Your homes value is probably up 37% too. Can't have your cake and eat it too. I feel the pain though, just trying to enter the housing market is unrealistic at this point.
Be grateful if you don't have a pre-fab or modular home. Few insurers will offer any homeowners policy coverage. The few that do gouge you to oblivian.
My dad’s home in Palm Springs Ca is worth 1.5 million and it was Paid off years ago…….. my 6 brothers and sisters still have to help with the property taxes/insurance just help him keep the home. It’s ridiculous!!!
I got a good one for the Partridge family here my cousin lived in Austin Texas next to Steve Dell s massive property that he owns. This was back in 2007 they were paying 12 thousand a month total expenses and the taxes came out to 40 thousand a year!! That's America if you can afford it but think about it. Your paying interest on your EQUITY. After u sell and u split well its something right if you move out of the country the way its going
Actually, it is the land cost problem too. Land cost can be higher than the house. God gives us free air, water and land to survive. Should we have laws to stop land price gouging?
Property tax is needed to aid the community with a bunch of things. What they need to eliminate is an ability for someone or a corporation to own multiple properties preventing new home owners.
@@kconfire "What they need to eliminate is an ability for someone or a corporation to own multiple properties preventing new home owners." one property per person? like a.. 40 acres and a mule sort of thing? wow... willful subjugation!
@@Cucumberflavoredmustard add up property taxes for the community in a given area and calculate how many schools and fire stations that covers... You will find the amount should result in the walls and floors of the schools and fire stations being paved in gold with money to spare
@@ada-yw1bb You still gotta pay property tax so how is that "ownership"? Basically, you're renting off the government even after paying off your mortgage. Try not paying your property tax and see how fast you "own" your home.
Property taxes are the original "unrealized gains" tax. Our property tax when we bought our house was about $500. Now it's $3800. They actually went down during the Obama crash, but we didn't get our overpayments (based on unrealized assessments) refunded! If property taxes can be raised based on an increase in assessed value, they should be refunded any time there's a decrease.
That should actually be a constitutional amendment. “If gains are taxable, losses are ipso facto deductible”. Governments are cheating at all levels with that.
@@LAXtimmons I think he meant the "Clinton and Bush crash". The problem started under Clinton and was ignored, brought up again under Bush II and ignored again until the bubble popped. Dealing with the problem would have ended to "good times", so they chose to ignore it. Look up Clinton's CFTC for some insight.
Ya, that crash. Started with Bush, got worse with Paulson's Wall Street bailouts, and continued through the Obama first term, which is when our assessment went down $100K.
@@Shadow_Banned_Conservative Oh, I understand that Clinton started the ball rolling on the 2007-2008 housing crash. But to call it the "Obama Crash" is.....uhhhh,,,, a loose with the facts imo.
@@Kimm.J what is the difference between tax cuts? For anyone? Tax cuts allows everybody to keep more of the rightful money that they have earned.... duh .
@Kimm.J : 63% of Americans pay no federal income tax at all. Pretty sure billionaires don't get away with that . Stop repeating Dumocrat talking points. We don't have a revenue problem, we have a spending problem.
@@cas818028 google? why cant I mention more people equals a supply/demand issue with housing, that will drive up the cost of housing? its the very basics of a supply/demand curve! yet I can't mention it? good grief.........
Cities and counties are to blame for property tax increases, spending like drunken sailors and then reassessing values to make up for their spending habits.
They already do. The standard deduction for homeowners is 16k this year I think. Other homes you own qualify for most expenses to be written off. Upkeep, taxes, insurance, mortgage interest, utilities, etc. The only thing you can't write off is upgrades/improvements.
And Insurance Companies are rolling in cash and profits. CEO's getting huge bonuses. Part of it is the increase in costs but the other part is opportunity to slam dunk the consumers.
@@mwashington1103... getting rid of tax and spend liberals will certainly reduce taxes... and deregulation might increase competition which will work Wonders on insurance rates... if it induces more companies to enter the market. So..... it's not so much the ridding ourselves of the criminal illegals, it's more about the people who are doing this, the conservatives.
Had a friend at work say he didn't even know what his property taxes were that's all taken care of in his mortgage. I wonder how many others on fixed monthly payments are clueless on what's happening.
