just pay the man

Sadly, we already own nothing.

Come on Michael .you know the WEF doesn’t care what the people want. They are unelected

Hello from Australia! Same trends here and in UK, I'm middle aged and I've NEVER seen the property markets in different countries so closely matched ... mmm

Indiana is also a good one to go to. Our only real problem is that Chicago is right on our border and Gary spikes the crime rate so it looks worse than it is in the rest of the state. Average home price where I live is about 180k or so. Average income is about 45-50 k. Stay out of the Indianapolis area if you want cheap housing though.

I agree, my mother's taxes doubled this year

Mine has gone up 300.00 in the 2 years.

What are you bitching about. Your home has dramatically increased in value. You can now use it as an ATM.

@@PSCA1988 It’s not the house value that’s gone up, it’s the dollar that’s gone down - I suggest you learn basic economics!

💯

I'm in the same boat. I own outright but it still costs about $2000 a month to pay all the bills.

Insurance and property taxes are less in California. And if you live a couple hours out from the beach, the prices come down a bit.

​@@AR-rn8okI would be worried about taxes increasing now that ypur state is increasing benefits to people crossing border illegally amd not paying taxes

​@@bigneiltooYou need to downsize

@@sarahann530 Downsize? I have a 1 bedroom, 1 bath with property appraised at $70K.

while they own everything

Insane

don't discount the WEF, this was a long-term plan that they are implementing. The USA is ready to hand over sovereignty to the UN in the name of public health. The sad part is a lot of politicians agree with this cabal. Those who are discounting this are not paying attention.

Yeah they all about to get kicked out of their “given” positions in life.

Meanwhile people keep putting million/billionaires in places of power.

I live in the flight path of helicopters to the hospital. A white noise machine is a lifesaver. Problem is that after a decade I can’t sleep without it.

​@@superdave4564😅

Lucky you bought when homes were affordable.

Boy do I hear ya! Congrats. Apartment living sucks.

@@superdave4564 Under a ORD Runway.The windows would Shake in our 1950 house.The Jet Fuel was all over and after it Rained too. No Thanks Sister still lives there.😝😝😝😝

Yes, people forget about the higher AC bill, heating bill, maid bill and property taxes.

I'm old enough to have been raised with two brothers in a house under 700 ft! later a 1500 sq ft. house was considered big. Why anyone would want to buy a big two story cookie cutter with utility, taxes and maintenance?

@@bigneiltoo Maid bill ? Roll ya sleeves up !

My first mortgage was 12% . Get the mortgage and try to pay the principal down with a little extra when you can. Start small. I bought a townhouse to keep it manageable. Built the equity. That builds a larger down payment for the next home.

Even if you did pay it off, the taxes and insurance costs might force you to lose it.

Bidenflation

He has 100k+ subscribers giving him suggestions in the comments

He has a financial interest in it. That's his motivation.

His wallet is getting fatter. This is his second job.

​@@solarryan97621st job!

Fox News has the same information and I hear it on Fox

Yep, not many own them.

Graduated in 82. You know- maybe it’s better. I mean, buy an acre of land- stick a cheap mobile home on it, and spend more on experiences. I’ve got 10 acres, we sold our home. I’d live in a yurt. It doesn’t seem worth it. Why make banks rich?

I’m in same group. Glad I bought in more affordable times.

@@janetyeoman1544 well, I did too- twice. But now I retired and wasn’t staying in a 4 bedroom two story for the rest of my life.

For many, however, it may be by choice.

Wait two years!!!

That's a very common situation in Miami, realtors are super flakey!! I would have done exactly the same thing!!

I have a realtor doing that to me now. She didn't care to call me back when the market was booming. Now she randomly calls and texts. I ignore them.

@@andydhillon1977 Good for you, they work for you not the other way around. This seems to be very common in certain cities.

You just said the lesson is never burn your bridges but you just burnt the bridge with your response to him. 😵‍💫🤣

@@AR-rn8ok You missed the actual meaning of the comment, well it is what it is. Read it again!

In

I agree

Don't feel bad. Mort-gage translation is roughly "death" and "note". It was intended to be a death note.

That's ok! Your heirs can pay it off!

​@@treesnmogulsone can afford a mortgage and heirs these days?

