NEW ECONOMIC WARNING From EX Home Depot CEO kzread.info/dash/bejne/hH2l2dueaZucZ9Y.htmlsi=YImxxlSWJPjmI95D

@pukavoket

28 күн бұрын

I'm doing everything I can to stay alive financially, have a plan to hit it big, working on an invention...The first electric "Banana Peeler"! :)

@rhondae8222

28 күн бұрын

@@pukavoket I hope you the best with your invention. 🙂

@pukavoket

28 күн бұрын

@@rhondae8222 Thanks much! Have a bit of a snag...keep slipping on the peels! :( Trying to find a workaround.

@CharlesWilson-zs3vd

28 күн бұрын

Every since the computers, the agents got lazy, And actually you are doing most of the house hunting.

@michaelcostin2384

28 күн бұрын

Exactly, useless

And the world’s tiniest violin plays. Most realtors these days do nothing.

@daraledet542

28 күн бұрын

Exactly.😊

@Tonymanero1960

28 күн бұрын

Agreed,.....they made a lot of money for a long time,....by doing nothing more than putting a ''for sale '' sign up on a front lawn....If they even did that much.

@bhazleton

28 күн бұрын

There is no accountability, there is no ability to compare realtors, there is no incentive for many of them other than money. My real estate transactions have been disasters because agents were lazy, incompetent, in it only for the money. Other than word of mouth there is no way to find a good agent.

@Limewire1984

28 күн бұрын

When you're done playing, can I borrow? I got to play for the flippers.

@Juliet875

28 күн бұрын

It's actually the smallest violin

They’re desperate and I love to see it. 6% commission for simply listing a house on MLS was always robbery

@free-domechaser7461

28 күн бұрын

Correct

@chaspires5

28 күн бұрын

Spot on, buyer does all the Intel and only needs an agent to open the door to view the property

@irritatedkitty7301

28 күн бұрын

​@chaspires5 Sometimes, they're chummy with the listing agent or appraiser and information is leaked.

@nilaja-itsmylife

28 күн бұрын

That was split 4 ways, seller agent, buyer agent, seller brokerage, buyer brokerage. Real Realtors put in hundreds hours to provide seemless, cost saving, and time savings transactions. 💯

@racebannon8569

28 күн бұрын

Rarely does a real estate agent get 6 % commissions. Each agent usually gets 2-3 % and it can take months to get that and then your broker gets a part of it. Real estate is far more time consuming than you think.

Nobody will miss real estate agents

@nogames8982

28 күн бұрын

I think there will always be a place for them, but not nearly like there used to be.

@JohnyZman

28 күн бұрын

We aren’t going anywhere big guy… these lawsuits will DO NOTHING 😊😊

@SeanEustace-zk3mc

28 күн бұрын

Reduce commission hell no filling out this form is worth 6% of your house no matter the price. And not have any less.

@CapPointer2.0

28 күн бұрын

@@JohnyZman he is the type to believe everything he hears

@nicolenotizieeamici

27 күн бұрын

No one

I was a realtor for 4 years and left the industry because most of the other realtors that I dealt with were not concerned for their client. They were concerned with how much money they could make. These people are generally narcissistic people who want to be rich and cool with a minimum of effort.

@humbleheart2650

28 күн бұрын

EXACTLY! A tenured, full time realtor with good references is what worked for me. The part time realtors did not seem to care, poor customer service and attention to detail, and just wanted to make money.

@floydestelle6242

28 күн бұрын

Exacly

@gregorylyon1004

28 күн бұрын

OH I'm sorry. I thought that all realtors only cared about the commission on the sale at closing. It's all about money

@KC-lg8qf

28 күн бұрын

​@@gregorylyon1004exactly....

@edwardsuarez-ri5dz

28 күн бұрын

There are lot that a jerks

Purchasing a home is already a very difficult thing to do, unless you pay cash or don’t get a loan from the government. If only my minimum monthly house payment, over the course of 30 years I’ll pay more than double what my home is worth. I purchased before things got crazy so I got a good interest rate. I couldn’t imagine trying to rent or buy right now.

@cowell621

14 күн бұрын

I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.