You don't stay clueless for long. Mortgage companies just add the increase to your monthly payment. They send a letter breaking down the changes and your new escrow amount, along with the "makeup" from the increase that you haven't paid yet, usually spread out over a few months to a year. It makes that first jump pretty horrendous. I had "adjustments" to my mortgage a few times while I still had one. I paid off my mortgage over a year ago, if I still had a mortgage in 2024 though the monthly payment would have went up 200 dollars on a 1400 monthly payment. So I now without a mortgage I set aside 500 a month just for insurance and taxes. I also have to set aside 325 a month for taxes and insurance on my old (newest is 11 years old) autos. So, 825 a month before I've heated/cooled/lit my home or a single vehicle has left the driveway. Oh, and I live in a lower cost area. My real estate tax was 2300 in 2021, it was 3900 for 2024 and is expected to take another large jump for 2025. Outside of insurance, one bit of reality we're all going to face is every state, county, city, and town went on a spending spree in 2020 and 2021, fueled by federal handout money. That money has dried up now but those new projects still have to be funded. Guess where they're looking for funding now.
My property taxes go up 2% per year here in Cali....but we start off pretty high with the prices so crazy. I hear in Texas, and other states, they can just raise taxes according to real estate prices. That should be outlawed throughout the U.S. period. Your taxes should never be a burden that unreasonable beyond where you first purchased.
@@debibermingham3667 Soon parents that rely on school for their jobs will be at home with their non-educated kids. Along with the hundreds of gov agencies they're closing that will cause nationwide massive unemployment. Recession, depression and stock market crash. Then maybe you'll feel better 🙃
@@drustopia5881 I don’t know where you live but in TN is it 100% a choice. You can live in an area with no HOA, small HOA or on a golf course community with armed security for really high HOA. My neighborhood is about $200 a quarter and it pays for common area maintenance and upkeep o the swimming pool. You can choose to live without an HOA if you want…
Home owners get extra tax breaks just for owning the home, too. Single people that rent dont enjoy a single tax break. Families get huge breaks too. STFU family home owners! =D
Bingo, the housing supply crisis is funding our 401ks (and your elected officials). Taxes have way less bearing where I live and are a distraction from the core issue. The price inflation is going to be protected at all costs because that's what investors are making bank on, even if the houses never sell.
Same thing is happening in Canada. Our property taxes were capped at 3.3% for a 4yr cycle. When 2024 came along they increased the property taxes by 8.5% all of a sudden. We also had to deal with a slight increase in our insurance. We actually changed providers to get cheaper insurance, I don't think it will last long. All of these inflationary costs are NOT taken into consideration by our government. They also do not account for gasoline and groceries when they calculate inflation. It's criminal! Real inflation is way higher than they want to report so the politicians can remain in power. Can't wait for our election in October 2025 !!!!
You don't believe in climate change? Are you blind? Do you think this is all "natural"? Did you have science in school? Ever hear of the laws of thermo dynamics?
There is a correlation between Higher Home Values . And the higher cost of Insurance and Taxes . This is the Dark Side of Homes being worth double what they were a few years ago .
Not higher "values", higher prices. This is the dark side of central banker shenanigans that our founders warned us about! By the time they're done with us we'll own nothing and be happy, right?
@@BookerT1when interest rates go down watch housing prices will go up because people will be able to afford a higher monthly payment on the mortgage. There are not enough homes because people and companies are buying multiple homes driving up the cost. Not to mention real estate agents are crooks.
Imagine your local government budget is already in the red, they won’t do anything to reduce property tax or any tax at all. That will hit their budget even harder
Yeah, you know what we get by paying proper taxes, our city and state workers can retire early, having three houses I pay at least $1200 a month on property taxes, potholes everywhere if they build a bridge or a school it takes forever, Washington state
Look at statistics of storms making land fall, that has not changed. What has changed is people are building in flood zones, and you are paying for it.
Exactly, in Houston our insurance rates are nearly triple what they were in 2019/2020. Some parts of town are always the first to flood and strangely those areas are all some of the more expensive ones. If those people want to live there and keep getting flooded THEIR rates should be the only ones skyrocketing.
Post election is one of those things that could really contribute to portfolio growth and vice versa. I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?..
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And by far the biggest cut of your property tax goes to the local schools. My local school district has about 60k kids enrolled, and nearly 280 administrators (not actual teachers) making over 200k. Time to trim some fat.
Thats is insane I live in Central IL on 4 acres 3000 Sq ft morton build "Shop" and 2000 Sq Ft house insurance and property taxes for entire year is $3500.00, Something does not seem right about this. I would go to the Clerks office and contest it they had my neighbor small house on a 100ft x 50 ft property and his property taxes were 8K I told him go down and contest your taxes at the county clerk office and there now $900 year.
It's not infrastructure that costs money, it's maintaining & replacing it that really impacts the expense side of the balance sheet. 40-60 years after it's built.