That’s the problem, if it’s to that point, no bank will green light you for a mortgage, higher rate of not paying of the loan full term so

@@nickmattio3397 you clearly don't understand loans. Legally they cannot deny a 90 year old a loan, even. If they qualify. The house will be sold at estate and the leins paid first. They don't care if the loan goes to term, or don't even want that really.

Good to hear that someone understands. Most older people tell the younger generation to work harder.

@@SomeUserNameBlahBlah I’m 70 I’d be satisfied just to hear somebody say young people just have to know how to work and manage money

It’s totally being manipulated. What Zappa said they’d do they’re now doing.

@@geraldcroft9020Young people do know how to work and manage money. All that doesn't matter when they're being priced out.

@@SomeUserNameBlahBlah well my experience in my 70 years is you can’t find kids who want to work I see nothing but help wanted signs in gas stations at restaurants etc. they don’t want to work. In my experience in landscaping is good luck getting somebody who can work,at 60 I could work circles around high school kids. It’s not their fault it’s just a day and age were in. They grew up in town, no chores, They have their phones they have their Xbox they have parents to give them money. There’s no incentive for them to work. And they’re not that bright. Even my daughter in high school came home one day and said why are kids my age so stu***, I have to agree they don’t know much about anything and I’ll leave that at the feet of parents who don’t talk to their kids and the teachers can’t or won’t teach useful subjects

I feel her pain at 70 and being self-employed most of my life. My Social Security and my wife’s is nothing to live on, rentals are a necessity in our life to survive.

​@@geraldcroft9020 exactly. But the doomers won't understand till it's to late

Why didn't she like being a landlord

@@jc1979af dealing with people who lie to you, abuse your property, don’t pay you, make your life a living hell, and in a lot of places, a court system it takes way too long to resolve the situation. Hopefully she was not in California where it’s taken four years of not receiving rent from tenants to finally get people evicted, while landlords had to maintain, pay taxes and pay their mortgages. Don’t believe me I can direct you to an attorney who has 25 attorneys working under him that work on evictions in California.

@@jc1979af It's a job. Maybe at 72 she doesn't want to work anymore.

The city my children were born in (Sun City West, Arizona) they cannot live in. The entire town is 55+. I haven't heard a lot of retirees crying over that.

And be careful with buying an assisted living cottage. Somehow the clients end up deceased more suddenly than most.

Damn, talk about a doom cycle.

@@askssk715my wife and I have both retired- early. I have plenty of money and she has a nice pension. I’m worried the government will be our biggest expense.

@@wesbilly They are 💯

yep. It implies a surprising amount of hidden wealth (including a few ppl w/ gray/black mkt money sources) , as well as the wealth/savings/income gap.

It all depends WHERE you are looking to Buy ! Miami ? Oh hell that would be the worst place to Buy property now ! There are pockets in this country were home ownership is very affordable. Call it off the beaten path but they exist !

@@ag4allgood Sure they do but majority of people live near large cities now more than ever. Less populated areas and more affordable states also pay less on average

@@Striker50_ I thought the working from home movement made people much less prone to live so close to work ! The last company I worked for was down to 2 days per week to work in Office. Before that during the Pandemic many didn't show up for months ! When I left there was still a guy working remotely from Austin Texas & we are in Illinois ! It always took so much longer to do the work assigned because I was always taking pictures to ask questions about the work. Even though we used Microsoft Teams to a large extent.

it is a conspiracy theory that your dear leaders want to destroy the middle class.

They? Sounds conspiratorial. The world is too chaotic for that. I know it's frightening, so you need to believe someone is running things, but "they" is your peers. People have been renting since the beginning of time. Today, young people have realized all by themselves that it's often cheaper to rent. No one planned that. Even the Fed, which does plan economic policy, is only raising interest to slow inflating prices. Isn't this what people here are so unhappy about? Inflation? Slowing home buying was expected. It's temporary.

History shows MOST people that owning is cheaper than renting. Renting being cheaper than owning is a new thing; otherwise , why would anyone buy a home?@@mowthpeece1

Nah, the whole reason the US has such a high home ownership rate is because the government in the past figured that indebted home owners wouldn't be able to go on strike. Renters have more power. What are you going to do if they don't pay rent? Evict them? Good luck that, takes months. Now if you have money (equity) in your house do you really want them to foreclose?

