You'll Never Have To Pay This Again
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- Опубликовано: 5 сен 2024
- Certain cities in California keep extending the rent moratoriums on people who are not paying their rent to the point where it has been roughly 3 years in some cases that rent has gone unpaid and just in Los Angeles alone it is estimated that tenants are behind roughly 1 billion dollars in rent. Meanwhile in Atlanta the Georgia the sheriffs department is actively evicted about 200 tenants per week and are 3 months behind on serving notices.
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HIGH Insurance CRUSHING DREAMS Of Home Ownership ruclips.net/video/KToayWobj7Q/видео.html
I realize tht. But, Michael, I'm not buying tomorrow, I don't think, strange things do happen to me. One-minute, I owe rent money, the next I have it. one minute I own $547. in electric, about to shut off, the next, two weeks later i have a credit of -485. through honest help and my financial brains. How about a year from today, after I get my computer position in two months......??. and clear my credit. Buying a home in< L>A>.Cali/> isn't crushing my dreams.😎😎
widowed and very savey financially,worked for EF HUTTON BOARD OF TRADE CHICAGO UNDER AUTHOR ANDERSON THE THIRD your on it micheal and this ones gonna hit the MOON GOD BLESS YA ,im in NWI want to be in FL.hopefully I can sell my home in WHITING IN.before THE GREAT CRASH whiting is still in demand because everyone is keeping Chi town keep up the great work
its leaving CHI TOWN
I'm in the UK & the whole world has gone nuts, usless governments worldwide.
No kidding!
I'm in Pittsburgh PA and I'm getting out of landlording and selling my properties. The decay of basic morals has made it seem like noone doesn't have a criminal background. I'm over it. I don't need the stress and the hastle. The moratorium was a Shit Show.😅
The govt mandated moratoriums are so wrong on many levels. It is like telling businesses that they need to give away their products for free to anyone that wants the products. This is insane.
What world is this
Yes, this is insane, but these are the facts. Right?
Communism. Coming to a Democrat-run city near you.
hard to believe those old dumpy homes would be selling for that much. Every place in Florida seems to be priced double its real worth.
You said it man!
I just can't do it. Our children are all adults and the baby is 16. I'd rather stay in a luxury apartment.
What right did government ever have to give tenants permission to stop paying rent? The entire covid situation was one giant overstep of government. I hope that we all learned something from that.
What the governments did is illegal they did not have the right to implement rent moratorium’s. The Globalist’s a gender is to destroy America which would make it much easier for them to bring in their evil and satanic new world order.
Yup, US constitution protects the right of contracts. Can’t just wave a wand and have those terms nullified.
Bro, inflation has gone up 20% in the last year easily, some items are 35% higher. Let's get real, the government lies to us constantly.
32 Oz block of cheese. Was 4.49 a year or 2 ago, Then 5.99 then 6.99 and now it's 8.00.
They only lie - never give accurate facts or tell the truth.
My brothers new Ford truck was 88K and his car payment is $1200 a month for 7 years… make it stop. Let me outta the matrix
Eggs were $3.99 now $9.99!
Stop lying
I'm born in California I'm 61 now and the politics here is crazy! Renter has more rights than the owner! One third of this state is on EBT insanity 🤔
Communism.
Mike.. I lost my job last year in September of 2022 from Westcor and was there over 7.5 years. It took me 9 weeks to find a job and started a new job on November 30, 2022. I am getting laid off again . My last day is May 31. The budget is not there for me . I am back to the drawing board. My last check will be June 7. My 59th birthday is June 8. No celebration for me
HAHAHAHAHAA, MIKE!!! “I’m not going to be walking through the hood just for some stupid RUclips video.” That line was hilarious and priceless! You were AWESOME today!!
Haha its the truth! Not worth it
I got a good chuckle when he said that.
I laughed when $420k was called affordable, but I get it compared to South Florida prices. I moved from Miami to Alabama in March & the decision feels better & better each day. Just bought my first home, $130k for 2300SF! I guess I’ll just be a Miami tourist from now on 😢👍🏾
Wow that price is amazing congratulations
i am going to be outta here soon as well. Will not be going back either. congrats
I thought the same thing when I heard 420k. Congrats on your purchase.