In 2021 my homeowners was $2800, 2022 $3800, 2023 $4700 then I got my 2024 bill it was $9335 !!! I called the insurances and cussed them out !!! I shopped around and got it for $3100 !!! I do live on the coast a mile from the Gulf of Mexico but these companies took advantage of folks
It amazes me how CA still has one good thing few States have... a cap on how much the City can raise Prop Tx each year. It's 2% of assessed value. My house went from $200k to $1 Million in 25 years and my prop tax is still under $3k. The 'have-nots' are trying to abolish this law (called Prop 13 out here).
Like everything else, it make little sense to finance anything, including houses. Sometimes loans are necessary, healthcare... funerals...work related moves...but most of the time we should live with what we earn.
Well go see what you owe on the mortgage see if they're charging for replacement costs and telling him you're only insuring it for what's on the mortgage.
DONT FORGET!! You can dispute your taxes with the county you live in. I've disputed mine and created a relationship with my county auditors. If there's any home improvements needed, GET A QUOTE and submit it!! Taxes continue to rise because less than 20% of homeowners dispute this. I dropped my mortgage for all of 2024 down almost $400 a month. Going into 2025, yes, taxes went up a bit, but only increased my mortgage $40 a month. You can make a difference.
We needed a depression in 2009. Instead we got debt supporting the banksters. The FDIC would have protected individuals up to 250k. Wealth inequality would have been dramatically reduced. The wealthy should be forced to file bankruptcy when their rent seeking is rebuffed.
An independent study by Georgia State University in the 1980's deduced that if Jackson- Hartsville Airport and vendors were managed by city employees, advalorim taxes would be nonexistent. However, vendor contracts are given to individuals that have contributed to the campaigns of the mayoral candidates. Billions of revenue go to the private sector and not the city of Atlanta as a result. Corruption at its finest!
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 our 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 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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The problem with tax, is the people that are in charge of the money that taxpayers pay.....they want to buy things that have no business being purchased, that have no long term value. Technology is something that taxpayers cannot keep up with, and counties and cities cant wait to purchase the latest and greatest.....and eagerly just retire their latest purchases and grab for more....why....they seem to think that there will never be an end to th amount of tax that you as a home owner can absorb....news flash.....there is a limit....voting dosent seem to make a difference....once they join the circus, they too become clowns.
How many are going to lose the homes because they qualified when they purchased, but government and corporate greed will put your payment out of reach.
High prop tax in blues cities, that is no surprise. But what did you expect when you made mold into a "thing"? A home owner see's a few spots on their bathroom wall and they get a new bathroom for it. Or a few planks of flooring get wet in the kitchen and the whole house floor gets replaced. The Mold remediation business is quite lucrative for a reason. They get away with way too much. 30 years as a contractor and I've seen plenty of reasons why insurance rates should be high.
Property tax (along with inflated healthcare and education costs) is one of the "hidden taxes" of living in the US. Local Gov has become overly reliant on property taxes and because it is hidden in your escrow, most people aren't aware of how much they are paying. People complain about the tax rate in Europe but what they don't understand is that when you add up all the hidden taxes in the US, you are likely paying more.
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A lot of pandemic home sellers wanted more, more, more! People and investors bidding up houses to unrealistic values. RE agents wanted more to inflate their commissions, and everyone with their hand in the market was on a sugar high. Of course, increased taxes and insurance will follow suit. What did you expect?
We always hear about it affecting young people who are just starting out. Yes, it's definitely hurting them, but it really is destroying all of us in all age brackets. One of the fastest growing demos of homeless are the elderly who cannot afford the ever exhortant property taxes, skyrocketing insurance, and ridiculously increasing HOA fees if they live in one of those many places. And that doesn't even address the ever increasing utilities we all have to pay. All of us, in all age groups are being gutted!
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, Middle East crisis-how many crises can one handle? As I approach retirement with a comfortable few million, I’m nervous about a potential market crisis but also want to capitalize on a possible correction. Where should I focus to best grow my money?
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My home insurance increased 37% this year! Have never made a single claim! Don't live in FL or CA either. Buncha money grubbin' crooks!
Auto insurance
Home insurance or rental insurance
Medical insurance all mandatory who has money left after insurance payments? 😮
Your homes value is probably up 37% too. Can't have your cake and eat it too. I feel the pain though, just trying to enter the housing market is unrealistic at this point.
Be grateful if you don't have a pre-fab or modular home. Few insurers will offer any homeowners policy coverage. The few that do gouge you to oblivian.
❤and still people voted red to support the crooks tax Cuts 😂😂😂
I live in FL, 8mi from the beach as the crow flies. Home insurance is $2k/yr. What’s the problem?
I paid my house off but now my taxes and insurance is equal to a house payment.....
My dad’s home in Palm Springs Ca is worth 1.5 million and it was Paid off years ago…….. my 6 brothers and sisters still have to help with the property taxes/insurance just help him keep the home. It’s ridiculous!!!
