@@davemettI saw a middle-age man eating his dinner from a cook pot while seated behind the wheel of his pickup truck camper (with out of state plates) here at a Home Depot in Florida. He had all manner of gas cans and miscellaneous equipment strapped to the back of his vehicle. Not bull. Just sad.
Former CA resident here... As to the question: 'what are they doing with the property tax revenues in CA..?" I suspect a big part of the answer is: They are draining tax proceeds from the municipal operating budgets, and diverting it to fund the lavish civil service pensions...
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
I would be happy to hire someone with a good reputation. How can I locate and thoroughly check them? We started thinking about the concept because we have a family lawyer who has periodically mentioned fiduciaries and we know how valuable they are.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
It’s not really greed. It’s desperation. Instead of tightening their belt, people are turning to fraud and petty crimes. And it starts from the top-the elites. Do you understand what bankers have taken from us by their fraud and theft? So at some level don’t blame the common folk for getting in on the action too. It’s immoral and a sin, but I understand why they are doing it and how they probably rationalize it.
How can we investigate and trust what they even say the reserves are going to and the random assessment fees. They make these HOA meetings purposefully at 4 pm On Fridays while everyone is at work it’s always if I say 5 people besides the HOA board is a lot last meeting it was only 3 of us there
I owned a condo once, the yearly owner meeting with the financials never made sense or added up and we weren't allowed to question the discrepancies, it was a joke. Greed has killed the country
The landscaping fees are ridiculous alone,,Give me a rake and some pruners and I’ll keep care of a plot around my unit are you gonna pay for some company tell him to plant cactus in tumbleweeds
Has there ever been a country in history where people haven’t been greedy? If everyone was just content with what they had, we wouldn’t have the internet or platform to complain about it.
There is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Abby Joseph Cohen Services but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@JobanyMilitoAbby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I used to think some parts of the government were good but in the past few years I've seen signs of major corruption in every branch of government. I'm not against a big government that helps the people but when the government only cares about big corporations the less government the better. Its a strange world we live in where someone who believes in democratic/left ideas wants a smaller government.
Went throught the same deal in Las Vegas at the Greenbriar property. Seven of the condo higher ups stole all of our monies and fled the country. This was back in the '90's. All we could do was wait to try to recover. Roofs, painting, basic maintenance took a severe hit! Took us 12 years to recover the lost funds. The neighborhood was never the same. I fled after 34 years of residency.
We have changed property management companies on my condo twice in the two years I've owned my unit. There are many shady management companies that are ripping off owners with overcharging for repairs.
@@CrowdControl123 we have turned into a banana republic. moving to a real banana republic to at least enjoy the tropical weather is a viable option now
I wonder why we in Yugoslavia never had any "property management" in buildings where we lived. Pipes were made of steel, thick as man's arm (I am now in North America. The latest I heard is they now make pipes of plastic?! Probably because they want more autism, more neurological disorders. And before plastic, they were using copper?! Thin as man's hair and in accordance to buildings "code". Between copper and plastic choose your poison). And I have never heard anybody's apartment was ever flooded. To manage what? Repair what? Concrete? Concrete lifespan is 75 to 100 years. My building in which I grew up was built in 1968 and it is still as it was 55 years ago. It even survived Clinton's bombs.
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 or 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 56.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
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
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
The tragic answer is that our government, both parties, serve the great reset and not our Republic. This must end. Keep speaking out. The rule of lies and greed must end globally. Be kind. Always. Out lies and evil. Always.
In the winter there are homeless people that will break a store window to go to jail to ride out the winter. How many will decide to go to jail because it will be too expensive to live in society.
I've always said it... If you buy a condo make sure it has no more than 15 to 20 units and with no amenities. Reason why is because the less units there are, the more your vote count for elections in case you want to change the HOA board members. If a high rise condo has 500 units then your vote is too diluted, however in a 10 unit apartment your vote is 10% which is good. No amenities like pool, sauna or fancy jacuzzi because it increases maintenance fee, emergency repair and creates opportunities for corruption from greedy property managers and board members. I wouldn't want to pay a thousand or 2 thousand for condo maintenance fee, not only is dumb but a horrible investment long term.
Lmao no.. I just stepped down as President for 40 units, no amenities. Why did I step up? Lazy members let the previous President run the show and 75k disappeared over a lawsuit he wanted to win. One large storm & claim later and our insurance cancelled, no updates for 2 decades and roofs shot. I worked my butt of setting the ship to rights but was ALWAYS the bad guy to…the LAZY members. I painted our speed bumps and did so many little things because we were broke- it’s ALWAYS someone else’s job to the squeaky wheels but it’s the memberships fault if they don’t hold the Board to their job or step up themselves 😂
Exactly Michael. Spot on. Homeowner can get sued for Someone tripping and falling in front of their house on a city sidewalk. That is absolutely insane.
I used to give painting estimates for HOA’s. They didn’t want a detailed description of the work but yet they wanted it really cheap. I gave him the best price I could because I wouldn’t negotiate. I didn’t get the job. I’m glad I didn’t.
I’ll never understand the desire of wanting to buy something, but wanting someone else to tell you what to do with it. I’ve owned multiple properties, and there is no deal on property good enough to deal with an HOA.
I've been stacking both gold and silver since 1993. On March 18, 2020, I traded all of my gold for silver and now only have silver. That trade has now tripled in value. When I traded my gold for silver, I did it private party and have avoided any and all capital gains taxes because I was smart about it. In 1993 till 2008 I was mostly stacking gold and then switched to only stacking silver but never paid more than $14.50 an ounce of silver till July of 2022 and then I started stacking silver again.