I'm planning on leaving as well. Just saving and waiting for things to crack
I'm here on the Ms. coast and was like that before the pandemic. Now Ca. Tx. Fl. plates everywhere, and Ca. couple just paid $150k over price as it was a new remodel. The locals can't afford it here now, they just tore down the trailer park for new housing. Big black SUVS everywhere, more traffic, aggressive drivers, crime....wooo hooo. I think we may have a boom town also!! Where do the poor go when priced out of Mississippi.?
My friends were renting a 570 SF apartment in Miami for $1300.00 a month in 2021. They moved to the metro Atlanta area in January, 2022 and now rent out my newly renovated 1,038 SF basement apartment for $650.00 a month (including utilities). They have their own private driveway, garage, covered porch and a small fenced-in yard. They are loving it, and as a recent widow I’m grateful to have friends nearby.
Yes Fla is going to have issues with cost/benefit
1300$ apartments in Miami? That is actually very cheap
Thanks for keeping your place affordable. ❤ My sister upped her rent from $850 to $1,500 last year.
Atlanta though 🤮😜😂
@@andreaberryman5354 I’m happy to! They’re like family to me.
I was in a CE class last year and there was an owner of a leasing company there. He told me a story of an eviction case where the tenant owed three months back rent and refused to pay. Twenty years later guess who calls him up wanting to clear up the debt. This former tenant tried to get a mortgage and he was told it's a no go until he cleared up the lien he had from twenty years ago.
I hope he charged him interest
Yes that's the Way it works.BONE Him..😁😁😁
20 years, wow!! Karma never forgets...
Idk if I believe that. That kind of debt doesn't follow anyone for 20 yrs
@@MAfanwoods37 Court ordered judgements don't expire unless you get the court to drop it. The court gets a piece of the judgement, so they'll hold on to that for as long as it takes.
350K homes are still out of reach for 80% of Americans..You have to be earning minimum 90K/year to afford a house in this range and not a lot folks earn it.
Your so right. I’m a 100% disabled Vet. I have no chance of home ownership anymore. Sad for me and my kids…
You are NOT making, "stupid RUclips videos"!! Your videos are very knowledgeable and smart!!!
I know I'm not saying my videos are stupid. I'm saying it would be stupid to do something dangerous just for a video. It really didn't come out right
You wait until student loans are due again in September. The avg student loan pmt is 400 bucks… watch all these borrowers all of a sudden feel like they got another car payment out of “thin air” …
The story they give is they don't want more homelessness. The truth is they want the owners to lose ownership and then they're all possibly homeless.
You spend $1680 per month on maintenance? Jesus.
I'm spending about $380 here but we just have winter to deal with. We don't get heavy rain or storms.
Michael, I'm on your side. But what are we going to do with all the evicted people? here in St. Pete the homelessness is already getting out of control....
I think we should definitely have temporary housing designated for homeless they could even turn the old shopping centers or businesses that are not occupied into things like that so people don't have to be on the street. But of course it has to be temporary and if you're in there, you have to be on a path to get back on track. In California a lot of them are crazy and or drug addicts, and do not comply with these sort of things.
Hey Michael, I live in South Venice. The house is two blocks from me lol. It should cost 250k, not 420k. Still overpriced
No. The market has agreed the price to live in Florida has gone up 1000s coming to the state for a reason.
Most homes for sale in Venice are a flip . Its a bad time to buy anything
I hear you!
if you save up enough money by not paying rent you can buy the landlords property in foreclosure.
Capitalism or law of the jungle; take a pick...
I'll bet some of them will
@@MichaelBordenaro how else does one get rich in America? You have to bend the rules to your advantage and be ruthless.
I would be hiring the local gang to keep breaking into the Non paying Tennent , robbing them and breaking doors and stealing their stuff ....
Make friends with the local motorcycle group. Hire them as eviction officers.
U sound pleasant.
@@kq2799 if someone was living in my house for 3 years, and not paying the rent. That would be the most pleasant thing I could do, to send them on their way, at this point. 🤗
Have property but don't even consider renting it for these exact reasons.
I don’t blame you!!!
OH my Judy-cousin lives in Venice, and has been there for almost a decade from the State Of Maine. She’s not going to move an inch. That’s a fine place to live.
