This video is a Re Upload from earlier. I posted this same video and so many people made some excellent comments and unfortunately they are gone for good as I mistakenly deleted the video (never happened before). Please take the time to wish my wife Lisi a happy birthday again if you happen to watch it again. It made her feel very special😊

@KristopherStidd

Жыл бұрын

Mistakes are the best ❤😂😊

@edge918

Жыл бұрын

2nd Happy Birthday Lisi 💗🎂 For you Dear Michael, What did you do? lol Ah, thank you again for another very informative video💚💙 Oh, I just love the Keys! What I mentioned before is that prices are going up too high too fast for all of us. Give sweet Lisi a hug from me 🤗

@thepearlswirl

Жыл бұрын

Happy Birthday my Taurus twin ♉️ Queen❤

@Lisithedogwalker

Жыл бұрын

@@edge918 Thank you again Laura!!!💖😘🎂🎉

@Lisithedogwalker

Жыл бұрын

@@thepearlswirl ♉️😄🎂🙏

Friend in Florida needed to replace the plumbing under the house; she called her insurance company to see if it would be covered under her policy (not submitting a claim). Not only did the company inform her that it didn't cover the repair, the company canceled her policy for just asking.

@brianmatthews4149

Жыл бұрын

That's priceless

@samarianosans

Жыл бұрын

@@mike-uw6wt this , thats the real problem ..how people wants all done by insurance company

@MsYingyang2

Жыл бұрын

Exactly, they got what they deserved

@NomadChristian

Жыл бұрын

Insurance agent here. Calling the carrier to inquire about coverage IS filing a claim. She should have called her agent instead. Also, informing your carrier that your pipes are defective is bound to get your policy cancelled as water damage claims are the highest loss for carriers.

@MichaelBordenaro

Жыл бұрын

That is terrible.

I agree with the high homeowners insurance for Florida. Historically a dangerous area due to the storms, they should pay for their own insurance and stop demanding the government to bail them out.

"Bill's" example proves the old saying: "you're buying a neighborhood, not just a house."

Our friend just got their renewal for Flood only and it was $9000 in St. Pete. The price to see dolphins while walking your dog is high.

@brianmatthews4149

Жыл бұрын

I bet there's a lot of people on high blood pressure meds back there.

@HeyMsVal

Жыл бұрын

WOW

@f_kyt

Жыл бұрын

What is the worth of their house??

@Bradimoose

Жыл бұрын

@@f_kyt about 300k

@uselesscause3178

Жыл бұрын

@@Bradimoose Just think that isn't their homeowners insurance. Flood is a different policy and paid to another company than your homeowners. Wind is additional too.

High insurance rates and low incomes. Hard times are coming.

I totally understand the problems, the possible solutions, storms, insurance companies have to stay in business, the more people the more problems, the more rules. The funny part is we now have Florida a red state, imposing socialist rules on people who complain about socialism… while they collect social security.

20 years I wanted to move to Florida, but now have reservations. Seems like Florida is getting very expensive.

@kagnewcobra5228

Жыл бұрын

And crowded. And with the crowds come traffic, crime, etc.

@787UrbanApparel

Жыл бұрын

Yup! ... I came in 1999 and was very lucky to snatch a home during the subprime housing collapse in 2008 . But it took me 10 years to find a house at the price range and location .

@brianmatthews4149

Жыл бұрын

It's one big hurricane from being a nightmare

@cosmothewonderdog8602

Жыл бұрын

It will all be underwater in 10 years.

@Cenlalowell

Жыл бұрын

You think lol

This is why I tell every buyer to get a homeowners quote before they even write an offer. No reason to pay for appraisal and inspections if the insurance is a deal killer

@MichaelBordenaro

Жыл бұрын

Thats an easy way to save a lot of time and $$ but yet so few do it

@lisahertel2415

Жыл бұрын

People used to do this stiff. I did when I was a home buyer, even 18 years ago. What happened that people don’t think??

@poppylove3673

Жыл бұрын

Tennessee is very quickly changing, even more so now than just a year ago. After the last two hurricanes in Florida, many people put TN in their moving plans, and it's unbelievable how prices are continuing to rise, for the past two years, and I'm seeing continued increases and the other sad thing is that land is being bought up for subdivisions and even if you want to live out in the country, even that's being divided up and sold in 1-5 acres opposed to say, if you wanted a home on 10-20 acres. We've been looking to move to Florida, because I have family there, but now the house prices aren't the problem in Florida, it's the property insurance and other costs. People moving to TN and Florida, can buy so much more for their money, it's causing the rest of us who didn't just sell a house in California, a hard time being able to compete. Thanks! I listened to your newer video you did with your parents, and that was a great walk and talk! ❤

Insurance companies are another major scam that often leaves the insured helpless.