@@jbaz830 Sell it and move him somewhere else.
I got a good one for the Partridge family here my cousin lived in Austin Texas next to Steve Dell s massive property that he owns. This was back in 2007 they were paying 12 thousand a month total expenses and the taxes came out to 40 thousand a year!! That's America if you can afford it but think about it. Your paying interest on your EQUITY. After u sell and u split well its something right if you move out of the country the way its going
Ever thought of dropping the insurance and just putting that money in a savings account and use that if something happens.
@@infinera06 easier said then done
Homes are grossly over priced for what you are getting.
So you’re against the free market?
@@pejpm he is against the bubble
HOUSES are expensive...HOMES are whenever you lay your hat, including a cardboard box. Learn the difference.
Actually, it is the land cost problem too. Land cost can be higher than the house. God gives us free air, water and land to survive. Should we have laws to stop land price gouging?
You could definitely say the same of cars
They should eliminate property taxes.
Property tax is needed to aid the community with a bunch of things. What they need to eliminate is an ability for someone or a corporation to own multiple properties preventing new home owners.
@@kconfire "What they need to eliminate is an ability for someone or a corporation to own multiple properties preventing new home owners."
one property per person?
like a.. 40 acres and a mule sort of thing?
wow...
willful subjugation!
Rest assured Mando, if they abolish property tax, they WILL increase something else to cover it. They will get their money one way or another...
Schools and fire stations need paid for somehow.
@@Cucumberflavoredmustard add up property taxes for the community in a given area and calculate how many schools and fire stations that covers... You will find the amount should result in the walls and floors of the schools and fire stations being paved in gold with money to spare
It’s disgusting to hear people call it homeownership. If you have to pay on something just to keep it, then you don’t own it.
Thank you, have said this for years.
Well.... you could write a check . Lots of people own their homes .
@@ada-yw1bb You still gotta pay property tax so how is that "ownership"? Basically, you're renting off the government even after paying off your mortgage. Try not paying your property tax and see how fast you "own" your home.
You don't own your car either. It all goes to the state
Look up what your property taxes pay. It’s public information.
Property tax is extortion!!! There are no excuses and no exceptions.
Move to California then. Their property tax is based on the value at the time of purchase
@@sozno4222 move to the state with the most unaffordable property values? Yeah, makes sense....
I don’t understand what these localities are doing with all of this extra money?
@threemonkeys5441 pockets
Should be a flat tax. Everybody gets same services so pay the same.
Property taxes are the original "unrealized gains" tax. Our property tax when we bought our house was about $500. Now it's $3800. They actually went down during the Obama crash, but we didn't get our overpayments (based on unrealized assessments) refunded! If property taxes can be raised based on an increase in assessed value, they should be refunded any time there's a decrease.
That should actually be a constitutional amendment. “If gains are taxable, losses are ipso facto deductible”. Governments are cheating at all levels with that.
"Obama Crash"? 2007-2008 housing crash that led to a recession? That crash?
@@LAXtimmons I think he meant the "Clinton and Bush crash". The problem started under Clinton and was ignored, brought up again under Bush II and ignored again until the bubble popped. Dealing with the problem would have ended to "good times", so they chose to ignore it.
Look up Clinton's CFTC for some insight.
Ya, that crash. Started with Bush, got worse with Paulson's Wall Street bailouts, and continued through the Obama first term, which is when our assessment went down $100K.
@@Shadow_Banned_Conservative Oh, I understand that Clinton started the ball rolling on the 2007-2008 housing crash. But to call it the "Obama Crash" is.....uhhhh,,,, a loose with the facts imo.
Property tax is a scam, and so is insurance!
Insurance companies, all, are like pimps.
property taxes yes i agree, but home insurance you got to have it. you will miss it when your house burn down
@@onireno
What are tax cuts for billionaire's considered?
@@Kimm.J what is the difference between tax cuts? For anyone? Tax cuts allows everybody to keep more of the rightful money that they have earned.... duh .
@Kimm.J : 63% of Americans pay no federal income tax at all.
Pretty sure billionaires don't get away with that .
Stop repeating Dumocrat talking points.
We don't have a revenue problem, we have a spending problem.
Local government raises property taxes, then they ask for more money because they somehow dont have enough.
Mismanagement of funds already collected.
You shouldn’t have to pay taxes on what you OWN. It is ridiculous.
@@harperion2492 we don't own anything
it’s becoming harder for us, Americans to maintain financial stability. The economic structure is not as supportive as it once was
Don’t worry soon we all be bringing in more low cost immigrants to drive wages further down
@@cas818028 and housing further up.....