The criteria to rent in Cali is going to be so crazy after this. You may as well buy a home or move because landlords won’t let this happen again. This is insanity. Just cut your losses and move if you can’t pay. Sad.
Requirements for renting.. in 2018 I needed to relocate to a user friendly place.. husband had Alzheimer's. I had talked to a apartment manager near us about a ground level unit. I left the paper at home so I stopped in the office for another. The office was jammed. She saw me and yelled.. unless you have a annual income of $65,000 or more don't bother applying for a unit.. I really didn't want to have an apartment because I didn't want to share walls with people so I bought a manufactured house instead. Lol . I cannot imagine how hard it is going to be for people to find "affordable" housing now.
In my opinion the jurisdiction that created the moratorium and prevents the eviction has essentially taken possession of the land and should be on the hook for just compensation.
The result is just as bad. Low income rentals now requiring 720+ credit score to apply, my current property company now requires 680+ score. I wouldnt qualify for my own unit and. I have paid rent on time for 7 years straight here.
In CA, it can take a year to evict someone. The government offers free advice to tenants on how to avoid evictions. All paid for by the taxpayer.
People in CA have to be brain-dead not to know they're voluntarily living in a tyrannical Communist state owned by the CCP.
Why anyone would want to be a landlord in these times is beyond me. All the leverage goes to the renter. Completed BS. That is why I will never step foot in that cesspool they call California.
I was getting ready to turn two acres and two mobiles into rental property. No, I dont have thirty thousand plus sitting in the bank to cover people who do not want to pay rent and eviction costs. I would not of hesitated ten years ago and I even rented out before. The caliber of people and the advantages they have is not feasible on my tier.
@@MS-st1zb I agree 100 percent.
Guess you can slumlord in the other 49...
Landlord friendly states are easier to evict that's where you invest... Tenant friendly states will be much harder don't invest in those states
Its super rough for sure. They might have to invest their capital in something productive to the economy instead of rent seeking. Trade in hiring illegals to paint over a light switch for the 200th time for a mechanical engineering degree, maybe become a doctor or construction worker?
All those evicted tenants will be renting motels, they have $39 daily rate hotels and section 8 will assist them
Lesson...do NOT be a landlord in California right now!
If the families living free off a landlord should have to show their taxes to prove they haven't worked
Venice has a Homeless Problem, The Camp at 41 and Jacaranda
has 6 Child Predators
😞 Frank that is awful
All of FL has a homeless problem....whole USA too for that matter.
@@kargs5krun It's really the truth al 😞
It's awful and an epidemic in my opinion.
Where are they living? Behind the CVS?
@@kargs5krun all those homeless people but yet our president keeps giving ukraine billions of dollars
I believe in Portland Oregon, landlords are not allowed to refuse to rent to people with criminal records. I would suggest that we will see increasing restrictions on what landlords are permitted to know or consider about renting their properties to prospective tenants.
Hard times produce hard people. Hard people produce good times. Good times produce soft people. Soft people produce bad times
We are moving now out of good times and going to bad times. So rejoice!
We are growing stronger
I grew up a few streets over on Hobart Rd. At the time there was only 3 homes on our road and the majority of the roads were unpaved (shell rock). Incidentally, my folks paid $17,000 for a new 3/2 in 1970. It was mini bike and dirt bike heaven. Make sure you take the ferry over to South Venice Beach.
80.4k you're getting there bro. Man on fire. Great info again. Thx
We're getting there !
Wow Michael! A street looks so different without all the palm trees and greenery around. Almost like it's not as pretty even though it appears clean.
Less tropical in Venice
My Electric alone went up a Grand! This is totally Ridiculous.
So if a Landlord lets it go back to the Bank then the Bank cannot evict either?
Bank will throw tenant Tyrone and Sharkeisha out within 5minutes of property takeover, don’t get a wrong idea.
I would think not
If I was homeless I would go to San Francisco. Don't have to pay rent & can walk out of store with less than $1000 of merchandise without being charged of a crime.
Hi Michael. I hope you’re day, I guess night by now.
The point you make about San Francisco is part of the reason you continue to see prices by you go higher. From what I’ve been reading a lot of
landlords are considering different states to go to and get out of the states where the laws are out of hand.
