Переглядів 160 тис.14 днів тому
SENIOR CITIZENS BEING FORCED OUT OF RETIREMENT!
PROOF! The FED is LYING TO US ALL!
Переглядів 150 тис.21 день тому
PROOF! The FED is LYING TO US ALL!
Retailers CAN'T SELL MERCHANDISE! MASSIVE PRICE REDUCTIONS
Переглядів 169 тис.21 день тому
Retailers CAN'T SELL MERCHANDISE! MASSIVE PRICE REDUCTIONS
Rent Rising FASTER THAN PAYCHECKS! People Are FALLING BEHIND
Переглядів 109 тис.21 день тому
Rent Rising FASTER THAN PAYCHECKS! People Are FALLING BEHIND
The Florida CONDO FIRE-SALE IS HERE! INVENTORY EXPLODES!
Переглядів 230 тис.21 день тому
The Florida CONDO FIRE-SALE IS HERE! INVENTORY EXPLODES!
McDonalds is DESPERATE To GET PEOPLE BACK
Переглядів 226 тис.21 день тому
McDonalds is DESPERATE To GET PEOPLE BACK
Credit Card and Auto Loan DELINQUENCIES SURGING!
Переглядів 146 тис.21 день тому
Credit Card and Auto Loan DELINQUENCIES SURGING!
This Economy is MAKING PEOPLE SICK! (LITERALLY)
Переглядів 178 тис.28 днів тому
This Economy is MAKING PEOPLE SICK! (LITERALLY)
Home Depot ISSUES STARK WARNING TO U.S. ECONOMY
Переглядів 718 тис.28 днів тому
Home Depot ISSUES STARK WARNING TO U.S. ECONOMY
People Can NO LONGER AFFORD THEIR PETS!
Переглядів 108 тис.28 днів тому
People Can NO LONGER AFFORD THEIR PETS!
MAJOR CONDO PROBLEMS! OWNERS IN FINANCIAL RUIN!
Переглядів 149 тис.Місяць тому
MAJOR CONDO PROBLEMS! OWNERS IN FINANCIAL RUIN!
The END OF FAST FOOD IS HERE! We'll Just EAT SOMEWHERE ELSE...
Переглядів 206 тис.Місяць тому
The END OF FAST FOOD IS HERE! We'll Just EAT SOMEWHERE ELSE...
Mobile Home Living NO LONGER AFFORDABLE!
Переглядів 234 тис.Місяць тому
Mobile Home Living NO LONGER AFFORDABLE!

КОМЕНТАРІ

  • @diz_guy47
    @diz_guy47 8 хвилин тому

    Yet, Our jobs that we are on are low on manpower.

  • @SpaceTrucker31
    @SpaceTrucker31 17 хвилин тому

    Prices may not even be allowed to tank. What happens when the price of homes fall? Less tax revenue, and we all know the gov aint gonna let that slide.

  • @alejandro-maravilla
    @alejandro-maravilla 17 хвилин тому

    I agree with everything you’ve mentioned except the idea that it’s the feds fault. How would that explain why inflation and cost of living is also high everywhere else in the world? I was laid off in January and it’s been tough trying to land something in my chosen career and just trying to get part time work… it feels a bit better to know I’m not the only one but still sucks!

  • @GarageWorx
    @GarageWorx 18 хвилин тому

    Many people living beyond their means. Keeping up with the Jones. 80k SUVs.... boats...camper...😮

  • @wadebarnett2542
    @wadebarnett2542 20 хвилин тому

    I haven't spent $18,000 PER YEAR to maintain my house. Nope. Not at all.

  • @HiddenAgendas
    @HiddenAgendas 25 хвилин тому

    My 4 unit property insurance increased by 100% for no reason at all.

  • @c.c.baxter3395
    @c.c.baxter3395 31 хвилина тому

    2030: You will own nothing and be happy.

  • @joshuaisrael2494
    @joshuaisrael2494 38 хвилин тому

    Great video. Labor costs are very high. I recommend younger people to go into the trades and skip college. My family had a new front porch (brick and cement) put in for 5,500. We’re dealing with old knob and tube wiring which will be close to 40k to replace. Many of previous homeowners across America did not do maintenance on their homes or tried to fix themselves and they did it wrong. Now having to hire contractors to do the job correctly. Big jobs on homes to include electrical, roof, foundation repairs, major plumbing issues WILL set you back tens of thousands of dollars with contractors. Good luck out there everyone.