@@cas818028 google? why cant I mention more people equals a supply/demand issue with housing, that will drive up the cost of housing?
its the very basics of a supply/demand curve!
yet I can't mention it?
good grief.........
"Reaganmics" followed by "trumpenomics".
Only the rich will survive
@@LaughingblueSu not by statistic,,,
look up real wages.
Cities and counties are to blame for property tax increases, spending like drunken sailors and then reassessing values to make up for their spending habits.
You got that right!
If government wanted to promote home ownership then 100k of a primary home value should be tax exempt.
maybe more
It's 50,000 in Florida and they're upping it.
They already do. The standard deduction for homeowners is 16k this year I think. Other homes you own qualify for most expenses to be written off. Upkeep, taxes, insurance, mortgage interest, utilities, etc. The only thing you can't write off is upgrades/improvements.
It’s not even worth it anymore. Where has all the money gone? These cities are making out like a bandit with property taxes but the roads are 💩
Homelessness in US up 18%. Market is extremely unaffordable.
And Insurance Companies are rolling in cash and profits. CEO's getting huge bonuses. Part of it is the increase in costs but the other part is opportunity to slam dunk the consumers.
I own a life insurance agency. They’re slam dunking the consumer.
It's the only private sector that is basically guaranteed a profit every year by the government.
With millions deported, it will be good for our environment!
With millions of criminal illegals gone, the country will be much safer.... that's for sure!
How is that going to reduce insurance rates or property taxes? 😂
It will 👍. With Biden gone it will be good for America.
What does that have to remotely do with this conversation?
@@mwashington1103... getting rid of tax and spend liberals will certainly reduce taxes... and deregulation might increase competition which will work Wonders on insurance rates... if it induces more companies to enter the market.
So..... it's not so much the ridding ourselves of the criminal illegals, it's more about the people who are doing this, the conservatives.
Had a friend at work say he didn't even know what his property taxes were that's all taken care of in his mortgage. I wonder how many others on fixed monthly payments are clueless on what's happening.
You don't stay clueless for long. Mortgage companies just add the increase to your monthly payment. They send a letter breaking down the changes and your new escrow amount, along with the "makeup" from the increase that you haven't paid yet, usually spread out over a few months to a year. It makes that first jump pretty horrendous.
I had "adjustments" to my mortgage a few times while I still had one. I paid off my mortgage over a year ago, if I still had a mortgage in 2024 though the monthly payment would have went up 200 dollars on a 1400 monthly payment. So I now without a mortgage I set aside 500 a month just for insurance and taxes. I also have to set aside 325 a month for taxes and insurance on my old (newest is 11 years old) autos. So, 825 a month before I've heated/cooled/lit my home or a single vehicle has left the driveway.
Oh, and I live in a lower cost area. My real estate tax was 2300 in 2021, it was 3900 for 2024 and is expected to take another large jump for 2025.
Outside of insurance, one bit of reality we're all going to face is every state, county, city, and town went on a spending spree in 2020 and 2021, fueled by federal handout money. That money has dried up now but those new projects still have to be funded. Guess where they're looking for funding now.
My property taxes go up 2% per year here in Cali....but we start off pretty high with the prices so crazy. I hear in Texas, and other states, they can just raise taxes according to real estate prices. That should be outlawed throughout the U.S. period. Your taxes should never be a burden that unreasonable beyond where you first purchased.
Who remembers when a house was a just a home? Not its treated as an investment.
Property taxes are absolutely outrageous! Unsustainable!
@Trudence2 It's simply extortion. That's that.
The schools are the ones with the biggest waste of our taxes!!!I know I worked in it😡
@@Trudence2
But tax cuts for the wealthy are acceptable..?
@@debibermingham3667
Soon parents that rely on school for their jobs will be at home with their non-educated kids.
Along with the hundreds of gov agencies they're closing that will cause nationwide massive unemployment.
Recession, depression and stock market crash.
Then maybe you'll feel better 🙃
@@Kimm.J do you understand our tax system at all?
google bar room economics....
Its really depressing for us first time buyers... nothing makes sense anymore
I cant even imagine. Its total BS
you are correct in that nothing makes sense anymore. i thought it was just me!
It’s not just hurting homeowners who live in their home but those who rent to people. Rent goes up
Stop voting for school levies and your property taxes will not go up!!
Address HOA fees. Totally exorbitant and out of control.
That’s a choice…
@@bretthines6893 It is not. It relates to urban development and improbability to own, unless you are a corporate.
@@drustopia5881 I don’t know where you live but in TN is it 100% a choice. You can live in an area with no HOA, small HOA or on a golf course community with armed security for really high HOA. My neighborhood is about $200 a quarter and it pays for common area maintenance and upkeep o the swimming pool. You can choose to live without an HOA if you want…
Why would anybody in their right mind buy into an HOA unless they're rich.