They’re also targeting states with no state income tax. Living in Vegas I worry all the Californians will move here and then lobby to make our laws more like them.
Omg those poor landlords... absolutely rediculous
I feel like FOMO has alot more power than The Fed at this point.
Dumb money buys at the top
It sure seems that way
How is anyone support to feel supported by gov't and lawmakers when they are doing things like this to citizens? It is utterly mind boggling. Imagine you have a rental property with a mortgage. Of course, there are all the other carrying costs involved. Depending on where you live, a tenant can live in your rental property WITHOUT PAYING A DIME...AND...HAVE A PET WHEN IT SAYS, "NO PETS" IN THE LEASE...AND...HAVE MORE PEOPLE LIVING THERE THAN ARE PERMITTED BY THE LEASE (USING MORE UTILITIES THAN ONE PERSON)...AND...THERE'S NOT A DAMN THING YOU CAN DO ABOUT IT!!!
The government hates us
You literally were walking a minute from a home I sold for 392k in 2022!
Bought it for 224k in 2020. No capital gains tax cause I lived there!
What a coincidence. I loved that neighborhood.
One of the main reasons why seniors like me are unable to get affordable housing. Facing homelessness as landlord sold the house and new owner wants me out. Never not paid my rent and realty corps not helpful at all
This neighborhood is a very good example of a typical nice Non HOA neighborhood. notice the lack of sidewalks and the uniform landscaping maintenance , The diversity of attention and care and design . I live in a HOA in Southeast Florida east of 95. There is a non HOA community close by....It looks very similar, the home value are $700K or more. Moving to Florida in 2023 . everything now is over priced .and the COL has almost doubled Florida is not the affordable option is was even 2 years ago,
buying a car every ten years is funny, im sure it has slowed, but just in my personal experience most people I know switch cars every 2-5 years. I sold cars a few years back and the amount of people that traded cars every 1-3 years was astounding, granted rates were very low at that time and car prices were basically opposite of today
I'm one of those that you speak of 😆.
That's interesting, because most people I know do not switch cars that often. Were these people just constantly rolling over the debt into the new car? Average negative equity of trade-ins was $5,300 in Q4 22. Average new car price is close to $50,000, and credit is tightening. Not the best conditions for taking on more debt.
@@computron5824 mind you I got out of car sales about 4-5 years ago now but when I was selling 90+% of my deals were trade-ins that had current loans still, most loans were 6 year loans, the others were no trade in and then a few here and there were paid off trade-ins. Lots of negative equity rollover and also car prices were cheaper then as were rates
The question is ; why they choose to become a landlord in the first place ? ...
Anything that has to do with housing ; is consider - Social Entrepreneurship - which falls directly into government regulation .
Why will you invest into a house for someone else to live in ? ...
Introspection and reflection ... what is driving them , providing shelter or profiteering from people shelters needs .
we are just beggining to see what happens when u close an economy and leave so called essentials open, this is the beggining of the end
I predict an even worse housing shortage coming. I was a landlord & won't be again. It is a business, not a charity. Who, in their right mind, would want to go into the landlord business with all the government interference? If I was a landlord, I'd sell the property as soon as I could. One less rental available in the market.
I am in MN. Same government crap here.
This is my favorite location so far! Thank you for taking us along!
No-sidewalk Florida neighborhoods are a usual indicator of lower-cost homes. Just saying.
I live in a gated country club community here in FLA with no sidewalks. Just sayin'...
@@jkmarshall3553 And "gated" does not mean as much anymore. Just noting.
@@jkmarshall3553 What do you expect; it's the Villages...
Easier to park the pickup on the lawn that way...
I live on Island circle in Siesta Key Florida no sidewalks my home is $1.5 million
A coworkers father was a landlord back when the Shah fell in Iran back in the 70s. The Revolutionary guard said rent was optional. They paid people to leave. They swapped names, so the nonpayers had no where to go.
I left California the beginning of last year. That place is as backwards as it gets and the trajectory only points one way for the next 25 years. Down down down
It’s going to end up as third world hell hole
I got out in 2004... thought the same thing then. LOL!
why are the wealthy so happy to live there?
Interesting content and seeing a more working class area shows the difference with in a relatively short distance in a single state.
It's a whole different world over here compared to Miami
@@MichaelBordenaro indeed it is! I prefer New Smyrna Beach.