And being used to justify government debt and spending. Basically, you're being robbed out of your ability to afford a quality life. And they're okay with it as there's no consequences for them
Of overwhelmingly every public sector union member , that have an ironclad stranglehold on virtually every municipality across the nation . You can thank the 1935 National Labor Relations Act for this ongoing extortion racket .
@@bobbya51 sounds like you're upset you don't make good money... Maybe join a union and see what the fuss is about. I'm not crying about my 100k+ salary with defined benefit pension...
If you're really concerned about your HOA, the best path is to be one of their officers. That's what I did, and got to see it from a totally different perspective. That's the reason that HOAs get away with what they do. Not one wants to serve on the board.
Yeah I've wanted to serve on the board but I have a 50-60 hour a week job with a long commute and there have been a few family crisis so I really don't have the time.
@@Joce123 Well, surely, I did. But, if I didn't, I'd have made the time if it meant keeping an eye on the people who make rules regarding my neighborhood. The real kicker, is that there is never much competition for any of the positions on the board. Out of a hundred or so residence in our subdivision, we could barely scrape out the five for our HOA board. Like everything else in life, if you want something done right.......
Yeah, I gave up on caring about what Californians deal with. When they had a chance to get rid of gruesome newsome, they decided to keep him. So, they enjoy his policies, so now they can deal with it. You get what you vote for.
In Oregon when they put in sidewalks they put a tax lien on the property that has to be paid when the property changes ownership my grandparents place was sold and they had to come up with over 40k for the sidewalks
Here in the UK, we don’t pay capital gains on any amount of gold and silver, as long as it’s produced by the Royal Mint, ie Gold or Silver Britannia’s. I do wonder how long this will remain the fact though 🤔
Always I think. It's why it has an irrelevant Pound Sterling amount on it (£2 on silver, £50 on gold I believe, though correct me if I'm wrong). Because you can't tax money by law. For them to start charging tax on Britannias, they'd have to remove the legal tender status of them and mint new ones without the amount.
@@mikebravo4545silver is also the oldest money in recorded history. Even older than gold as a currency. I would take silver no questions asked, and based on that alone that means plenty of others will and would too
Cash was gold when net was down. Gas stations in Asheville had gas, but no one could get any with all their money thru card. Imagine if they get their cashless society!!!
Sadly people who do white collar crimes like fraud get sent to a different type of jail, more of a camp, get fined a couple million and able to keep the rest when hes out
Most condo boards are honest in not stealing from the dues, but many get kickbacks from the condo vendors. Since these board seats are non-earning positions, why would anyone put up with the BS serving on the board unless there was some form of remuneration?
How about ALL the condo owners be forced to take their turn on the HOA board for one year?! And how about the condo dwellers actually be required to attend at least several meetings per year??
Imagine a condo with 150 units. Each paying $2000 per month on average. That is $300000 each and every month. Now imagine all those crooks in boards contemplating ways how to steal it on continual basis. Every 10 months you get 3 million. You have no school. No job interview. You were selling watermelons in Tarkarstan or whatever. All of sudden you became a President of a corporation?! That's how Grigoris get millions in America. I say: every man is Grigori until proven he is not.
I am a realtor in San Jose. I have a listing where I told the agent that seller it offering 2%. When they made an offer, he asked for 2.5% We countered on price and commission and ended up setting on 2% to buyers agent. I know many agents are still offering and getting 2.5% but I believe that will decrease as time goes on.
Shame on this condo board that allowed this crook to take over everything. They are just as guilty for not pushing back on this shady control freak. Based on my experience as a condo board member, most unit owners cannot be bothered to attend one yearly meeting. Nobody wants to get involved but yet they will be the first to complain.
@@theone4929 The idea that a house would cost approximately 2 ounces of gold without the influence of fiat currency doesn't align with historical economic data. Gold has been a store of value for millennia, but its purchasing power relative to goods like houses has varied significantly over time due to factors like supply, demand, and economic conditions. Historical Gold Prices: In the early 20th century, under the gold standard, an ounce of gold was fixed at $20.67. Even then, the average house cost much more than $41.34 (2 ounces of gold).
I made one big mistake in the early 2002's that has cost me a fortune, I listened to an interview where the person said invest in Gold (it was around @$310 an Ounce) and I had could have afford 4-5 oz a month, but life got in the way and I did not - before I retire in 6 years as a minimum I plan to buy 1oz of gold a month, again Michale another great video!!!
Sidewalks are on a 10’ easement and accessible to the public, they are not owned by the homeowner so why should they be responsible for replacement? How is that even legal?
I used to own a duplex. I was responsible for the sidewalk. Not that I could use my “property “ any way I wanted. Cops would go by and ticket anyone parked with a single car tire on the sidewalk. If anyone is allowed to walk or play on my sidewalk, cool. But how can I be required to fix it, suffer the consequences if someone gets hurt, but I can’t say they can’t be there??? It was a small town close to a mid size city. Bloated government, basically sucking up tax dollars because they can.
I had a job that put me in court for many different types of cases. It was every week that the court calendar had law suits that dealt with HOA fees or some kind of HOA violation. These HOAs had the power, via contractual agreements, to put liens on peoples property, for various rules violations. Some petty, some more serious than others. Some of the violations were extremely petty and lots of in fighting occurred. ie; color of your front door. I made up my mind right then and there, to NEVER get involved in a piece of property that has HOA fees and rules. The enforcement is sometimes arbitrary and some people do not pay their fees. On top of that they just keep going up and you have absolutely no control.