@@drustopia5881really I bought my house 3 years ago no HOA in Florida. It is a choice.
This is why I don’t own a home that isn’t rented out to someone else
The guy is blaming climate change???
It's been tough for 4 years. Small ranchers used to sell for $175,000 are now sold for $345,000. That's insane.
Will only get worse from here. No one will save us.
Look at California prices millionaires only
@@Mactrizel Brought to you by the democrats.
Is he crying for the individual home owner
or the corporations who have cornered the supply of housing ?
NO DOUBT 😂😂😂😂😂
Home owners get extra tax breaks just for owning the home, too. Single people that rent dont enjoy a single tax break. Families get huge breaks too. STFU family home owners! =D
Bingo, the housing supply crisis is funding our 401ks (and your elected officials). Taxes have way less bearing where I live and are a distraction from the core issue. The price inflation is going to be protected at all costs because that's what investors are making bank on, even if the houses never sell.
Same thing is happening in Canada. Our property taxes were capped at 3.3% for a 4yr cycle. When 2024 came along they increased the property taxes by 8.5% all of a sudden. We also had to deal with a slight increase in our insurance. We actually changed providers to get cheaper insurance, I don't think it will last long. All of these inflationary costs are NOT taken into consideration by our government. They also do not account for gasoline and groceries when they calculate inflation. It's criminal! Real inflation is way higher than they want to report so the politicians can remain in power. Can't wait for our election in October 2025 !!!!
Good luck and good bye to Justin 🫡🇺🇲
Good luck on the election thing......dosent pan well here in the US.....
FJT
Get rid of the ‘climate change’ guest. He’s spreading BS.
You don't believe in climate change?
Are you blind?
Do you think this is all "natural"?
Did you have science in school?
Ever hear of the laws of thermo dynamics?
There is a correlation between Higher Home Values . And the higher cost of Insurance and Taxes . This is the Dark Side of Homes being worth double what they were a few years ago .
100% right. People out here bragging about the equity they gained basically overnight, but didn't see this coming...
@@dbrew2u last few years of runaway Bidinflation, my House didn’t go up a penny
Not higher "values", higher prices. This is the dark side of central banker shenanigans that our founders warned us about! By the time they're done with us we'll own nothing and be happy, right?
exactly and not climate change
Cpi is absolutely ridiculous. Social security cpi? They must think we are all stupid!
The gov is the ultimate landlord
Right. See who is the frequent lottery winner?
@ Uncle Sam is always the winner. 50 % regardless who won
Property Tax is climate Change did I hear 👂 that right.
You did!! 😂😂
With interest rates so low, traditional savings accounts are no longer enough to generate meaningful returns.
Oh, but we're sure paying out the whazoo for interest on things like mortgages, credit cards and other types of loans!
gives new meaning to the term luaghing all the way to the bank....now its crying all the way
housing probably won’t see greener pastures until 2026 when we get a new fed chair
Its not the interest rate it is private equity companies buying up the available inventory.
@@713devereux it has "everything" to do with interest rates.
@@BookerT1when interest rates go down watch housing prices will go up because people will be able to afford a higher monthly payment on the mortgage. There are not enough homes because people and companies are buying multiple homes driving up the cost. Not to mention real estate agents are crooks.
Crash and burn coming hard.
That's what needs to happen, but I don't think it will. Our "leaders" will just keep kicking the can down the road to prevent it.
Imagine your local government budget is already in the red, they won’t do anything to reduce property tax or any tax at all. That will hit their budget even harder
My home insurance was up about 36%.
Yes and with zero claims
Yep . My house payment increased by $145 with zero claims.
Thanks to the great hurricane state of Florida.
@@NT-lz5ez I'm in iowa
@@SC....... your insurance is going up because of claims made in Florida.
Yeah, you know what we get by paying proper taxes, our city and state workers can retire early, having three houses I pay at least $1200 a month on property taxes, potholes everywhere if they build a bridge or a school it takes forever, Washington state
You're not paying it the people who are renting are paying it so why are you freaking complaining.
I had several buyers get out of the market because of this. Criminal
Stop with the "climate" risk nonsense. There is nothing new, just many more houses in risky areas that cost much more to replace and fix.
We won't be able to afford anything soon.
Uh, it's not climate. What you're referring to is WEATHER!
In 4 years, my monthly payment went from $1650 to $2200 because of taxes and insurance. 😢
Yep...me too! It's infuriating to keep paying more for everything and get nothing in return!
Look at statistics of storms making land fall, that has not changed. What has changed is people are building in flood zones, and you are paying for it.