@MichaelBordenaro

Жыл бұрын

Very true...

@carefulconsumer8682

Жыл бұрын

Insurers are happy to sell you insurance but fight you to death when you file a claim whether it's home owners insurance or medical insurance.

@harmgregory4560

Жыл бұрын

or not.

@eckankar7756

Жыл бұрын

Buying a house in Florida is like buying in a war zone. It's WHEN will the next storm hit. I agree, homeowners need to pay for their insurance and stop relying on the government to bail them out. Move elsewhere if you don't want to pay for your own insurance.

I talked to my friend who moved to Florida 6-7 years ago. From California. And I tell him everything you have mentioned Insurance, HOAs,roofing repairs etc. He doesn't care. The 15% he's saving on state income tax.-California- More than offsets higher fees. Just a point. California is Squeezeing Tax Payers out. Rich & Middle class tax Payers can't afford to stay.

Get the boundary survey before you buy! It's money well spent, and can save you a lot of heartache.

Sadly, You never really own your property unless you buy where real estate taxes are low.

@jwill540

Жыл бұрын

You mean non-existent.

@chargermopar

Жыл бұрын

Herein south Florida at one time you could own a home valued less than the homestead exemption and pay no property tax!

@FloridaGirl-

Жыл бұрын

The value of your home too has alot to do with what your taxes are. If you bought low long ago. Your taxes are nothing compared to if you sell right now. Because home value has sky rocketed. Those new buyers taxes will be double. Because the house has been sold for so much more then the seller bought it at, if they’ve been living in it for 10 yrs or more.

@chargermopar

Жыл бұрын

@@FloridaGirl- I fight back ny never making improvements, and planting so much vegetation the the house looks more like an empty lot. Add 30 ducks and other critters and the transition is complete Then petition the VAB every time the assesment gets raised.

@FloridaGirl-

Жыл бұрын

@@chargermopar 🤣👍

Not to mention that after EVERY JUNE many insurance companies will simply STOP writing policies in FLORIDA altogether…

In Florida does not have industry what they have is hospitality industry, which if there is a recession in the housing like it was in 2007 and 2008 it’s gonna be devastating

@jimshoe402

Жыл бұрын

Hawaii had 25% off !!!!!!!!!!!!

@MrRevell111

Жыл бұрын

You don't consider agriculture an industry? Florida is 1st in the U.S. in the value of production of oranges, grapefruit and tropical foliage plants; 1st in production of sugarcane and sweet corn; 1st in snap beans, pickling, cucumbers, squash, watermelons, cut cultivated greens and fresh market tomatoes. Nine of the top 25 beef cattle producers in the nation are in Florida.

@goldenparachute392

Жыл бұрын

You don’t consider healthcare industry? LOL Healthcare is big business in Florida. Plus lots of financial services moved here. This is not Nana’s Florida anymore 😅

I used to dream about retiring in the Florida Keys, but after watching this channel, I've pretty much abandoned that dream. With the insane prices on mainland south Florida, I don't even want to know what the prices are in the keys.

@MichaelBordenaro

Жыл бұрын

My next video will feature a couple houses here for sale. Surprisingly, it's a little bit cheaper than Miami

@unknownalias5538

Жыл бұрын

Same here . I think I'm going Midwest

@gocirf3433

Жыл бұрын

I’m going to Maine

@goldenshepardgwen166

Жыл бұрын

@@gocirf3433 Maine has insane electricity rates

@unknownalias5538

Жыл бұрын

I'm in NH ma ri throughout my week . There are insanely expensive now including Maine. Even the land .

In NJ property can not be bought or sold without a survey… solved a lot of problems… I can’t believe someone would buy property without a survey… absolutely crazy…

@MichaelBordenaro

Жыл бұрын

That is a good safe gaurd they have in place.

The new roof age restrictions can be a real issue. When I was buying my current home in 2021, the insurance initially refused to cover it. It is a 17 year old home but it has a lifetime tile roof. I had to get a special inspection with a report saying even though the roof is over 10 years old, it still has at least another 10 years of life in it, which it obviously does. If it wasn’t a tile roof, I would’ve needed to replace it to get insurance which is insane.

@clagueb3686

Жыл бұрын

My parents house was built in 1956 in Ft. Lauderdale had a tile roof lasted 40 years, never leaked. Replaced with tile. They owned home over 60 years, never an insurance claim.

@Trudgery

Жыл бұрын

@@clagueb3686 I suspect it's a wind thing not a leak thing.

