NO ONE CAN AFFORD THIS ANYMORE!

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When you start to realize the scale of the homeowners insurance nightmare that people across America are facing you will never see homeownership the same way again. People are paying massive premiums and when combined with property taxes can be several thousands of dollars per month even if you have no mortgage. How is the housing market going to continue going up when people are paying these massive bills?

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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Комментарии

We are completely screwed in this country.

MichaelBrown-nyet

The Golden Girls would have to become homeless now if they brought the series back. 😂😂😂

ResmithSR

Medical insurance, auto insurance, homeowner’s insurance… The whole insurance industry is a scam, no matter ur health, wherever u live, whatever u own no matter how new or old.

jayesimond

Another joke with the whole insurance industry is, you pay all that money in for years, then make a claim and then they try not to pay out for all the damage, in the first place.

malachi-

The system is screwing us over every time we turn around.😢

deep

I cannot see how people can afford to live in certain parts of Florida anymore.

joycedudzinski

22 years ago I bought 1 acre with a 1983 single wide mobile home and a co op water meter. Paid $18, 000 cash. I still live in that mobile home. Probable spent about $8, 000 over the years fixing and maintaining it. It's perfectly comfortable living and this year the DMV dropped the taxes on it as it is so old. I was paying about $53 per year tax. My property tax has not change more than $20 over the 22 years I have owned it. I pay about $65 per pear property tax. As far as insurance goes....I have NEVER had it. I tried to get it when I bought the trailer 22 years ago. No insurance company would offer to insure it as they said it was a fire hazard being so old. Here I am 22 years later living dirt cheap. I consider myself to be one of the fortunate ones that found a unique situation. Over the years I built a 20'x40' metal building with amenities. I can also live in this very happy.

rayprevailer

They push everything to the limit and nothing ever gets fixed....😮

timr

Do not despair. You can always count on your Republican or Democrat sending help to other countries.

almdrs

With those prices is everyone in Miami Beach a fentanyl dealer or a Russian oligarch? 😂😂😂

ResmithSR

These home flippers are what have got us in a lot of trouble. Because every time they flip the house the price goes up which brings up our taxes and insurance. I hope they lose their ass

jadaosteen

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

nicolasbenson

Housing needs a hard reset on value. Those prices are a pipe dream.

chris

75, 000 a year? That's what I paid for my house

jblaze

The numbers in this video literally made my head spin. Ten GRAND a month for rent, and twenty six grand a month to buy and "maintain and stay" in a A home to buy? LORD. My mother in law lives in Florida. Probably eight or so years ago she just gave up homeowner's insurance. She weighed the pros and cons, and opted on taking her chances. I initially thought she was NUTS, but after some thought, I support and don't blame her.

dyates