That doesn't explain all the right to work states.@@rathelmmc3194

@@mowthpeece1Today’s conspiracy is tomorrow’s proven fact. Get real.

Canada is priced like it's on Mars and for no good reason. Reality will set in up there soon enough.

Being punished for being single is what it feels like.

Does Canada want a revolution or something? Because shit like that is how you get some brutal revolutions.

@@elim2826 thats exactly what happens. Canada's pension that everyone pays into from working and is some extra money when youre 60 is calculated based on how much you have paid into it over your life.. except if youre married and stayed home to raise the kids. They get money they didnt put into the system and guess where that extra money comes from? everyone else who paid into it.. a lot of single people getting robbed. There are loads of things like this

Yes, Canada is much worse than USA. Everything here is WAY more expensive including housing.

Maintenance costs will get you too.

I'm paying $253 a month in HOA fees which is lower than a lot of places that I looked at.

"Corporate greed"? Are they supposed to lose money when they sell products and services?

Unless you're okay living in an igloo or sauna, the average monthly electricity bill for residential customers in the United States increased 13% from 2021 to 2022, rising from $121 a month to $137 a month.

@@jeffrosati2570 As usual, a knee jerk comment without thought. The "right" says that inflation is due to the printing of money. For the last 40 years the Fed printed money for the rich, for Wall Street, and for corporations. It's called, "quantitative easing" ...or socialism for the rich. Then there were the Trump tax cuts. Did Fox News protest? No, because they benefited from it. The reason for inflation is because of the "unemployment stimulus," not corporate welfare. Are you kidding me? We went through a worldwide pandemic and the economy was shut down. Why did the stock market spike when the world-wide economy was shut down? Capitalism would let these companies fail. Workers pay "unemployment taxes." Rich people don't get W2's so they don't know. That's our money but the government says it's their money to use as they please. Americans be damned. If the Fed and our government squandered our unemployment taxes over several decades that's not the fault of employees. We paid into it. It's our money. Did workers agree to billionaires not paying taxes while hiding their wealth legally in the Cayman Islands? We spend trillions of dollars fighting wars, propping up puppet governments and allowing successful companies to fire workers so they can move to China and use free concentration camp labor. None of us signed up for this. Fox News, CNN, and MSNBC talk about rising gas prices. Never do they address the biggest cost to workers, rent and health insurance. What needs further discussion is the argument for $30 an hour. Mom and pop businesses could afford $30 an hour if their own rent wasn't exorbitant. Federal and state governments love landlords, high housing costs, and high rent because more property taxes are collected. The NY governor, Kathy Hochul, spent $800 million building a football stadium, which benefits her husband who owns concession stands there, instead of creating and improving affordable housing for its citizens. Certainly, corporations can afford $30 an hour. For example, let's talk about Walmart. The three Walmart kids, Rob, Jim, and Alice Walton (by way of nepotism) inherited the company and are worth a combined $235 billion. Now stop! Consider how much money $235 billion really is. $1 billion is equivalent to $100,000 a year X 10,000 years. Walmart could pay all 565,000 U.S. employees in the company $100,000 a year in perpetuity, and it will not affect the Walton family's wealth whatsoever. In fact, the Walton's would still make billions of dollars. Walmart grossed $550 billion last year. Paying all 565,000 employees $100,000 a year would cost Walmart $56 billion a year. Payroll would be 1/10 of their yearly gross. Arguments in support of the rich do not work anymore. Every worker, who built and sustains Walmart deserves to share in the profits of Walmart. This is real socialism.

You could if you had a Big down payment or bought in cash because you lived BELOW your means for 5 years ! People can't seem to sacrifice a little for a better tomorrow ! Credit card debt is too high & living now is the thing today.

Everything changed in 2020. The reset has been happening and will continue.

Interest rates are not that high and are near historically normal rates. Back in the 80’s interest rates were around 15%

Yep. Older boomers really did have the best financial teachers b/c our parents went through the great depression and ww2.