@uselesscause3178

Жыл бұрын

@@Trudgery In Florida wind and flood are separate from your homeowners policies. I think you can add wind, but flood is an entirely different company.

@zipcode9

Жыл бұрын

Years ago, I owned a home with homeowners insurance and never once filed a claim. After 10 years, I got a letter from them saying they could no longer insure my home because I had cement steps (4 short steps) to my front door and had no wrought iron railings on the sides of those stairs. They canceled me and my mortgage holder force placed a state mandated insurance company to write me a policy that was almost twice as costly as the normal policy I had. Insurance is quite a business and really, not your friend. They make up their rules as they see fit. Car insurance is about the same. They all need a major overhaul in my opinion.

NO $H*T!!! Thank you for another GREAT video Michael!!!! Florida is NO longer a desirable place to MOVE TO!!! People complain about California but according to your videos, YOU need to have MONEY to LIVE in the Beautiful STATE of Florida!!!! Game Over!!!! :)- Kudos to YOU!!

I bought a house for just over 100k seven years ago just inland from the beach. Home builders have built nothing under 400k in my area so my resale is well over 3X what I paid.

Looks like the seaweed is starting to pile up in the keys

@MichaelBordenaro

Жыл бұрын

It sure is

I was going to purchase in FL but with all the issues I changed my mind. Homeowner Insurance Issue and that you have to replace your 30 Year roof every 10 years, Traffic and now starting May 1st if you have a good credit history you will be paying an extra 1% to help fund people with Bad Credit. I am now looking in TN, NC,SC & GA currently in NJ which taxes SUCK.

@drewmow

Жыл бұрын

Better move fast, investors are flocking to the Carolinas

@england670

Жыл бұрын

Don't forget Texas. I moved from NJ many years ago and never looked back

$2200./ year property insurance here on the Beautiful NC coast! ( 3 min. From the beach)

I was paying 2300 in Palm Harbor Fl. Went up to 2900 this year. I got a new roof and sent info to insurance company (citizen) went back down to 2300. It only cost me 19900 to get the deduction (sarcasm). It did go down though.

Happy B’earthday to your wife! I turned 53 on April 28th as well. I’m literally surrounded by Taurus ♉️. My father-in-law’s was the 27th. My baby brother’s on the 29th. And we’ll be celebrating my lovely wife’s solar return on May 5th.

@MichaelBordenaro

Жыл бұрын

Happy Birthday to you too! and yes you are surrounded by them bc I am May 7th 😄

@Lisithedogwalker

Жыл бұрын

Amazing!!! Thank you for the birthday wishes!🙏🎉Happy belated birthday to you as well!!!🎂🥳

Happy birthday, Lizzy. You all make a great couple! Always hang in there and work things out.

@Lisithedogwalker

Жыл бұрын

Thank you so much!🙏🎂🎉💜

Is anyone else bothered by our governor being on a world tour while we have issues like this?? He never used our covid funds. Why doesn't he use that money instead of increasing property insurance 1% ?? No one seems to have any solutions.

Well Michael as you well know buyers can only back out of a purchase contract within the inspection period which is normally 5 or 7 days and they’ve already paid for a home inspection. Once this time frame has elapsed if the buyer finds out their insurance will be astronomical high it is already too late. The only other way is the mortgage contingency which is within the first 30 days. Buyers must obtain a mortgage commitment within the first 21 days of both parties signing the purchase agreement. As a real estate agent in the state of Florida you already are aware of this. Another great video Michael

@MichaelBordenaro

Жыл бұрын

Yes, I know. Luckily getting an insurance quote is pretty easy to do within your due diligence period. But I'm sure a lot of people won't think about doing that which is why I wanted to mention it in this video 👌

@goldenparachute392

Жыл бұрын

@@MichaelBordenaro so the title of your video is inaccurate at best and fear mongering at worst

All those prices are too high for the jobs being lost.

I'm one of the buyers that backed out! I'm a U.S. expat living in Central America. I had considered buying a residential/vacation home in Naples, Florida. Even though I would not pay property taxes as a disabled veteran. The home insurance prices, home prices, traffic, home expenses etc. Make it a deal breaker. I'll continue to just be a tourist visiting Florida, as a citizen!

Live at sea level in a hurricane-prone area, get what you pay for. The insurance isn’t ridiculous. Living in Florida is.

@drewmow

Жыл бұрын

You sound bitter. Smile today and give someone a compliment. Promise it will help

Want a reasonably priced house?...basically learn to like the cold and avoid the ocean & warm beaches...