  • @SpaceTrucker31
    @SpaceTrucker31 38 хвилин тому

    with todays tech, all the evs do is just move the pollution to other parts.

  • @ravikurup8350
    @ravikurup8350 39 хвилин тому

    There's a ton of phantom job postings to make believe the economy is good. Meanwhile Biden is trying to start a hot war with Russia.

  • @soulless7245
    @soulless7245 42 хвилини тому

    They tried to put my uncle in prison 😮…cutting 3 small nuisance trees in front yard. They called police and everything… I thought he was joking but apparently not because he showed me letter and huge fine… pretty sure all hoa money is not spent wisely they had to have atleast one million dollars per year.

  • @jusrarsh4109
    @jusrarsh4109 45 хвилин тому

    *Basically if you think all you gotta do is worry about the mortgage, in this market your already skrewed.

  • @davidhall3747
    @davidhall3747 48 хвилин тому

    I don’t look for jobs, the jobs look for me. Make yourselves more marketable people.

  • @waveblast2
    @waveblast2 49 хвилин тому

    It's about $ and control.They already took ur $ and spent it.6 tril. now they need u dependent

  • @amunderdog
    @amunderdog 54 хвилини тому

    The other thing home ownership does. It is throwing out an anchor. Employment is a fickle beast these days.

  • @stunnabreezy3
    @stunnabreezy3 57 хвилин тому

    One day it's a crash!..... next day prices too high! UA-camrs say whatever to get clicks

  • @kristinavb4398
    @kristinavb4398 Годину тому

    Thank you speaking the truth

  • @nonenone1534
    @nonenone1534 Годину тому

    If home prices increased at the same rate as inflation since 1963, the median price of a typical house in the U.S. would be $177,511. In reality, the cost of a typical house in the U.S. is nearly half a million dollars.

  • @well-blazeredman6187
    @well-blazeredman6187 Годину тому

    You can reduce property taxes if GST is increased, or local government spending cut. Make your choices. Nice 'hood.

  • @Jonnynava
    @Jonnynava Годину тому

    I own my home outright but boy those taxes in Texas sometimes I just want to cash out and flee this country

  • @sportsman4545
    @sportsman4545 Годину тому

    Expenses are killing everybody. Insurance, property taxes, food , gas, amenities like utilities, killing us.

  • @S.L.S-407
    @S.L.S-407 Годину тому

    This guy doesn't understand the economy at all.❗❗❗

  • @nichapawine6705
    @nichapawine6705 Годину тому

    many people talk about inflation but nobody understood what going on. eveyone just talk about inflation because other people talk. people need to learn and wake up

  • @nonenone1534
    @nonenone1534 Годину тому

    New construction home prices must come down, which means price of oil and materials must come down first. Vote Trump or get used to renting.

  • @charlesphilhower1452
    @charlesphilhower1452 Годину тому

    Some of the HOA rules are designed to bring in money by allowing the HOA to fine people and if they don’t pay, putting a lean on the property. It is a good thing that limits can be put on these abuses.😮

  • @Sonic6293
    @Sonic6293 Годину тому

    My rent is 950. For the fun of it, I looked for a 2 bed, 1 bath house that was around the same size as my current place. The house was 170K, and PITI would be around 1110 with a VA Loan, putting nothing down. Eh... I'd rather save the cash and headache. I have margin to pay more than that for a mortgage, but why extend it?

  • @ravikurup8350
    @ravikurup8350 Годину тому

    Biden sent billions of dollars to zelensky. People think the high inflation in the U.S isn't related to government spending are mentally challenged

  • @westcoastronnieOC714
    @westcoastronnieOC714 Годину тому

    Hey Michael when you get to California especially Southern California go down to Huntington Beach and take a walk on the boardwalk there and film a video. Long stretch of boardwalk LOL 🤣 also the boardwalk down in Newport Beach which driving wise down Pacific Coast highway will take you 5 to 10 minutes to get there. Or you can bike on the boardwalk from Huntington to Newport.

  • @humanyoda
    @humanyoda Годину тому

    You blame the Fed, but it is the government that borrowed trillions of dollars!

  • @andrewmcrorie3096
    @andrewmcrorie3096 Годину тому

    ahh yes the old "forced savings account" that charges 20k just to upkeep bahahaha

  • @autoimmunitycurse
    @autoimmunitycurse Годину тому

    Last HO Ins agent was directly pocketing 50% of premiums and 80% on any new policies. Found out by investigating duplicate endorsements she added at our first renewal. You should look up compensation packages for insurance agents. Quite juicy to average homeowner.