Are townhouses cheaper than condos? Are they easier to maintain? Townhouses or condos. Do you have an HOA? Is insurance cheaper than a home? If you or anyone cares to share your knowledge, I appreciate the time. It doesn't matter what state you reside in or moved to. Only your experience with buying or renting a condo or townhouse. Thank you.

Why didn't you buy a house? A townhouse is basically a condo.

I’m 60 and just brought a home.. got tired of renting. I’m not worried about paying off my home… if I can’t afford to keep it, they can have it. I’m living for the moment, nothing is guaranteed. GOD is my source and I’m not worried about nothing I can’t control. Y’all worried about things before they happen and when it don’t happened you worried for nothing, if it does happen you worried twice. Live life and enjoy because we all got a date with death.

@@joannaa.5101I love a townhouse you may share a wall, with a condo it’s like renting an apartment. HOA is not as bad as people make it, some folks hate rules.

@candelariaw1668 I heard very little about townhouses. I've seen duplexes, but never inside either townhouse or condo.

good point, I hope you make a full recovery....cheers

Are you Jabbed up with the Dr Fachi homemade Sauce.

That's depressing

Oh we will die off very fast but i believe tbere will be Famine and Floods and other things like War....but tbe Wealth of Cities tbese days is built on Home Values...and Consumerism growth...growth of consumption cannot keep growing...most Workers are unnecessary...so a complete restructuring will come after We are Gone.

So sad you have to think like this because people waiting in line to snatch up your house...I hope you live as long as your mum... Cheers!!!

I am doing the same...soon hopefully and need to move out of CA to afford something

Don't mess up wherever you're going like you all did to California

Which state did you go to Amy? Curious what was the main draw to it for you?

@lavenderlilacproductions how do you know we messed it up. We tried recalling the governor have voted and held traditional values and yet...the outcome is sadly what u see

How's the husband get the house after a divorce,you must have been a bad girl

@@markbaum9615🤣

Soon, if you have an empty room, they'll want you to house an illegal. But, you'll to act fast. The young, and pretty ones go fast. NYC DID ask people to do this.

So you think Cali is the only state doing this? Don't you read?

California is a ONE party state. So the politicians don't need to consult with the residents of the state. All the Democrats, including the Democratic governor, simply go behind closed doors and agree to all the new laws, regulations and taxes that they want. The taxpayers in California simply count for nothing when it comes to any legislation in the "Golden State".

@@mikeifyouplease Florida is just as BAD & instead of taxes the Insurance rates get you running for the exit !

your dear leaders get away with whatever you let them get away with.

plenty of people succumbed to the poke

Unintentionally? No, it sounds like you very deliberately made a wise financial decision. Good job!

@@chiplangowski3298 I had several wise people in my circle who advised me to buy when I was adverse to buying. I was stuck in my old world and they pulled me out of it. I'm thankful that I accepted the advise and acted on it. Thank you! 🙂

He opened a can of whining little worms with this video lololol. You're eligible now for a reverse mortgage if you want it.

or remote which is what lot of people did like myself

Smart. We've had highs in the 60's this past week in Central Texas. Won't find that in Michigan.

Florida for me. Didnt want to be cold

You moved in 2019 when Ohio rent was affordable. Different story now. If you want to live in a good neighborhood, rent will be at least 2500. Has to do with where you live though. Everything has changed since 2020.

@benton-benton yeah well I'm saying, in 2019, my rent went from $600 in Ohio (good conditions, quiet neighborhood), to $1100 in Oklahoma (bad condition, sketchy neighborhood). So there is no comparison between then and now. I'm talking both places we're priced that in 2019. I understand it's different now, but I can still get a place in the same ohio neighborhood I was in for $800-$1000 right now, so it's not that much higher where I was at.

Home ownership can be very overrated. They’ll never tell you that.

Right? Let them replace that A/C. 👍

I will never go back to that apartment life. People's kids in front of your place making noise, loud cars, crime etc. I would never live in an apartment again or buy a condo. They are the same thing. Land, space and peace.

Being a homeowner is like having a second job. Something always breaks or needs fixing and dealing with contractors is a huge nightmare.

@@zuzanazuscinova5209 - As long as you understand that as a renter, you are paying for someone else to take care of all of that for you. Renting is ALWAYS more expensive than owning the identical property long term. ALWAYS.