@13ChroniclesOfDagger

Жыл бұрын

Fact check ✅️ FALSE. Try look Hawaii 🎉

@jimshoe402

Жыл бұрын

@@13ChroniclesOfDagger LOVE that place Waikiki rent a condo 4* $2500..😍😍😍😃😃😃😃😃😃 been there 10x's ALOHA

My go to source for watching the real time implosion of FL RE. Keep it up!!

Survey costs $1100-ish up here in the panhandle. Used to be a few hundred… those days are gone.

@HeyMsVal

Жыл бұрын

Wow

The Midwest certainly wasn’t on my bucket list when I left Tennessee in 1979. I lived in California for 13 months then moved to Omaha, NE in 1981. I live on the Nebraska prairie now (which I don’t care for since I don’t like small towns) but Omaha, NE is awesome! Nebraska has high property taxes but you get what you pay for. They actually spend that on excellent schools and road work (very good roads). There’s plenty to do in Omaha and there are so many beautiful neighborhoods. My son and his girlfriend go to NYC every year because there’s a direct flight to NYC from Omaha. There are a lot of jobs in Omaha, NE.

@Enki1013

Жыл бұрын

I lived in Lincoln for a few years back during the 90s but visited Omaha a few times. It seemed like a nice city and I had considered moving there from Lincoln. Glad to see Omaha is still doing well.

@mwebb3014

Жыл бұрын

@@Enki1013 Did you enjoy Lincoln? We are considering a few smaller towns outside Lincoln so that would be the place to go for a day or night on the town.

@mwebb3014

Жыл бұрын

We are looking for small town/homestead life outside of a larger Nebraska city. I’ve found a few places closer to Lincoln but have just started looking outside Omaha. Any recs for good rural areas around Omaha?

@crystalbluepersuasion1027

Жыл бұрын

@@mwebb3014 Try Blair NE. It’s close to Omaha and imo it’ll be the next “big” popular area just outside of Omaha to be the “in” place to move. It happened to Elkhorn and Greta already (high prices now) but Blair hasn’t reached that level YET but it will. There’s a good straight wide road going straight out there and it’s only 15 or 16 mi from everything Omaha has to offer. I wish to hell my husband had accepted a job he was offered there in 1999. We live a 3 hr drive from Omaha, had moved here in 97’ and I think hubby didn’t want to uproot again so quickly, but he didn’t realize we’d be here so long that it wouldn’t happen. We did buy a condo in Omaha in 2019 in the Westside school district so we make the drive a couple of times a month. I have to say, I absolutely love Omaha better than any place I have ever lived. Growing up I never even thought of Nebraska except on Sunday when Mutual of Omaha’s wild kingdom was on. --. It is Blair. When I first typed a response it autocorrected to Blaine and it’s suppose to be Blair. It’s west, maybe a little NW of Omaha. Just look on a map and you’ll see it.

@crystalbluepersuasion1027

Жыл бұрын

@@Enki1013 My son has lived in Lincoln since 2010. He prefers Omaha but his wife is from Lincoln so they’ll probably stay there but it’s an easy drive to Omaha, they’re at the Omaha Henry Doorley Zoo today. Lincoln is a good place too but Omaha has a “vibe” that I prefer. It could be because I spent my 20s in the awesome 80s (best decade EVER!) in Omaha so I feel 30 years younger just being there.

I m living in Elkhart, IN. for a short term contract. This town sucks!

@jimshoe402

Жыл бұрын

Whole State but Cheap..

Happy B-Day Lisi! Spring Hill,FL - 2022 purchased 287K 4/2, 2k square feet, brand new home with vaulted ceilings and upgraded finishes. Appreciated 60K since last year. Good luck everyone!

Florida is new California long gone are days I bought my first house for 80k on Kendall drive Miami speculation and politicians have destroyed a once affordable place

@naturelover2292

Жыл бұрын

The difference is it’s unsustainable in Florida because of wages are low. A lot of people will be underwater once the market slows all the way down.

@MichaelBordenaro

Жыл бұрын

That's the way it's looking

11:45 Yep. And if they snatch anything from land it'll be small stuff like pets & kids. Crocodiles aren't pervasive yet in The Keys, but as kid in the '60s & early '70s I wasn't afraid to swim in Florida lakes. Alligators became Federally protected in 1968 (67?) and look where we are today! The gator population came back with a vengeance.

@MichaelBordenaro

Жыл бұрын

I don't know what these parents are thinking. I would never let my kids get in the water. They were actually in the water shortly after this clip just playing around.