If you are a renter in California that has chosen to stop paying and are smart, you would save the money you were spending on rent to pay off debt or save it for a down payment for a house. Once you have a sizeable down-payment saved, dip out of the rental and buy a house!
And we will pay extra mortgage expenses for his bad credit!
Great scheme. 👍 Too bad these people are too stupid to realize that fact, and have probably spent that $$$ on bling, weed and bud light! 😂
You owe that landlord indefinitely via lein, and it goes on your credit report until it is paid off, preventing you from renting elsewhere or obtaining a mortgage-regardless of any moritorium bs. So no-you aren't 'saving' it.
People aren't that smart with their money.
My stepsister and her hubby are there right now! Just got there yesterday for two weeks. (They are full time RV'ers.) Such a nice area!
Yep, there are several RV parks around here. One was right across the street from this neighborhood.
Very unfair for landlords. People and the gov forget tha landlords have expenses on the properties and do not qualify for most gov help programs. Taking people to a corrupt court system is also very unfair too.
Your vids are really good. Thanks for doing them.
Nothing costs 5% more. Everything has doubled in price, literally everything!
"The hood"....😂😂😂 be safe.
A few things are wrong with respect to the eviction ban in California. First, the state ended its eviction ban on June 30, 2022. Second, any extensions are city by city or county by county. San Francisco City extended its eviction ban until June 30, 2023. Many counties/cities did not go beyond the state eviction ban.
Don't let them FAcTs get in the way of a good utube cali-bash...
Court Date 2050 😁😁😁😁😁
That's pretty much what I said in the video we were focusing on LA and San Francisco
Hi Michael, your points are well taken with regards to rules being "temporarily" made for one thing, and then being justified for another. The other extremely unfortunate and sad reality of the situation is that I believe these cities such as Los Angeles are also looking at people who are about to become PERMANENTLY homeless. Once the vast majority of them actually do get evicted, they are looking at a situation in which nobody would really want to rent to them even if they HAD the money due to the fact that they already have the blemish of not paying their rent carrying forward. And those are the lucky ones. So we are really looking at people who are going to join the EVER GROWING population of homeless lifers of which very little other than tragedy awaits. Perhaps you could say it is a tragedy for both parties. Still, I would rather be a landlord with a roof over my head, than a tenant living under somebody else's roof staring at a possible lifetime of homelessness ahead.
Whenever the government gets involved in trying to fix housing, it makes things worse. If CA is going to comtinue their insanity in so many things, It's only going to keep getting worse there.
Good points. Very sad situation.
The seasonal job market will carry the economy for the 100 days of summer, then the recession lag hits the job market going into the fall and winter months, that's when unemployment and job loss will rise significantly.
I think so, too
Michael here in LA u ha e to pay the tenants to get out.and if they have any disabilities or kids with adjd or anything like thst they ha e another year. I ha e a friend who hasn't paid rent in 3 years it's sickening .I can't talk to her anymore.
I would not worry about her. She must be a low life without any moral standards.
I don't know how people can sleep at night like that
Love Venice FL! Thanks for taking us along.
I need my mayonnaise!😅 All good points that you are talking about and majority of people including our household are not buying anything we don’t need and not going out as much. Very realistic but bleak future for many people. It is extremely sad. We need a government that will take care of all its people . Mankind has never achieved this.
that's a huge jump $82,000 all the way up to $400,000+ . Just like the homes in this region , went from
$180K all the way up to $450K + . How crazy is that !!! Just a bunch of Simple Homes.
Affordable homes would me more like $70,000 aka fixer upper , but after you put several thousands of dollars,
it would be very pretty and raise the price up to $160K . ( example only ) .
I wish that the City/County of San Francisco would at least subsidize the landlords while they still have this crazy eviction law in place.
I grew up in SF. Will never buy real estate there. Not even interested in living in the city anymore. Not a good place to raise kids.
Really, what right did the government have to say….hey, tenants, don’t pay your rent? They never had the right to do that. If I were still a landlord, I would be beside myself.
Lots of problems with no end in sight.
You're right, we all need to be prepared - savings, cut costs, adapt, gold, and so on.
Turning housing into a speculative investment instead of a basic human need is the root of all these problems.