So nice 👍

No other way for young people to get a housing start. Don’t forget grandparents, too

@@fredk9999 yes, also grandparents! so nice 👍

the system is set up for wealthy families to keep to control, not a coincidence

Well, you better work hard to stay together. It's easy when you have a leg up, but people treat housing when they are young like they drive their cars.

That's what I did from 1986-1990.

A 1/2 acre lot in my neighborhood just sold for $195k - just the lot - no trees because the seller clear cut the whole darn thing. 100 year old trees poof gone

Already are to get out of the cities and to raise livestock and garden on a larger scale. More freedom out and far from your neighbors.

​@@TwitX2007, 100 year old trees might be valuable depending on species.

@@TwitX2007 trees are the best part of land

I visited Florida for the first time in September, West Palm Beach. The difference between Texas and Florida is climate. If you drive from South Florida to North Florida, the whole state is basically interstate and tropical wetland. Florida is also overpriced now. I would not move to Florida, based on what I saw. Too many people in condos, not enough houses.

And a lot fee like a trailer park.

It’s not all that bad! lol I will say it is VERY affordable! My family lives off one income of 70k. We have a home, 3 cars camper and boat plus a child. 1 car, camper, boat all paid for. Quality of life is good❤

When we bought our first home during Covid, I was 59.

Bought my first house at 47 in 2007 right before the troubles. Paid the house off right after I retired. Now I own and have a sibling living with me and we are fine. My tip is so not just make the minimum payment pay extra when you can. Wishing you the best.

Same here😅

@@EvelinHolmes I planned out in my 50’s…..

That's true and ypu actually had a yard

Your guiding the kids correctly. See if you can turn them onto Ramsay Solutions ( Dave Ramsay), after listening to his radio show they will take great pride in the fact that they are paying their loans off right away.

we've been there, we have to compete against foreign investors (only need 25% down) + flippers + corporations

Absolutely. It is where almost everywhere goes before a revolution... This is why not buying can be a risk. There is no promise you will get a house in the future...

@@mangodiet801 in addition as an American citizen we can’t just go in and buy a house or condo there without a Philippine citizen owning at least 60 % of that condo or home. You can only lease/ rent it as an American. 🇺🇸

@@jasonknight5863 That's a deal-breaker.

@@jasonknight5863 there's other countries you can own property outright, with no property tax

You're part of the problem. Just wait, don't buy at these crazy prices. If more people did this, the house prices wouldn't be apeshit insane as they currently are. Well, that.. and also we need to STOP the corporate entities from buying up single family housing. That is a recipe for some French Revolution style politics and they need to tread very lightly.

It is upsetting to me that young people are being cheated out of the American dream of home ownership. I'm a boomer my first house was $22,500 mortgage payment was $154.00 a month. Your getting screwed royally.

So marry someone making $50k or more. Problem solved for buying a family house.

@@hvaball150you must not date much in the west huh? You act like that’s picking up bread and milk at the store. Get real.

​@@thedadyouneverhadchannel3544 bingo. Then if you do get married, statistically more likely to end in divorce than not and you'll loose "your" house and half your money. End up worse off than if youd just stayed single the whole time. But hey, your ex is living it up with her BF!

This is what the problem has been all along. Why has it taken so long for them to build smaller homes? We live in a small house and it's just fine. Don't understand why people think that they need big houses.

​@@davidkirby7551Building codes make denser housing less profitable. NIMBYs are stopping it because *gasp*, if houses become cheaper *their* house becomes cheaper! And we can't have a good ""investment"" like that go to waste, now can we?

​@@davidkirby7551 Those big houses used to be attainable so why not.

It used to be keeping up with the joneses..now I think its beat the joneses. Isn't this the "give everyone a trophy" generation?

They definitely are not building smaller affordable homes here in the Midwest. They just don’t build period. If they do build it’s 600-900k homes and you have to fight everyone for what’s left.

I'm 25 and got rid of my harley. Worst brand ever. the bikes are triple the price of what they should be and the parts and accessories are a rip off.

This is hyperbolic. Those kinds of people aren't going away.