Excellent video. Never, ever hire a "general lawyer" for a RE issue. Find a lawyer who specializes in RE. Call the law school if you are not sure and ask one of the property law professors whom they recommend. Bill is right but did not spend as much money as I spent ($80k) on a bad lawyer. Get an RE specialist lawyer. As you say, get a survey ahead and understand it carefully, esp any easements.

Getting a survey has been part of the usual searches for years up here.

@jimshoe402

Жыл бұрын

Some 30 days Old which is the Right way to Check everything..

Couldn’t agree more. I also fall in this category. I backed out due to high insurance and property tax and lost my deposit. I can recoup loss in one year so no worry. It’s big pit fall and despite high insurance premium coverage was very limited. House cost 520k and insurance coverage 248k and 4000+ insurance with 5% hurricane deductible. Not sure when home ownership will be affordable again, it is very unsettling.

I don't understand how they expect people to survive

@junserafin5241

Жыл бұрын

Strange as it may seem, they WANT people to struggle and suffer- and have their lives difficult. EVs are another example of an imposed mandatory hardship.

@drewmow

Жыл бұрын

​@@junserafin5241 yup And a more instant form of control. Canned food used to last year's now only a year or two tops. Water 2 yr shelf life. They want us completely reliant on daddy government

Happy Birthday Lizzy, hope you both enjoy a well deserved break

@Lisithedogwalker

Жыл бұрын

Thank you so much Jim!🙏🎂🎉💖

Between HOA fees, the different required insurance policies, and property taxes, the mortgage service payments are the small part!

I just received notice that citizens will belooking to cancel anyone who can find insurance within 25% of their rate as “citizens is a last resorts and not supposed to be leaned on so heavily.” I currently par around 8k a year which if I can find it puts me over 10k. Based on others I know though, it isn’t too bad (which is ridiculous). Just five years ago… my insurance was $1500.

@junserafin5241

Жыл бұрын

Trends normally continue, so in 2028 you will be paying 20k minimum. In hyperinflation scenario (likely at this point) 50k to 75k. Edit: just saw a reply below someone was quoted 70k.

@787UrbanApparel

Жыл бұрын

Basically you are paying .92 cents per hour or $22 per day in Home Insurance . How much principal you have left of your mortgage ? ...

@MichaelBordenaro

Жыл бұрын

Yes, that's correct. I covered this a while ago in a video several months ago.

@787UrbanApparel

Жыл бұрын

Payoff the loan and go naked ; I mean home insurance naked 😂 . Open a savings account just for home repairs ...

Absolutely have the seller pay for the survey prior to close of escrow. I’m surprised the appraiser didn’t call it out on his report. Title report also has a plat map.

HAPPY BIRTHDAY, Lisi🌹 what a beautiful area you picked out to celebrate your special day with Michael💞

@Lisithedogwalker

Жыл бұрын

Thank you so much!!!🙏🎂💖🎉

I thought DeSantis was supposed to put legislation through to keep the insurance rates from going up...

Transplant from Miami to omaha this place getting full of west coast people driving prices to fl levels

@junserafin5241

Жыл бұрын

Yeah no kidding. 450k for a modest home in Omaha!?! If you can find one, that is...

@MichaelBordenaro

Жыл бұрын

Wow, you would never think Omaha would be a boom town ! I drove through there a couple years ago and it did seem pretty bustling

Any buyer can get insurance quotes on a house they're considering buying before signing a contract. No surprises.

@MichaelBordenaro

Жыл бұрын

Yes they can!

What about the ridiculous costs of the HOA. They are rising and undoable.

@Gmac_Greg_M

Жыл бұрын

Mine has almost doubled since the surfside tragedy, mostly due to insurance on the structure of the condo building.

People have looked at me like I'm nuts for a few years now when I talk about how the state will end up insuring almost every home in Florida. The ironic consequences of not wanting regulations and "big government" is big government will insure all those homes for pennies on the dollar.

@uselesscause3178

Жыл бұрын

@@DonLicuala The people high an dry will not pay less. They are the ones footing the bill.

My sister got quoted 70 grand for full coverage on 700k structure value in key biscayne. That’s from the private market. Citizens was 30k. Luckily they are able to pay off the mortgage and go naked on wind coverage. This is a hidden crisis people move here and have no idea what coverage costs especially if you are required by lender…..

@deerocker6987

Жыл бұрын

I have a home in Biscayne Park. We pay the highest taxes per Capita in Miami- Dade.

@gulfbreezescapes4429

Жыл бұрын

Curious - is the home sitting on a slab or pilings? year built?

@YanilleCastillo

Жыл бұрын

I grew up there … on west wood drive . What I miss the most is the beach club and Sir pizza 🍕.