  • @Cyberdemon1985
    @Cyberdemon1985 Годину тому

    I paid off my home in 2016 after 15 years. Before that I had a bank lien on the house. The kitchen was outdated and bathrooms were outdated. In 2016 I waited when the bank lien came off the deed and I dished out $25,000 to remodel the bathrooms and the kitchen. I simply refused to remodel a bank’s house when the bank had a lien on it. Why? I got spooked in 2008 when I lost my job and I thought the bank would take the house. So why give the bank a new kitchen and bathrooms?

  • @alangrund5031
    @alangrund5031 Годину тому

    Champaign - Urbana. Ugh. You are surrounded by a square corn field 150 miles on a side. Hot and humid as hell in the summer.

  • @charlesyates6687
    @charlesyates6687 Годину тому

    Tampa is skyrocketing in value. I just saw a house in crimanal hights that sold for 440 last summer just sold for 780

  • @Glide-vd5we
    @Glide-vd5we Годину тому

    Yup you are the real deal thank you always Looking forward to your next video thank you.

  • @mattm597
    @mattm597 Годину тому

    (14:55) Whenever I hear a high-profile SHOW BUSINESS person (like Dave Ramsey or Kevin O'leary) say something to the effect "houses will never get cheaper!! So, borrow money and BUY NOW!!," I just have to wonder what business relationships (like sponsorships) do they have with the baking/mortgage/real estate industries that they are not telling us about. Is somebody wearing a suit in a boardroom telling them to say that? Call me a cynic, but that's what I automatically think.

  • @humanyoda
    @humanyoda Годину тому

    About that woman who couldn't get a job: what's her physical appearance and demeanor?

  • @soulless7245
    @soulless7245 Годину тому

    The ones higher up fear for their jobs especially from corporate gal 😮… she needs to hide all her past to go in under radar but she not going to like it because 18.00 hour job wants you doing 3 positions like mine, i still trying to figure out how they going to pay me for other 2?…they are literally nuts plus many phantom job openings, others hire then when raises come up for them they are quickly replaced always entirely new crews at least every 90 days… some days they want you to work around 4 hours 😢and other days 10-11 hours… if your lucky to get full time!!!

  • @ronaldellis3229
    @ronaldellis3229 Годину тому

    Never EVER buy a home in an area you know nothing about or have ever been to, period !!

  • @pshodean
    @pshodean Годину тому

    That 2029 house at 250k is 305k in todays $, so really they are looking to make 45k

  • @charlesyates6687
    @charlesyates6687 Годину тому

    2m$ is the i don't want to sell it price

  • @tommiller12345
    @tommiller12345 Годину тому

    People are living in their cars. No rent. But illegals stay in top hotels for free. Bidenflation.

  • @PonziZombieKiller
    @PonziZombieKiller Годину тому

    We is doomed. Po folks gunna go buck ash crazy here in a minute..

  • @martinjdesmond
    @martinjdesmond 2 години тому

    With contractor costs skyrocketing, I really encourage people to learn how to do their own plumbing, electric, painting, and other forms of maintenance. I have completely rebuilt my home over the past 8 years and substantially improved the value of my home. Just watch lots of UA-cam videos to learn how to do your own work maintenance.

  • @robertgaritano7718
    @robertgaritano7718 2 години тому

    You should do a video on retirees moving abroad and if it really is cheaper to live out of the US?

  • @Imnotyourdoormat
    @Imnotyourdoormat 2 години тому

    *The End of the World came today.....Film at 11.*

  • @earthrooster1717
    @earthrooster1717 2 години тому

    Who owns everything? If you know the answer to that question, then you know who is responsible for inflation. Its all a scam.

  • @timboc105
    @timboc105 2 години тому

    Michael has his 1995 Oakley shades on again 😎

  • @user-cn6re9jr1t
    @user-cn6re9jr1t 2 години тому

    Don't buy all the rubbish that needs lots of on going maintenance and insurance. You need to be frugal or you will pay your shite forever, but unfortunately vanity will be your enemy😢

  • @stevenap4594
    @stevenap4594 2 години тому

    My GF hated her position so she applied to a few other companies. She didn’t even get a call back from any of them. She’s been with the same company for over 10 years and really didn’t want to leave but a position she liked miraculously opened and they offered it to her. Still took about a year though.