Because all the boomers came of age in a time of great economic expansion where you couldn't go wrong. It was just dumb luck but they were able to lock down good jobs and benefits and accumulate wealth and assets at very desirable and attractive prices and terms. These same people became blind (and remain blind) to everyone else and simply assumed if you lift yourself up by your bootstraps and work hard you'll get ahead. Nothing can be further from the truth. Also the people in your age group have been in positions power for a long time and have manipulated the laws, especially the investment laws to favor the well heeled and wealthy at the expense of those beneath them. There's justifiable reasons why so many despise your age group.

50% of people have saved nothing! 60% go paycheck to paycheck - 20,000 cars are repro every week - 1/2 pop would have a hard time paying an unexpected $600 bill - we’re broke!!

The top 50% have 94% of all the assets. The bottoms 50% have 6% of assets but 56% of the debt.

​@@geocam2This country does more for the poor than any other country in the world.

Or WWIII, especially if you are an arms dealer.

I don't even think it should be legal. People are not smart who cash out their equity.

I’ve also seen tons of those YT shorts where “investors” dumb down what a cash out refinance is, making it out to be a savvy financial maneuver, tic tok, too, I hear, and I guess people just buy it. Scary.

@@networth00Sometimes there is no choice. If you need money, it may be the only place to get it.

agreed. why would you cash out refi to higher rate when you can just get a heloc?

Government taketh away

Same here made 50k before both Federal and State, Child Support and Health Insurance I made 31k after everything was deducted .

It's time to level up that career. Whether that means education or licensure, $31K is poverty in today's America. Wake up.

@@DIVISIONINCISION I have a college degree. Problem is with DEI. I don’t check off enough boxes to get ahead…

you giveth away of your own free will. @@robertmanley2687

Michigan is a big state surrounded by the Great lakes and it's very affordable compared to the southern states.

Awesome

I believe if you inherit in CA and make it your primary residence, then you can keep the old tax on that house.

​@Mariya2804 I'm not sure that's entirely true. I believe the tax basis is stepped up to reflect the home's current value, but you won't have to pay inheritance tax if you move into the property and make it your primary residence

They went to the best schools and know EXACTLY what they are doing to you.

@@hvaball150 not usually. Incompetence is very ordinary among humans, as well as non-deep analyses, and bad policies that are too simple and one size fits all.

usd is going down. and you cant keep your worthless usd in a bank they are all on life support from the fed and can go bust any day.

SHARE that's what I did then Rent out a room IF u need $$$ had 5..LOL

I'm a multimillionaire. If I was starting out in life now, I would NOT live in my car like a bum. I would pay a landlord for housing.

@@MrRacket991 I'm a multimillionaire. If I we're starting now I'd move to a state/city where I could afford a home, buy a duplex, and have the renter pay my mortgage.

Why would anyone want to live in the Midwest, though? Texas gets down to the 30's in the winter where I live. That's cold enough.

I'm in Franklin county, suburb of Columbus. I have a friend who lives in Canton. Yes, lots of nice houses up there that need work, some more than others. But wow, when you're finished you've got a masterpiece! My friend has the cutest Craftsman house and really low property tax. I've thought of moving up there. Thank you for not being a spoiled person. You are willing to do work so you can have a nice house. It's what we did, worked our butts off on every house we ever bought. Always bought fixers. If a person is willing to do the work, they can have a nice house.

@@DIVISIONINCISION With "global warming" Ohio will be the new North Carolina.

I saw that. Private property rights are under attack everywhere in this country & it is not just concerning rental property.

ME... I pay $40 per lawn cut but only comes when I call.Snow ORD $45 5*** . All can be Done Stay in Home...Bad Legs..

The younger generation can't mow lawns or clean the toilet? I didn't know they were THAT lame.

@@MrRacket991 The "Mission: Readiness" new report, based on U.S. Department of Defense data, says 77% of young Americans 17 to 24 years old are ineligible for military service, a 6-percentage-point increase since 2017.Ap

​@@brensway Where are you going with this?

@@MrRacket991Well, now you know it. 😉

@@WyldStallion-bs9oo It doesn't matter how much they want to charge. It only matters what people can afford. Empty apartments garner no income.

it's ok, seems like our economic sanctions against Venezuela will help us fulfill that gap

​@@mangodiet801and they really help. 😂 look how many caravans arrived Southern border this year.

It's a Damn Cesspool "