People Are BEING FORCED TO LIVE IN THEIR CARS!

The cost of housing is getting so far out of whack that people who could formally easily afford to pay their rent or mortgage are now being forced to live in their car as an alternative. Even then, car insurance is also skyrocketing, and it could be a matter of time before they can even afford that. But this housing market and economy is supposedly the greatest in history...

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[jimgeistlinger]

You’re talking reality. I’m 74 years old. I feel bad for my children and grandchildren for the world they’re being left with. I blame our corrupt government for most of these problems.

[Allen-equf]

Got a house that’s paid off, six figures in the bank, and no debt, but I’m always careful to not slam the homeless because I know that it could be me tomorrow.

[cheaplaughkennedy]

I can personally see the fabric of society falling apart greater by the day.

[Network]

I'm 36, never married, homeless since the pandemic, and living in an old Toyota Sienna minivan now, despite working, and not addicted to drugs.

[bradtucker]

If you can’t afford rent and homeless is a crime then what are people supposed to do??

[Dave]

What's going on with the economy should be called economic warfare instead of inflation.

[robertwright]

The cost of living is no longer affordable anymore.

[dawolvx]

The media for political reasons, wont call it what it is, we are in a depression.

[duancoviero]

The worst thing is all the seniors falling into homelessness 😥

[MS-tyeq]

Its greed. Every single bit is driven by greed.

[brianshoemaker]

Before I paid $15, 000 per month for that house I would live in my car too (regardless of my income).

[Juliet]

This is a sad state of affairs we are living in. Meanwhile Migrants have housing, health care, and are given money every month. It's outrageous what's happening. Great video Michael and Happy Thursday!

[Tampa_tom]

I did a 6 hour ride on my motorcycle across Florida last Tuesday. I was shocked at how many homeless there are here in our state.

[chrislastnam]

A recent article in the Wall Street Journal said that 2.9 million people in this country live in their cars.
Another 30 million are living in trailers.

[damirzanne]

I don’t have any of those problems, I live in a nice 36’ camper, 3 slide outs, 2 bedrooms, set at the nice campgrounds with swimming pool, basketball course etc … and I pay $700 monthly including all utilities plus wifi internet … no taxes, no insurances, no HOA fees, nothing … been here since 2014, and I love it, I will never own another house in my life … not because I can’t, but because I choose not too …

[christophernejman]

Seniors are being forced out of their homes due to the ever-rising cost of rent, taxes, insurance, etc.

[frankmartin]

Shopping Centers in Sarasota are full of people living in their cars

[gundriver]

Wait until gas prices hit double digits per gallon. That's gonna be a wake-up call.

[matthewnewhouse]

While we have trillionares, making there fortune off the backs of the workers who cant afford to live. Very shamefull

[genxx]

I went to a fast food drive-through today. There was a man there, working hammering new rebar into an area where they had torn out some concrete. He was white and retirement age. I rolled down my window and jokingly said, “There aren’t any young guys capable of doing this work?” He replied, “There are, but they won’t come out and work with me.“