@carsandwhisky2002

Жыл бұрын

@@gulfbreezescapes4429 it’s an older ground level Mackle home on Key Biscayne but the flood insurance isn’t expensive it’s the WIND. This is a $3m home but it’s all land value the actual structure value insured was $700k. It’s a 2700ft former 3/2 Mackle ranch with a second floor master+bath that was added in the 80s. I think many parts of Miami are simply getting to the point of uninsurable and therefore non- financeable. What is the value if even $1-2M homes must be bought cash? One bad hurricane here in Miami and Citizens could start charging private market rates. I was an insurance industry analyst for years Florida was always expensive but it’s gotten to the point where it can be a second mortgage!

@MichaelBordenaro

Жыл бұрын

Thats right

Thank you for all the practical advice you give on your channel!👍

Just bought a house in Sebastian Florida. Homeowners insurance was the biggest hurdle and costly for sure. Apparently back in 2005 2006 they were waiving permits for roof replacement because so many roofs needed replacement due to back to back hurricanes. This house was one of these. Had to replace roof in order to even get insurance. Big eye opener.

@787UrbanApparel

Жыл бұрын

Shingles are not the roof , is part of the roof . Metal roofers are now financing , or you could also Seal your shingles with BlackJack sealer .

@matprang4508

Жыл бұрын

@@787UrbanApparel They did attempt to put what's called Florida green shield on the roof which is a sprayed on application we were told that that would help us get the insurance but no joy it did not work so basically I just took $2500 threw it away

@787UrbanApparel

Жыл бұрын

@@matprang4508 Yup ! ... i use BlackJack sealer , in my opinion is the best . We did it years ago for the WhiteRoofProject ... but the insurance increase is due to the state mandating - Replacement Cost Value - on insurance carriers for Florida . Rick Scoot was involve in changing those formulas . Basically ; he took homeowners rights to negotiate - RCV - and Personal Liability Riders amount . So , insurance companies have massive risk . It should be at the Homeowners discretion ; how much policy you want . Especially if your home is payoff . Not everyone home gets destroy by storm in Florida . We should not carry the burden of others that live by the beach .

@uselesscause3178

Жыл бұрын

@@787UrbanApparel that is where it is, the mcmansions on the beach that the rest of florida is paying for.

@787UrbanApparel

Жыл бұрын

@@uselesscause3178 Yup ! ... Sebastian is the next Fukoshima ; they have an old nuclear power plant that sits right at the shoreline . Just waiting for the next mega storm to flood the crap out of existence . I could be wrong ... is close to MarLago if Im not mistaken .

Beautiful scenery thanks Michael

You can thank the roofers going door to door, using policies like maintenance policies and the assignment of benefits…We have as much litigation as 3 cat 3 storms and reinsurance is through the roof. We’ve withstood the hurricanes but not the litigation.

Happy birthday to your wife, you two are blessed to have each other. I enjoy all your videos that have proven to be spot on. Thanks Michael for all you do…I appreciate your work

Michael the resort you are staying at doesn’t have a whole lot of people because everyone is broke is my assumption. Looks awesome though. Hope y’all have a great time!

@lordhumongus8669

Жыл бұрын

Swimming with the Crocodiles is always a Bonus 😂

Happy Birthday Lisi!!!! May you have many many more 🎉🎉🎉🎉! Hope you both enjoyed yourselves.

@Lisithedogwalker

Жыл бұрын

Thank youuuuu!!!!!🙏🎂🎉💖😊

Great content. The insurance situation is so interesting. Keep us updated!

I'm so happy both of my policies (homeowners/flood) have not increased much the last few years on my inland 1950s Bungalow.

In 2012, I found a house I love on a canal in Port Charlotte. I put in a contract and immediately called for insurance quotes. Insurance was equal to the mortgage payment (principle/interest/taxes). My $650 a month mortgage would go to $1,225 with insurance. Luckily the contract had an insurance clause and I backed out. My agent was furious. Since she was a buyers agent no commission for her. I did try for a foreclosure but BoA gave a verbal acceptance then without notifying my agent sold to someone else, very frustrating. This was July. At Christmas, I sent a card and thanked her for her services. I included a check for $250 as a gift. It was cashed the same day she must have gotten it, lol. I haven’t regretted my decision.

The US is in crisis. Inflation and inflation. Too much money for a house. I am no longer spending my money to businesses. I’ll eat at home and bring my lunch.

Happy birthday Lissie. 🎉🎉🎉🎉. I was there in the 90’s with my own Dad. Loved it.