I have a hard time feeling bad for land lords when “rent seeking behavior” is the definition of non-useful non-work.
These rules are dumb and incompetent, but only because the situation is even more dumb.
I heard commercial property will convert to low income housing......ugh !!
The founding fathers said this would happen if we let private banks run the show
Crazy what is happening in CA, clearly some people are taking advantage but don't landlords get lots of write-off? like the property , expenses, etc. Thanks for the new location but prices are still high.
Hi Michael. A Wholefoods is coming to Viera, Brevard Co. I worked for them, so I know this means the area is hot! I will bet a Apple Store is next. That’s my tip.
It sure does mean that!
Did you see the little gator in the lake around minute 4?
No I didn't see one, I was looking for them, still didn't see a gator this whole trip
I'd sell my property to get out of that situation !!
Good luck, selling it who wants to inherit a deadbeat tenant that's not paying
@@MichaelBordenaro True
Nice work, I like it. Definately a boots on the ground guy. Thanks for watching for the viewers and keep in coming!
The increase in prices is more like 50% for lots of items, not 5%
Ppl are living together...bigger families in homes..
The problem with these prices are way to high for us who are still making the same amount of money yearly as we did 3 years ago ! As a bartender on siesta key I’m still making the same as I did 3 years ago 😮 People aren’t tipping more so for us service people making 50k 60k 70k a year we can’t afford these high prices of homes especially at 7 percent ! It’s insane ! We need either interest rates to come down or housing to come way down !
I know
This comment is for sweet Miss Lisi 💗
Wow, you all are still in Venice? Good for you both🙂
I hope you and Michael had so much fun and relaxation. You've got a good guy there 🤗
Thank you I'm sure she'll see it
The sherif could deputize a contractor who does evictions for a fee.
for a young guy, you are so right!! :) keep up the great videos!
Another day, another dose of reality. Venice looks nice. I still favor Ocala. If I got a windfall it would be the Villages (Marketplace). Really dug your Villages video series.
Ocala definitely the cheapest option even today
I like that I can watch you without a bunch of cars parked in the road and people racing up and down. nice neighborhood!!
Eviction moratoriums are BS. What they should have done is use government funds for renter assistance. They didn't use (what they feel is) THEIR MONEY, they just passed a law so landlords got screwed out of income. They wanted to keep the taxpayer money themselves for their pet projects and boondoggles.
Simply can't do any kind of business in CA.
I hope the mass exodus continues and bankrupts the entire state!!!
Sarasota is one of hottest housing markets in the country. Has been for years before covid.
You provide surprisingly good information. Good video.
Regarding inflation…..in our area in N. FL a lb. of deli Ham is now around $12.99/lb. and a lb. of Bologna is $8.99/lb. I don’t know how families are making ends meet right now?🤪 My advice is to become debt-free and stash some cash so you can weather these storms. 😀
We are so lucky to live on Florida. If anyone from California or New York is watching this video, learn from your mistakes....
Its not as perfect as the politicians tell.Not cheap anymore
Ha ha. Homelessness is coming to your backyard real soon… you’ll soon be the new California.
With all this it seems weird that we have people at the southern border knocking down the door, trying to get a piece of the pie
The pie they're escaping actually looks better than what they think they'll be getting here.
Did the brown people take your job yet?
Pie? We ain't got no stinking pie
I used to live at Newport Bluffs in Newport Beach. It was one of the many properties owned by the Irvine Company. Very affordable considering that it was minutes from Fashion Island and the PCH and has been compared to a 5 star resort w/ amenities. It also wins Best of Orange County when it comes to luxury apartments. I loved it. I can't imagine tenants there refusing to pay rent. There are hundreds that live there in just that one property. Rents pay for the upkeep of the grounds, pools, roads, etc. When tenants stop paying, wherever they are, that stops too so what you have is a run down property. Of course the reason the Irvine Company probably gets THEIR tenants to pay, with privilege I might add, is because Bren, who owns all of this, supports Democrat Dianne Feinstein, who he calls "a great senator for California." If a tenant didn't pay, I'm sure Bren could get the case pushed to the top in the court system. Just sayin'.
😂 at Warren Buffet being 150 years old
😄
Way overpriced neighborhood. Don't buy anything this year folks.