That sidewalk rule is the way it is in many cities. I worked for the city of Portland Oregon and live in Vancouver Washington and they both have that rule.
I find those sidewalks charmy looking. Let them be. And forbid lawsuits by issuing a Putin-like decree. And problem solved. You ran and fell? And died? So did victims of Helena. Bad luck. Sue God. Business as usual. Life is too short.
I lived in Sunny Isles for a couple of years. Hearsay was that there was alot of underground Russian communities living lavish lifestyles through means of embezzlement.
So much of our country is suffering from infrastructure taxes and the money collected doesn't get put into the places it needs it. Upper class neighborhoods get all the services and lower class get nothing. Trees in the side of the road is another can of worms. So many love the trees and don't want to see them go, but there should be other trees that don't damage and fit better planted. Many trees were installed without the home owners consent, just part of the original design. Taking down a tree can cost me $6000 here in Virginia. Many neighborhoods don't hardly get sunlight because of the old growth trees that were just too big for that application.
In NZ where I come from, the seller ALWAYS pays the agent's commission. A buyer NEVER pays commission. If an agent shows a property to a potential buyer< and the buyer purchases, the seller pays the agent's commission. Anything else is just a rort designed to take as much money from property owners as possible. And if an owner wants to sell the property themselves, they are perfectly entitled to and then there is NO commission payable to anyone.
Problem is, it has to be registered. Joe Blow sells you a home with 3 acres for 20 pounds of gold at today's price. Now, the property is in his name. You need it transferred. You have to go through every motion that you do for a cash/financed sale. The gold must first be liquidated and transferred directly to the title company in U.S. dollars. THEN it is effectively the same as a cash sale.
@@rightright6582 I don't know about a specific law but you can go to your local title company and tell them they will be accepting gold for the transaction... they will tell you no, you must do the transaction in U.S. Dollars drawn on a financial institution (bank, credit union, etc). They aren't in the business of trying to determine whether your gold is salted with tungsten rods, or the incorrect weight. Your state might also not allow gold or silver to be considered legal tender.
This is correct, Minority Mindset strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
My parents had an oceanfront condo in Marco Island, FL. The condo association had a resident President that lived for free in a nice unit there, had a great salary, and free reign to do whatever he felt necessary to keep things going. The condo fees went up ten fold in short order and my folks couldn't do anything about it since the majority of owners spent money on ridiculous things, such as over a million dollars to renovate what was a perfectly beautiful lobby. IDK how why they kept the place for decades since they spent at most 2 weeks a year there, and never rented it out the rest of the time.
Yes, we sold our property with a Norway Maple pushing up the sidewalk. Tree (and sidewalk) belonged to the city; all we could do was have them come out and trim the tree as it would really snarl up the powerlines that ran through it. Now we have a home and yard with no sidewalks. And no messy maple tree!
Just like Katy Williams said 2024 is the year everyone will be exposed and I’m really enjoying it! I’ve been waiting about 4 years for my association to be cleaned out but it’s so bad nobody wants to do it.
Absolutely. I got away 32 years ago.... had to start over (long story) but have been doing well until now. With the economy imploding, we'll see. A lot of relatives are still there. Some of them regret it. Some already left.
@@gracechen513 If they have the government jobs and connections. Or inherited a load of money. Or are in the entertainment business. But many ordinary folks are stressed and finding themselves a paycheck or two away from losing their homes or being unable to pay the rent. This is compounded by the cost of living there (yes, depending on area; it's more spendy to live in Mill Valley than in Fall River Mills....) compared to the average in the USA. I've been in the Midwest for 31 years now, and it's been a lot easier to thrive.
Similar to owning a home if you don't or can't pay your ever escalating property taxes . Ultimately , the municipality you reside in " owns " the property legally . Sad , but true .
This is why people should STEER CLEAR of Condo HOAs at all costs! I lived in a condo community in CA; the Board held absolutely no reserves on the books- been siphoning off money for years. Homeowners have no control. I sold condo and moved ASAP.
Well, my grand Ms used to say” never say never” My Dad “ trust n verify” My Mom “ if the boy does not smell like gasoline, do not date the poor baster”
Did that 96 year-old woman that you mentioned in a previous video get to stay in her nursing home unit for life, despite the new investor trying to kick her out? Maybe she can just pay to fix the sidewalk in front of her home as a "compromise".
@@ebx100 Sorry ! I was just joking-she's alive and well. She's still living there, and they've decided not to kick her out. However, in the future, elderly people might be thrown out of such nursing homes, and we'll see more seniors on the streets in their underwear and without identification. That's capitalism for you; it has never had a human face. Just look at Palestine-that says it all.
I HAVE A SIMPLE/STUPID.QUESTION: How many (*Liscenced) - Middlemen are NEEDED...to ''Buy' a 'Property'. What happened to : Here is a 'bill of sale', here is the 'deed', here: it is 'recorded'? An Honest question. Ty 🙌
I've lived in a few large neighborhoods that had an HOA that were run by homeowners who volunteered their time...they got no compensation. There was never a problem with Karens or thievery.