Well said Michael! Everyone says a home is an investment. If that is true, it is the MOST manipulated asset class ever created. As proof of this manipulation witness the repeated, almost cyclical nature of housing bubble creation followed by housing market crashes. Prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways. This is where is gets confusing lol

@kongphooey7230

Жыл бұрын

Scammers above 🤞🏽🤞🏽

@basha0810

Жыл бұрын

Think about that. A bunch of people got together, decided that if they made a local government, built homes, provided jobs at markets, gas stations, etc, they'd charge for it by renting the land to people that buy what they build forcing them to work so that they can pay for it thus the reason to create the jobs for the homes that they build 🤨😜.

@chrishollis6015

Жыл бұрын

I have always viewed a home is were you live not an investment.

@basha0810

Жыл бұрын

​@@gatesbev BOT

@basha0810

Жыл бұрын

​@@frederickhoff BOT

Funny story... Growing up, our neighbor built a brick wall w pillars onto our property driveway. My Dad was the Best autobody repairman in Boston, so he would constantly knock the pillar off the wall w our car. We used to laugh like crazy !!! 😃😁😃😁😃

@MichaelBordenaro

Жыл бұрын

Haha that must have been quite a funny thing to see on the regular 😄

You are so correct on the insurance and add in the new HOA assessments. Almost everyone in fancy town South Florida has HOA’s. Right now unless the prices on homes come down the average person can’t buy. Especially in South Florida. Most places Orlando and north are much more affordable and plenty with no HOA’s. Although pay isn’t as much so I suppose it’s all relative.

This is very educational Mike. Thank you.

@MichaelBordenaro

Жыл бұрын

You're welcome!

Hey I love your page and the information (GEMS) you give and how you and enlightening younger people like me thank you!❤️

@MichaelBordenaro

Жыл бұрын

That's awesome. Really glad to hear that.!

outstanding !!!!! Definitely learned a good lesson through Bill''s experience! Thank you Michael and Bill !

I think one of the reasons insurance companies are in trouble is partly their own fault too because for so many years they were basically giving people brand new roofs for their deductible. Even if your roof was 20 or 30 years old all you paid was the deductible when it should've been prorated according to how old your roof is. So now because of their mistakes they won't insure someone who's roof is over 10yrs old unless they replace it first! I think it's ridiculous that we are punished and have to pay for their mistake for so many years and I'm tired of paying for the decisions the government makes as well!

@MichaelBordenaro

Жыл бұрын

That along with fraud, we are all paying for the mistakes of years past that are catching up with us today.

What’s so nice about the sargassum weed on the beaches. That’s enough to turn off any sale.

@MichaelBordenaro

Жыл бұрын

Nothing no one likes that

Happy Birthday to your wife🎉 Tx for the great content!

@Lisithedogwalker

Жыл бұрын

Thanks Iryna!🙏🎂🎉💖💃

Thanks Mich !!

Thank you Michael! of course metro Atl is still high and I'm not leaving the South so I'm trying to be patient. Even S Ala is way high..Thank you again for Info and the views! 🏖

@FloridaGirl-

Жыл бұрын

Personally, I think everywhere is high if you are moving anywhere at this point. Even if you make a load, you have to go reinvest almost all of it, to purchase even a smaller home to downsize in. 🤷‍♀️ Then, you will be paying higher taxes then the house you sold. Because the new one cost more then the one you moved from-if you were in it for awhile. Craziness.

I had a similar situation some time ago. Long story short.... Houses were already built backing up to the property I was purchasing. Building on. A corner lot extra money. This yard touched about 8 properties after the survey as we wanted to fence it in. We made sure the fence was an additional 12 inches in from the property line. One neighbor had a huge swingset way over on our property. He had to move it and was not happy as he then had a very small backyard.

I stayed at Chesapeake, loved it! When we stayed two years ago, no seaweed though. Enjoy your trip!

Well there are a lot of affordable homes here in central Florida. They’re just in the hood.

@MichaelBordenaro

Жыл бұрын

Thats the truth!

I love visiting the Keys!! Fun to see you filming there!

@MichaelBordenaro

Жыл бұрын

It is beautiful down here!

Your a smart dude. Thanks for your content....I love it❤

@MichaelBordenaro

Жыл бұрын

Thanks Jason!

Moving to the COLD areas might cost a fortune in Heating and utilities.

I wonder if the neighbor had a survey of their property and knew or should have known, (as lawyers like to assert) that they were trespassing on others' property. Always keep an eye on your property; a miscreant can decide to build on your property AFTER you've moved in and hope 7 years pass before you do or say anything; voila! Land YOU paid for is now theirs. As has been said before, we don't have a justice system; we have a legal system.