Exactly, in Houston our insurance rates are nearly triple what they were in 2019/2020. Some parts of town are always the first to flood and strangely those areas are all some of the more expensive ones. If those people want to live there and keep getting flooded THEIR rates should be the only ones skyrocketing.
Post election is one of those things that could really contribute to portfolio growth and vice versa. I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?..
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one, after my retirement pension took a hit in April due to the crash.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA ’Gabriel Alberto William a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for putting this out, it has rekindled the fire to my goal
And by far the biggest cut of your property tax goes to the local schools. My local school district has about 60k kids enrolled, and nearly 280 administrators (not actual teachers) making over 200k. Time to trim some fat.
Violating human constitutional rights is illega
Which right are you talking about?
Home prices and mortgage rates need to come down to at least 4% to stabilize the market.
I have 12 acres of land in wv. My annual property tax is $140. I had 1/3rd of an acre In PA and it was $4800 a year.
Makes sense. From someone in PA
DOGE is needed in every Illinois county IMO...property tax 50X150 single home in LAKE county 800.00 MONTHLY with senior discount 😂 CRAZY !!!!
What kind of psycho retires in Illinois? Go to Indiana.
Thats is insane I live in Central IL on 4 acres 3000 Sq ft morton build "Shop" and 2000 Sq Ft house insurance and property taxes for entire year is $3500.00, Something does not seem right about this. I would go to the Clerks office and contest it they had my neighbor small house on a 100ft x 50 ft property and his property taxes were 8K I told him go down and contest your taxes at the county clerk office and there now $900 year.
Healthcare costs continue to skyrocket.
We are all being scammed..
Taxes are incentives. Ask yourself, why are we being incentivized to NOT buy homes?
Bitcoin > House
Cheryl Casone is absolutely stunning
It's not infrastructure that costs money, it's maintaining & replacing it that really impacts the expense side of the balance sheet. 40-60 years after it's built.
In 2021 my homeowners was $2800, 2022 $3800, 2023 $4700 then I got my 2024 bill it was $9335 !!! I called the insurances and cussed them out !!! I shopped around and got it for $3100 !!! I do live on the coast a mile from the Gulf of Mexico but these companies took advantage of folks
It amazes me how CA still has one good thing few States have... a cap on how much the City can raise Prop Tx each year. It's 2% of assessed value. My house went from $200k to $1 Million in 25 years and my prop tax is still under $3k. The 'have-nots' are trying to abolish this law (called Prop 13 out here).
Like everything else, it make little sense to finance anything, including houses. Sometimes loans are necessary, healthcare... funerals...work related moves...but most of the time we should live with what we earn.
Auto insurance is just as bad
I sure Black Rock will be buying up a bunch more houses.
My home insurance doubled 2000 to 4400 a year no claims. No weather problems. Such BS
Well go see what you owe on the mortgage see if they're charging for replacement costs and telling him you're only insuring it for what's on the mortgage.
DONT FORGET!! You can dispute your taxes with the county you live in. I've disputed mine and created a relationship with my county auditors. If there's any home improvements needed, GET A QUOTE and submit it!! Taxes continue to rise because less than 20% of homeowners dispute this. I dropped my mortgage for all of 2024 down almost $400 a month. Going into 2025, yes, taxes went up a bit, but only increased my mortgage $40 a month. You can make a difference.
Auto insurance
Home insurance or rental insurance
Medical insurance all mandatory who has money left after insurance payments? 😮
Welcome to fascist USA, Mussolini style! Some call it corporatism. And we thought we had a representative govt. LOL!
Me
Govt wants to get rid of homeownership
Fixed.... Oligarchs want to
Just vote no!
DT is going to fix it all right….! This has nothing to with who’s in the White House folks.
The CPI doesn't include taxes period.
We needed a depression in 2009. Instead we got debt supporting the banksters. The FDIC would have protected individuals up to 250k. Wealth inequality would have been dramatically reduced. The wealthy should be forced to file bankruptcy when their rent seeking is rebuffed.
I have a 3.25% mortgage and my taxes and insurance are 50% of my payment. I live in a highly taxed blue state. 😢
An independent study by Georgia State University in the 1980's deduced that if Jackson- Hartsville Airport and vendors were managed by city employees, advalorim taxes would be nonexistent. However, vendor contracts are given to individuals that have contributed to the campaigns of the mayoral candidates. Billions of revenue go to the private sector and not the city of Atlanta as a result. Corruption at its finest!
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 our 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 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
The problem with tax, is the people that are in charge of the money that taxpayers pay.....they want to buy things that have no business being purchased, that have no long term value. Technology is something that taxpayers cannot keep up with, and counties and cities cant wait to purchase the latest and greatest.....and eagerly just retire their latest purchases and grab for more....why....they seem to think that there will never be an end to th amount of tax that you as a home owner can absorb....news flash.....there is a limit....voting dosent seem to make a difference....once they join the circus, they too become clowns.