There are a lot of people that are not interested in participating in our politics.... It's the same with small scale Board of Directors at their Place to live... I'm Secretary & no one wants my position.... Our BOD has never changed except we recently added 2 Members at Large.... In hopes they can take our place in case we can't.... Even getting residents to attend Quarterly Member Meetings... People aren't interested until they want to complain....
"I'm Living in a CAMPER TO AFFORD HOUSING IN 2024..." ruclips.net/video/xTa6iMceH6U/видео.htmlsi=5dE7L5iCEzjVaQju
BULL
I'm living in a camper & a yacht because I don't have a wife, a girlfriend or want one.
Sound noises hear it?
@@davemettI saw a middle-age man eating his dinner from a cook pot while seated behind the wheel of his pickup truck camper (with out of state plates) here at a Home Depot in Florida. He had all manner of gas cans and miscellaneous equipment strapped to the back of his vehicle. Not bull. Just sad.
Former CA resident here... As to the question: 'what are they doing with the property tax revenues in CA..?"
I suspect a big part of the answer is: They are draining tax proceeds from the municipal operating budgets, and diverting it to fund the lavish civil service pensions...
HOA stealing money is as old as HOA's.
You would think that would be an individual right at least in America you would think
You’re calling it “stealing” please elaborate.
@@rokyericksonroksJust look at the case with this guy Michael is showcasing. One example of many.
@@rokyericksonroksJust look at the case with this guy Michael is showcasing here. It's happening all over the country many times for decades.
Same thing happened here in my condo but he has never been arrested
Surrounded by crooks . From tax collectors to insurance companies,
Politicians, law enforcement and government employees.
Don't forget politicans.
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
I would be happy to hire someone with a good reputation. How can I locate and thoroughly check them? We started thinking about the concept because we have a family lawyer who has periodically mentioned fiduciaries and we know how valuable they are.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I think as time goes by, greed is going to get way worse.
Specially in this economy that money is harder to find and when you do, it evaporates quickly with all these high prices.
It’s not really greed. It’s desperation. Instead of tightening their belt, people are turning to fraud and petty crimes.
And it starts from the top-the elites. Do you understand what bankers have taken from us by their fraud and theft? So at some level don’t blame the common folk for getting in on the action too. It’s immoral and a sin, but I understand why they are doing it and how they probably rationalize it.
I know lots of greedy people that never broke the law.
It’s a downfall for great nations
How can we investigate and trust what they even say the reserves are going to and the random assessment fees. They make these HOA meetings purposefully at 4 pm
On Fridays while everyone is at work it’s always if I say 5 people besides the HOA board is a lot last meeting it was only 3 of us there
I owned a condo once, the yearly owner meeting with the financials never made sense or added up and we weren't allowed to question the discrepancies, it was a joke.
Greed has killed the country
The landscaping fees are ridiculous alone,,Give me a rake and some pruners and I’ll keep care of a plot around my unit are you gonna pay for some company tell him to plant cactus in tumbleweeds
The result of deregulation or ignoring already established laws. Capitalism, free enterprise. Government keeping its hands off business.
Has there ever been a country in history where people haven’t been greedy? If everyone was just content with what they had, we wouldn’t have the internet or platform to complain about it.
@@joshcal7370nonsense. Greed and innovation have nothing in common.
@@joshcal7370 greed is ok but crime is not.
There is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Abby Joseph Cohen Services but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@JulioMangru Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to set up an appointment.
@@LeahDLitThank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
@@JobanyMilitoAbby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Condo association is a microcosm of our government. Cause problem and the solution is give them all your rights and money.
You beat me to the punch
I used to think some parts of the government were good but in the past few years I've seen signs of major corruption in every branch of government. I'm not against a big government that helps the people but when the government only cares about big corporations the less government the better. Its a strange world we live in where someone who believes in democratic/left ideas wants a smaller government.
I’ve always wondered what kind of people are sitting there thinking “You know what I need? More oversight and less control over my property.”
💯
@@Weathernerd27. Did you know government means ( ment = mind) (govern = CONtrol) Mind CONtrol?
Thank you to our host for this outdoor walk around segment. Always appreciate your research and presentation
There’s nothing wrong with living in a camper. At least it shelters you from the elements.
Went throught the same deal in Las Vegas at the Greenbriar property. Seven of the condo higher ups stole all of our monies and fled the country. This was back in the '90's. All we could do was wait to try to recover. Roofs, painting, basic maintenance took a severe hit! Took us 12 years to recover the lost funds. The neighborhood was never the same. I fled after 34 years of residency.
We have changed property management companies on my condo twice in the two years I've owned my unit. There are many shady management companies that are ripping off owners with overcharging for repairs.
It sucks. Seems like every level of bureaucracy, business, or both has to take it's cut.
@@CrowdControl123 we have turned into a banana republic. moving to a real banana republic to at least enjoy the tropical weather is a viable option now
I wonder why we in Yugoslavia never had any "property management" in buildings where we lived. Pipes were made of steel, thick as man's arm (I am now in North America. The latest I heard is they now make pipes of plastic?! Probably because they want more autism, more neurological disorders. And before plastic, they were using copper?! Thin as man's hair and in accordance to buildings "code". Between copper and plastic choose your poison). And I have never heard anybody's apartment was ever flooded. To manage what? Repair what? Concrete? Concrete lifespan is 75 to 100 years. My building in which I grew up was built in 1968 and it is still as it was 55 years ago. It even survived Clinton's bombs.
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 or 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 56.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
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.
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing...
Great video.
You just can't trust anyone anymore.