@StacieBMui

14 күн бұрын

The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.

@LiaStrings

14 күн бұрын

How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.

@StacieBMui

14 күн бұрын

Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@grego6278

8 күн бұрын

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

Realtors are running out of money ? it's about time.

@blackworldtraveler3711

28 күн бұрын

The ones I know planned,saved, and invested wisely. They knew there would be good and bad times.

@Likeaworm

28 күн бұрын

I got 3 years of savings

@nicolenotizieeamici

27 күн бұрын

Yes

@TJNtexas

26 күн бұрын

In 2011 when I bought my realtor got caught in a lie. Kept saying the investors offer was higher than mine. Finally, forced a counter offer after the sellers realtor refused to accept the counter. Out of anger realtor accidentally sent in an email the investors offer who the realtor also represented, was LOWER THAN MY ORIGINAL OFFER! Boom got the house! My buddy had his realtor leave him midway through buying his house because an investor threatened to never do business with his realtor again. My buddy worked with his loan guy and went straight to the court house steps and bought the foreclosure from under the investor!

@HiddenAgendas

26 күн бұрын

Realtors are the biggest leaches and the reason why home prices are inflated. 6% of the purchase price is ridiculous. For 1-2 weeks of "work"? They should get a flat fee of $500. Not $50,000 - 800,000 in commissions. That's stupid. All they do is make calls. Yeah, my client is offering $20k below listing. But I can get them up $15k if you accept this offer now. lol ripping off your clients and not really negotiating on their behalf.

I did it for 14 years left in 2008 when the bottom fell out of the market. I did rentals for a while to keep my head above water then they dried up too! I prefer to not live on a rollercoaster I needed to take care of my family and needed a steady income. So many shady agents who will lie all day and I did not do that. Also other agents stealing clients I was just done with the BS

@CMBBmc-jd6ur

28 күн бұрын

Great comment. Hope you and your family are doing well! :)

@edmundmcgrath213

28 күн бұрын

Most are underhanded and shady IME with the 8 homes I've purchased..And Lazy too....Not all... it's just I haven't met any. I think the honest ones quit as their morals keep them from sociopathic behavior.

@asullivan4047

28 күн бұрын

Unfortunately it's the nature of the " Beast "-!!!😭.

@kohnfutner9637

28 күн бұрын

You sound like the good one that people need ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

@Godblessed2

28 күн бұрын

That’s why I left in the 90’s. Apparently not much has changed

My real estate agent wanted $34,000 for listing my house and handing me a sign to put on my front lawn. After 5 months of numerous lookers but no buyers I was finally able to get out of my contract and keep my home. It was the best thing that could’ve happened. I’m done with these rip off agents that do nothing. They bring a new meaning to the word lazy.

@Hilaire_Balrog

27 күн бұрын

Was your home overpriced? Try to sell it yourself and see how (not) easy it is dealing with buyers. Most buyers want the agent to be a glorified tour guide. Most aren’t serious. Some are sketchy. It’s not as “do nothing “ as you think.

@Selmerpilot

27 күн бұрын

Just go away. Realtors are the most overpaid group of under qualified-to-do-anything fakers the world has ever known. Never heard of a full time realtor who didn’t land into through some absurdly wealthy connection. Juice job for fakers while real qualified people work and make the world go round

@kisnhug6694

27 күн бұрын

I bought my home from a homeowner and it was very easy. ❤ I've been in my home for 8 years ❤

@YouTubeCommunists

27 күн бұрын

And greed.I blame them for unaffordable housing

@globalfamily8172

25 күн бұрын

that would mean your home was worth over 2 million. The agent only gets a quarter of the commission.

Yes, my heart bleeds for those agents that’s been sucking the homeowners dry for decades.

over inflate the house, to over inflate your property taxes..... it's genius!!!

@LJH662

28 күн бұрын

Exactly why builders won’t lower prices and offer incentives instead- in bed with counties!

@MrSteeDoo

27 күн бұрын

that's not exactly how it works. You are clearly a renter.

@Farcehole

27 күн бұрын

@@MrSteeDooThe back scratching between agents representing buyers and sellers was real. They work on commissions, and had every incentive to participate in driving prices ever upward.