How many are going to lose the homes because they qualified when they purchased, but government and corporate greed will put your payment out of reach.
High prop tax in blues cities, that is no surprise. But what did you expect when you made mold into a "thing"? A home owner see's a few spots on their bathroom wall and they get a new bathroom for it. Or a few planks of flooring get wet in the kitchen and the whole house floor gets replaced. The Mold remediation business is quite lucrative for a reason. They get away with way too much. 30 years as a contractor and I've seen plenty of reasons why insurance rates should be high.
End the flipper and investor epidemic
It's not that they didn't know they are just lying as usual
Rent in apartments was 890 with trump now four year later rent is at 1600 in April.
Who is President has nothing to do with rents. You'll learn
$3200 after tariffs of trumpas! 🤣
The excuse to raise rents was the Covid.
Property tax (along with inflated healthcare and education costs) is one of the "hidden taxes" of living in the US. Local Gov has become overly reliant on property taxes and because it is hidden in your escrow, most people aren't aware of how much they are paying. People complain about the tax rate in Europe but what they don't understand is that when you add up all the hidden taxes in the US, you are likely paying more.
This guy is an idiot, lol climate change related….😂
It doesn’t matter either way, nothing belongs to anyone. You are renting in the end.
Good Gawd no your not....
This is insane its gone wild insurance robbery. Rental investment are no longer a great investment
And property taxes just went up.
@@Jjjj-yb6fo PROPERTY TAX IS EXTORTION
You will own nothing, and you will be happy....
It's happening. More people need to pay attention with what's going on and their agenda.
And you're full of crap so you can keep thinking that way and you be happy because I own and I am very happy.
Yep, my house payment just went up 100.00 due to homeowners and real estate tax hikes.
Thanks for continuing updates and for keeping us financially Educated! Regardless of how bad it gets on the economy, I'd rather trade the crypto market as it's more profitable than holding. I made a Hundred thousand dollars from trading last year even though I barely trade myself.
I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please.
Ms Telisha Wolfson was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Telisha Wolfson
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional .
She is my family's personal broker and also a personal broker in many families I'm United State, she's a licensed broker and a FINRA AGENT in United states
I Started with 5,000$ and Withdrew profits
89,000$
A lot of pandemic home sellers wanted more, more, more! People and investors bidding up houses to unrealistic values. RE agents wanted more to inflate their commissions, and everyone with their hand in the market was on a sugar high. Of course, increased taxes and insurance will follow suit. What did you expect?
Strongly Agree 💯💯💯
We always hear about it affecting young people who are just starting out. Yes, it's definitely hurting them, but it really is destroying all of us in all age brackets. One of the fastest growing demos of homeless are the elderly who cannot afford the ever exhortant property taxes, skyrocketing insurance, and ridiculously increasing HOA fees if they live in one of those many places. And that doesn't even address the ever increasing utilities we all have to pay. All of us, in all age groups are being gutted!
Too bad all these idiots will just keep blaming boomers
Never sell your Bitcoin
Ya let them steal it...
I took profits recently. I still own half. Can't lose money on it though.
Get cheaper insurance by around and getting a higher deductible. Always protest your tax appraisal every year.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, Middle East crisis-how many crises can one handle? As I approach retirement with a comfortable few million, I’m nervous about a potential market crisis but also want to capitalize on a possible correction. Where should I focus to best grow my money?
Diversify… I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
working with a. fiduciary advisor has been a huge help in managing market uncertainty. Their advise on risk management and hedging has played a key role in growing my retirement savings to nearly a million. I've learned how to diversify, manage risk, and adjust to market changes. Thanks to their guidance, i feel more confident about my financial future.
Can i get a recommendation on who you are working with?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Why is a home taxed if you already own it? IMO the insurance "industry " is a huge scam. They produce nothing, yet leech off the labor of others.
This is why California is awesome. Property taxes hardly change.
Ca is definately not awesome. You understand the mass exodus that has went on there
@@hardybuzz3592 Completely overblown by the media. California is doing great.
@@hardybuzz3592 Enjoy your Taxes!
Property taxes in other states arent even that high. Maybe for income levels, but not actually that high.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same i met Joyce kim last year for the first time at a conference in Wilshire after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
It's gonna be a tough Decade for the Housing Market.
Hopefully mass deportations will take demand away from housing market. There’s 3-4 families living in single apartments/homes.
HOUSE, not HOME. Learn the difference.
With the rising costs of living and unexpected expenses, I agree with y'all
climate change.......really dude