@jimshoe402

Жыл бұрын

I had the Same deal I showed him mine (wrong) he wouldn't show me His (correct).He was thinking he was pulling a fast one. He moved the Fence and Cut the huge Brushes.The Fool on his other side will lose 5' on a 60' lot $$$$. They want everything in their favor or your DUNG. I'm sure more Fun coming up.ALOHA😁😁😁😁

I thought surveys are pretty standard before closing.

@MichaelBordenaro

Жыл бұрын

Not really, usually you have to opt to get one done.

@Jimmy-fp4qq

Жыл бұрын

if financed you'll always need a survey either recent on the home from the sellers or done per you, the buyer/lender.

Thank you for the video Michael. Keep it up. Happy Birthday to your wife. ❤❤❤😊

@Lisithedogwalker

Жыл бұрын

Thank you so much!🙏💜🎂

On the subject of insurance... I just got a check from my insurance company. Monday I have to find out if they're not going to cover my house anymore. They accepted my payment. Cashed it. But I just got a check for the full amount back. Curiouser and curiouser

@MichaelBordenaro

Жыл бұрын

Uh oh!! That doesn't sound good

The good news is there’s case law now in that neighborhood and the entire state regarding the property line dispute and adverse possession. Well done!

Also property lines can determine whose responsibility it is to cut down a tree. We have paid well over 20 K in tree removal in the last decade. Insurance companies cannot make you cut one down, but a large oak falling on your roof can be potentially deadly, particularly since most bedrooms are on the top floor.

A very happy birthday to you, Ms Lisi!

@Lisithedogwalker

Жыл бұрын

Thank youuuuu!!!🙏💃🎂🎉💜

A new law is coming which will increase the property insurance and seems that new law wants everybody to pay more for all others insurance.

@MichaelBordenaro

Жыл бұрын

Yep!

Happy Birthday Lizzie! Nice place to visit in the Keys 😸 Have fun! 🎂😸👍🏻

Hope you both had a Gr8 time.

@MichaelBordenaro

Жыл бұрын

We did thanks!

Lisi Happy Birthday!! Looks like a lovely spot! 🎂🎉🥳🎁 ❣

@Lisithedogwalker

Жыл бұрын

Thank you so much!🙏🎂💖

Learning a lot from your videos these past few days.

I was born in Lafayette and was raised in the area. It may be cheap to live and buy a house there, but you get what you pay for!!

Lived in Indiana most of my life, not far from Lafayette. We moved to Fl 3 years ago. Trust me, you do not want to live in Lafayette!!

The insurance is too high.... if you can get it in the first place. It has been over 15 years since I lived in Florida, but I remember they had blackout dates where they did not approve any new policies AT ALL during official hurricane season. It did not matter if you just bought the home and you were insured at a previous address (renter's insurance or home owner insurance). They refused, across the board, period. It seems like things have become worse since then.

@FloridaGirl-

Жыл бұрын

Well, I know one thing. The way it is now. When they “call” a state of emergency, within 72 hrs for the state, because a hurricaine is coming. “That’s” when they won’t sell insurance. Because people would call and cancel it “after” the hurricaine is gone. Esp if it didn’t hit their area. So I can’t blame the ins co for that. Also, flood insurance which is seperate. When you do purchase it (through FEMA), it has a 30 day wait start date before it is in effect. Probably for the same reason.

@Enki1013

Жыл бұрын

@@FloridaGirl- I don't blame them if that is the scenario, the sort of people who wait until it is raining before they decide to build an ark. I was addressing people who have NOT done that. They have been paying insurance on a previous address and are trying to relocate. I don't understand why they will not make an exception for that. Yes, if they have had a lot of insurance gaps like you describe, you are preaching to the choir.

@FloridaGirl-

Жыл бұрын

@@Enki1013 👍

Happy Birthday Lisi. Praying Gods blessings over your lives, divine health , love, joy, peace, prosperity , wisdom , discernment and favor from God, over your lives . You picked a great place for celebration 🎉. Have a amazing weekend and year. ❤🙏❤️

@Lisithedogwalker

Жыл бұрын

Thank you very much Yanille!🙏🎂💖

He is not lying. We are one of those buyers. Lost a $600 option fee when we backed out. 3000 s/f house with a garage apartment that NEVER FLOODED or had a claim in 40 years in the Texas Gulf Coast (house and property had mitigation features to hurricane fortify) --- $20K a year for HO/Flood/Wind insurance. This house was NOT even waterfront. It was several blocks away from the bay. And, Texas, yeah property taxes were $20K too. So $40K a year just in tax and insurance! That's a whole other house. Nope.