Yes stay on top of everything.
the real crime to ask is why we can fund ukraine and israeli wars but cannot help our own hurricane victims or the hawaii victims.
Palestine Ohio , Flint Michigan. This administration puts everyone else before Americans
There is no answer to that question unless we demand change through our vote. Let’s all realize that we need to begin demanding accountability.
Because the USD is backed by international military reach. Withdrawing that reach = Venezuela on steroids
The tragic answer is that our government, both parties, serve the great reset and not our Republic. This must end. Keep speaking out. The rule of lies and greed must end globally. Be kind. Always. Out lies and evil. Always.
Check with your house representatives they are the usual roadblock.
How come some of the insurance presidents committing insurance fraud has not been arrested also?
Michael, you keep giving us the best info in your genre. 😊
In the winter there are homeless people that will break a store window to go to jail to ride out the winter. How many will decide to go to jail because it will be too expensive to live in society.
By LAW keep your hands off and trees too.
The U.S. ran out of jails and prisons to put all these scumbags years ago.
Now we open up our Borders to the rest of the world so it Stays that way, Absolutely Disgusting.
I've always said it... If you buy a condo make sure it has no more than 15 to 20 units and with no amenities.
Reason why is because the less units there are, the more your vote count for elections in case you want to change the HOA board members. If a high rise condo has 500 units then your vote is too diluted, however in a 10 unit apartment your vote is 10% which is good.
No amenities like pool, sauna or fancy jacuzzi because it increases maintenance fee, emergency repair and creates opportunities for corruption from greedy property managers and board members. I wouldn't want to pay a thousand or 2 thousand for condo maintenance fee, not only is dumb but a horrible investment long term.
Lmao no.. I just stepped down as President for 40 units, no amenities. Why did I step up? Lazy members let the previous President run the show and 75k disappeared over a lawsuit he wanted to win. One large storm & claim later and our insurance cancelled, no updates for 2 decades and roofs shot. I worked my butt of setting the ship to rights but was ALWAYS the bad guy to…the LAZY members. I painted our speed bumps and did so many little things because we were broke- it’s ALWAYS someone else’s job to the squeaky wheels but it’s the memberships fault if they don’t hold the Board to their job or step up themselves 😂
Also, buy a condo that is no more than two stories and has no elevators. Elevators are very expensive to maintain.
Until there is a big problem n some unit owners cannot afford repairs... That is the dumbest post
@@danman1287expound upon….
Exactly Michael. Spot on. Homeowner can get sued for Someone tripping and falling in front of their house on a city sidewalk. That is absolutely insane.
I used to give painting estimates for HOA’s. They didn’t want a detailed description of the work but yet they wanted it really cheap. I gave him the best price I could because I wouldn’t negotiate. I didn’t get the job. I’m glad I didn’t.
I’ll never understand the desire of wanting to buy something, but wanting someone else to tell you what to do with it. I’ve owned multiple properties, and there is no deal on property good enough to deal with an HOA.
I've been stacking both gold and silver since 1993. On March 18, 2020, I traded all of my gold for silver and now only have silver. That trade has now tripled in value. When I traded my gold for silver, I did it private party and have avoided any and all capital gains taxes because I was smart about it. In 1993 till 2008 I was mostly stacking gold and then switched to only stacking silver but never paid more than $14.50 an ounce of silver till July of 2022 and then I started stacking silver again.
The board of directors of the HOA needs to order an annual audit from a CPA firm.
All your property taxes goes towards paying pensions and salaries.
And being used to justify government debt and spending. Basically, you're being robbed out of your ability to afford a quality life. And they're okay with it as there's no consequences for them
Of overwhelmingly every public sector union member , that have an ironclad stranglehold on virtually every municipality across the nation . You can thank the 1935 National Labor Relations Act for this ongoing extortion racket .
@@bobbya51 sounds like you're upset you don't make good money... Maybe join a union and see what the fuss is about.
I'm not crying about my 100k+ salary with defined benefit pension...
@@butwhytharummaybe there’s not enough union jobs to go around
And interest on debt your local government owes - but they won’t tell you what those interest payments are.
Inflation is feds fault,with interest rate cuts the 10 year Treasury will rise causing higher borrowing costs,then causing higher inflation..... amazing....
If you're really concerned about your HOA, the best path is to be one of their officers. That's what I did, and got to see it from a totally different perspective. That's the reason that HOAs get away with what they do. Not one wants to serve on the board.
Yeah I've wanted to serve on the board but I have a 50-60 hour a week job with a long commute and there have been a few family crisis so I really don't have the time.
You speak as though somebody who has time on your hands?!!
@@Joce123 Well, surely, I did. But, if I didn't, I'd have made the time if it meant keeping an eye on the people who make rules regarding my neighborhood. The real kicker, is that there is never much competition for any of the positions on the board. Out of a hundred or so residence in our subdivision, we could barely scrape out the five for our HOA board. Like everything else in life, if you want something done right.......
As long as good people stay quiet, none of this evil will ever end. Speak out. The rule of lies must end. Be kind. Always. Out lies and. Evil. Always.
The city planted the trees watered them. Trimmed them. I would sue the city because their trees ruined the sidewalks.
Sue for what? Hurt feelings?
When jobs pay peanuts, this is the kind of behavior that you can expect.
Don't feel sorry for homeowners in San Diego. They voted for it.
Yeah, I gave up on caring about what Californians deal with. When they had a chance to get rid of gruesome newsome, they decided to keep him. So, they enjoy his policies, so now they can deal with it. You get what you vote for.
Love your videos Michael. Keep up the great work. ❤
Thank you! Will do!👋
He’s telling it like it is without the fancy Hollywood fake lights that is and script
Most condos are apathetic. Maybe 10-15 percent of owners show up to the meeting as everyone is too busy.
Fraud, theft......the way of the world. Sadness
In Oregon when they put in sidewalks they put a tax lien on the property that has to be paid when the property changes ownership my grandparents place was sold and they had to come up with over 40k for the sidewalks
They ? The buyers , sellers or the municipality . Please clarify .
@@bobbya51 the city
My uncle had to pay at closing to release the deed
America is doomed
Agh finally someone just saying it.
No, but integrity based leadership is in greatest demand.
Naah. Be a voice that helps bring back honesty, hard work and caring. Stop tolerating evil. Be kind.
Here in the UK, we don’t pay capital gains on any amount of gold and silver, as long as it’s produced by the Royal Mint, ie Gold or Silver Britannia’s. I do wonder how long this will remain the fact though 🤔
Always I think. It's why it has an irrelevant Pound Sterling amount on it (£2 on silver, £50 on gold I believe, though correct me if I'm wrong). Because you can't tax money by law. For them to start charging tax on Britannias, they'd have to remove the legal tender status of them and mint new ones without the amount.
Three of the 11 units listed for sale in the complex are "Listed by Grigori Arzoumanov
Brokered by Turnberry & Co. Inc." copied and pasted.
The storm-damaged states are using cash and silver right now because there's no infrastructure that works for credit cards or bitcoin.
cash I believe idk about silver got a link to a story about it?
@@mikebravo4545silver is also the oldest money in recorded history. Even older than gold as a currency. I would take silver no questions asked, and based on that alone that means plenty of others will and would too
Cash was gold when net was down. Gas stations in Asheville had gas,
but no one could get any with all their money thru card.
Imagine if they get their cashless society!!!
Absolutely,I love it Michael, you speak the truth.Where is that money greed💰💰💰💰💰💰
The "King of the Condo" is now the "King of the prison soap" 😳
Sadly people who do white collar crimes like fraud get sent to a different type of jail, more of a camp, get fined a couple million and able to keep the rest when hes out
😂😂😂
He is the tip of an iceberg
You wanna know what's more crooked, messed up, and broken then the sidewalks?? The local and state politicians.
This is nothing new, these crooks have been doing this for years. 😂
The money is gone and now what
Never ever buy into an HMO
Most condo boards are honest in not stealing from the dues, but many get kickbacks from the condo vendors. Since these board seats are non-earning positions, why would anyone put up with the BS serving on the board unless there was some form of remuneration?
Okay, but usually you will get what you pay for. You want something for free then expect poor quality.
How about ALL the condo owners be forced to take their turn on the HOA board for one year?! And how about the condo dwellers actually be required to attend at least several meetings per year??
Remuneration ? You mean under the table bribery .
@@bobbya51 Of course
Imagine a condo with 150 units. Each paying $2000 per month on average. That is $300000 each and every month. Now imagine all those crooks in boards contemplating ways how to steal it on continual basis. Every 10 months you get 3 million. You have no school. No job interview. You were selling watermelons in Tarkarstan or whatever. All of sudden you became a President of a corporation?! That's how Grigoris get millions in America. I say: every man is Grigori until proven he is not.
WtFark!!! If I own the sidewalk ... 😂~*
There's gonna B a Toll-Booth involved!!!!
The "Prez" was smart enough to get the money but not smart enough to buy a one-way ticket to Costa Rica ...
💥💥
They always perfectly plan the crime but completely ignore the escape plan. Typical of those types😂
I am a realtor in San Jose. I have a listing where I told the agent that seller it offering 2%. When they made an offer, he asked for 2.5% We countered on price and commission and ended up setting on 2% to buyers agent. I know many agents are still offering and getting 2.5% but I believe that will decrease as time goes on.
Wow. Sounds like the government
You are correct in comparing the price of gold per ounce to the cost of houses.
This is everywhere. It’s with the management company too!
Shame on this condo board that allowed this crook to take over everything. They are just as guilty for not pushing back on this shady control freak. Based on my experience as a condo board member, most unit owners cannot be bothered to attend one yearly meeting. Nobody wants to get involved but yet they will be the first to complain.
In other words, gold is not going up, the USD is going down.
Right. Its not a good way to show that. Everything is gold to gold collectors.
Bingo!
If you’ve been holding gold for the last 20 years, you actually lost money.
@@Maynardd😮
1990s: A house cost around 257 ounces of gold.
2024: A house costs around 193 ounces of gold.
Very few people will understand this, if the dollar was not artificially created, the actual cost of a house should be approximately 2 ounces of gold.
@@theone4929 The idea that a house would cost approximately 2 ounces of gold without the influence of fiat currency doesn't align with historical economic data. Gold has been a store of value for millennia, but its purchasing power relative to goods like houses has varied significantly over time due to factors like supply, demand, and economic conditions.
Historical Gold Prices: In the early 20th century, under the gold standard, an ounce of gold was fixed at $20.67. Even then, the average house cost much more than $41.34 (2 ounces of gold).
I made one big mistake in the early 2002's that has cost me a fortune, I listened to an interview where the person said invest in Gold (it was around @$310 an Ounce) and I had could have afford 4-5 oz a month, but life got in the way and I did not - before I retire in 6 years as a minimum I plan to buy 1oz of gold a month, again Michale another great video!!!
Too late if I may interject, I am planning to buy bitcoin when it hits 17,
I’m not surprised south Florida sunny place for shady people
Sidewalks are on a 10’ easement and accessible to the public, they are not owned by the homeowner so why should they be responsible for replacement? How is that even legal?
The LEFT came up with the Idea Get it ???
I used to own a duplex. I was responsible for the sidewalk. Not that I could use my “property “ any way I wanted. Cops would go by and ticket anyone parked with a single car tire on the sidewalk. If anyone is allowed to walk or play on my sidewalk, cool. But how can I be required to fix it, suffer the consequences if someone gets hurt, but I can’t say they can’t be there???
It was a small town close to a mid size city. Bloated government, basically sucking up tax dollars because they can.
In gated communities, the roads are private, not public. Therefore the HOA is responsible for road and sidewalk maintenance
I had a job that put me in court for many different types of cases. It was every week that the court calendar had law suits that dealt with HOA fees or some kind of HOA violation. These HOAs had the power, via contractual agreements, to put liens on peoples property, for various rules violations. Some petty, some more serious than others. Some of the violations were extremely petty and lots of in fighting occurred. ie; color of your front door. I made up my mind right then and there, to NEVER get involved in a piece of property that has HOA fees and rules. The enforcement is sometimes arbitrary and some people do not pay their fees. On top of that they just keep going up and you have absolutely no control.
Fantastic analysis !!
Thank you Sir
Fantastic discussion
Thanks Mike
Thank you for uncovering what they're & trying to do to us!
- 00:05 seconds in
Another good one Michael 🎉
That sidewalk rule is the way it is in many cities. I worked for the city of Portland Oregon and live in Vancouver Washington and they both have that rule.
I find those sidewalks charmy looking. Let them be. And forbid lawsuits by issuing a Putin-like decree. And problem solved. You ran and fell? And died? So did victims of Helena. Bad luck. Sue God. Business as usual. Life is too short.
Hotel housekeepers stole a 10 gram platinum bar out of my wallet last week when I was out of town for work…
That is on you
@@talusranch990 i shouldn’t have left it, but they certainly shouldn’t have gone through my shit and stole it either….
@@talusranch990 guess next time you leave your house and somebody ransacks you for everything oh well, that’s on you right?
@@shanejones578 were the house keepers in the hotel or at your house
Love that joke with de sopranos 😂😅😂!!
I lived in Sunny Isles for a couple of years. Hearsay was that there was alot of underground Russian communities living lavish lifestyles through means of embezzlement.
So much of our country is suffering from infrastructure taxes and the money collected doesn't get put into the places it needs it.
Upper class neighborhoods get all the services and lower class get nothing.
Trees in the side of the road is another can of worms. So many love the trees and don't want to see them go, but there should be other trees that don't damage and fit better planted.
Many trees were installed without the home owners consent, just part of the original design.
Taking down a tree can cost me $6000 here in Virginia.
Many neighborhoods don't hardly get sunlight because of the old growth trees that were just too big for that application.
In NZ where I come from, the seller ALWAYS pays the agent's commission. A buyer NEVER pays commission. If an agent shows a property to a potential buyer< and the buyer purchases, the seller pays the agent's commission. Anything else is just a rort designed to take as much money from property owners as possible. And if an owner wants to sell the property themselves, they are perfectly entitled to and then there is NO commission payable to anyone.
If you trade gold for property it’s not a sale. Saves a ton of value. Why would anyone report a gold sale in the first place?
Gold IRAs. They make no sense. Holding gold but meeting reporting requirements destroys the stealth aspect of PM ownership..
Problem is, it has to be registered. Joe Blow sells you a home with 3 acres for 20 pounds of gold at today's price. Now, the property is in his name. You need it transferred. You have to go through every motion that you do for a cash/financed sale. The gold must first be liquidated and transferred directly to the title company in U.S. dollars. THEN it is effectively the same as a cash sale.
@@petuniasevanwhat law says the the gold needs to be liquidated?
@@rightright6582 I don't know about a specific law but you can go to your local title company and tell them they will be accepting gold for the transaction... they will tell you no, you must do the transaction in U.S. Dollars drawn on a financial institution (bank, credit union, etc). They aren't in the business of trying to determine whether your gold is salted with tungsten rods, or the incorrect weight. Your state might also not allow gold or silver to be considered legal tender.
@@petuniasevan nope.
I'm stocked,shocked I tell you.
Most condo owners have no idea if the board is stealing. They show up to a meeting once a year.
😂 Jewish Gregori Arzumanov knows where is money and how to steal them ... Jewish society gave him the job as soon as he arrived to the USA
I KNOW NOTHING ABOUT TRADING/ INVESTING AND I'M KEEN ON GETTING STARTED . WHAT ARE SOME STRATEGIES TO GET STARTED WITH .?
This is correct, Minority Mindset strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Isn't that the same Minority Mindset that my neighbours are talking about, he has to be a perfect expert for people to talk about him so well
@GiovanniThap Alright thanks for the recommendation, but how do I reach him?
Wow. I'm so excited seeing Mr Minority Mindset been mentioned here also. Didn't know he has been good to other people too, this is wonderful.
@GiovanniThap Thanks a lot for the recommendation.
How can you fault a guy for having a strong work ethic, Michael?😂😂
My parents had an oceanfront condo in Marco Island, FL. The condo association had a resident President that lived for free in a nice unit there, had a great salary, and free reign to do whatever he felt necessary to keep things going. The condo fees went up ten fold in short order and my folks couldn't do anything about it since the majority of owners spent money on ridiculous things, such as over a million dollars to renovate what was a perfectly beautiful lobby. IDK how why they kept the place for decades since they spent at most 2 weeks a year there, and never rented it out the rest of the time.
I don't buy homes with sidewalks, so I am lucky. Trees take toll on sidewalks.
Yes, we sold our property with a Norway Maple pushing up the sidewalk. Tree (and sidewalk) belonged to the city; all we could do was have them come out and trim the tree as it would really snarl up the powerlines that ran through it. Now we have a home and yard with no sidewalks. And no messy maple tree!
Good info on the gold calculation!
Glad it was helpful!
Michael, call out these people who are taking advantage of HOA.
Yes absolutely speak the truth🎯
I reside here. Good, good neighborhood
Just like Katy Williams said 2024 is the year everyone will be exposed and I’m really enjoying it! I’ve been waiting about 4 years for my association to be cleaned out but it’s so bad nobody wants to do it.
Condo "business" is the most lucrative business in the world. A perfect crime. A loophole in the law. Endorsed by all level of government.
House in California... do not buy...do not rent... move away from California!!!!!
Absolutely. I got away 32 years ago.... had to start over (long story) but have been doing well until now. With the economy imploding, we'll see.
A lot of relatives are still there. Some of them regret it. Some already left.
@@petuniasevan
And some are happy there
@@gracechen513 If they have the government jobs and connections. Or inherited a load of money. Or are in the entertainment business. But many ordinary folks are stressed and finding themselves a paycheck or two away from losing their homes or being unable to pay the rent. This is compounded by the cost of living there (yes, depending on area; it's more spendy to live in Mill Valley than in Fall River Mills....) compared to the average in the USA. I've been in the Midwest for 31 years now, and it's been a lot easier to thrive.
@@gracechen513 Especially in 🌞🌞 Santa Barbara !
Don’t vote the same after leaving
A condo is a apartment you truthfully own nothing..
Similar to owning a home if you don't or can't pay your ever escalating property taxes . Ultimately , the municipality you reside in " owns " the property legally . Sad , but true .
This is why people should STEER CLEAR of Condo HOAs at all costs! I lived in a condo community in CA; the Board held absolutely no reserves on the books- been siphoning off money for years. Homeowners have no control. I sold condo and moved ASAP.
People now , FRAUD anywhere include big insurance , big corp , LOT of people go JAIL
😂 It is been always, now it is obvious because no enough money for all kind of frauds
We have an HOA management company…there is no way the president or vice president can steal the money.
Well, my grand Ms used to say” never say never”
My Dad “ trust n verify”
My Mom “ if the boy does not smell like gasoline, do not date the poor baster”
Owning Property especially in California, is a Liability, unfortunately !
If I have to repair a sidewalk, due to a tree that the city put there, you can bet that tree is going by by.
We changed property managers 3 times already.
Wait for it… the treasurer will soon join him in handcuffs.
A conspiracy you say ? Where are my smelling salts .
Did that 96 year-old woman that you mentioned in a previous video get to stay in her nursing home unit for life, despite the new investor trying to kick her out? Maybe she can just pay to fix the sidewalk in front of her home as a "compromise".
She died soon after
@@MaxWolf-s9y Um, ok. Thanks for the post.
@@ebx100 Sorry ! I was just joking-she's alive and well. She's still living there, and they've decided not to kick her out. However, in the future, elderly people might be thrown out of such nursing homes, and we'll see more seniors on the streets in their underwear and without identification. That's capitalism for you; it has never had a human face. Just look at Palestine-that says it all.
Who else loathes Obama, Kamala Harris, Biden, Jack Smith, Mayorkas, Schumer, Newsom, Schiff, Hochul, Willis, Fauci, Pelosi, AOC, Cheney, Hillary, Woke Hollywood, The View, ABC, CBS, CNN and MSDNC.
Maybe half the country . The other half ? Applauding with glee .
Trump sucks
About half of registered voters are INDEPENDENT, so 25% more or less.
Hollywood in general is a cesspool and has been from the very beginning.
Forgot big rack whitmer
I HAVE A SIMPLE/STUPID.QUESTION:
How many (*Liscenced) - Middlemen are NEEDED...to ''Buy' a 'Property'.
What happened to : Here is a 'bill of sale', here is the 'deed', here: it is 'recorded'?
An Honest question.
Ty 🙌
HOA President is a public office and you have a feudiciary duty to perform the work with integrity for the community and owners.
What did the tenants think when the HOA wasn’t doing any upgrades to the building?
It’s called embezzlement!!!
NEVER buy a home with an HOA. Never!
I've lived in a few large neighborhoods that had an HOA that were run by homeowners who volunteered their time...they got no compensation. There was never a problem with Karens or thievery.
…that u know off
There are a lot of people that are not interested in participating in our politics....
It's the same with small scale Board of Directors at their Place to live...
I'm Secretary & no one wants my position....
Our BOD has never changed except we recently added 2 Members at Large.... In hopes they can take our place in case we can't.... Even getting residents to attend Quarterly Member Meetings...
People aren't interested until they want to complain....
Private Equity firms buy into Management rights here
in Australia 🇦🇺
It's beyond criminal.