@MrSteeDoo

27 күн бұрын

@@Farcehole No matter how high they might have tried to drive prices upward it still takes a BUYER who is willing to pay those prices.

@Farcehole

27 күн бұрын

@@MrSteeDoo And agents are colluding to rip off prospective buyers instead of advocating for them. It’s not a good look.

Not even the realtor that represents you has your back. They only care for their commission.

I have had nothing but bad experiences with anyone and everyone involved in real estate, from banks to agents.

@nicolenotizieeamici

27 күн бұрын

Not alone

@highlanderNC-mr8fe

21 күн бұрын

I had a bad experience with an appraiser. He was a grouchy old man and I guess we rubbed him wrong. He appraised my house for 30k less than it was worth at the time. Even the bank and the realtor who had done a market survey was appalled but could not do anything. We had paid for an independent appraiser about a year earlier and he had us 40k higher than this guy but the bank didn't want to use that one. The appraiser was a true as whole and cost us lots of money. I made him mad because I called and asked how long it would be before he came to see the house. He was huffy on the phone..guess it cost us 30k. He did it to get back at us. I called him and he was smug on the phone like "I dont care" banks going to listen to me anyway and next time dont piss me off.

To be honest, I don’t even know why we have realtors anymore. With all the tools on the Internet and considering the fact that they really don’t do anything anyways.

@katydid2877

28 күн бұрын

Agreed. Some states are non-disclosure though, so you can’t pull up sold prices for the area for comps.

@shonuff5878

28 күн бұрын

@katydid2877 now that's some BS right there. That's a problem in and of itself. I bet the realtor mafia is behind it.

@MrDepodot7

28 күн бұрын

Yeah, yeah I don't need a rocket scientist to show me how to "left click or scroll down".

@MrDepodot7

28 күн бұрын

I open the door, tell them to look around, and hand people pens for a million per year😂😂😂

@shonuff5878

28 күн бұрын

@@MrDepodot7 🤣🤣 Exactly man

There are realtors here in Southwest Ohio that have posted to their Facebook, they will refuse to list a house if they don't get their 6% commission. IMO looks like there will be a lot of realtors going broke faster.

@MichaelBordenaro

28 күн бұрын

I guess they won’t have any listings pretty soon

@adelgado854

28 күн бұрын

I guess they’re essentially saying they’re quitting.

@treesnmoguls

28 күн бұрын

6% of nothing is ZERO!!

@javaman7199

28 күн бұрын

@@treesnmoguls It doesn't sound like math is their strong suit.

@Leslie-xo9gy

28 күн бұрын

Lol my agent was told that my equity has nothing to do with a buyer who can’t afford to pay their “representation”. 4% and they can duke out who gets what 😂

Good. Realtors aren’t worth what they charge. If a house was priced like a good deal the realtors would always buy it

@michellebatzel5809

27 күн бұрын

Wish you much success in future transactions. Please make sure you know all state laws and disclose everything to prevent lawsuits. Make sure you also know about upcoming building projects in the area. Oh, and don’t forget to turn the lights out after showings.

@nicolenotizieeamici

27 күн бұрын

Agreed

@purplemonster2239

26 күн бұрын

​@@michellebatzel5809lol 😂. Agreed. 👍🏼. Many real estate agents do suck, but there are many more that work very hard to get that transaction to happen.

@GETBIG4WARD

24 күн бұрын

I agree they buy it first

Your honesty is appreciated. The financial manipulation in real estate industry is a fraud on the public.

When waiters run out of money, they're called, "losers." When dishwashers run out of money, they're called, "losers." When McDonald's workers run out of money, they're called, "losers." When real estate agents run out of money, "It's a three alarm fire!"

@nealruth664

27 күн бұрын

Yeah. Remember the gold colored jackets ?

@raymondlin8728

27 күн бұрын

Good point 😊😊. May have to skip a Starbuck or a take out dinner or 2, or lunch at Panera bread

@nicolenotizieeamici

27 күн бұрын

Exactly

@jonathanandrew2909

27 күн бұрын

Their boomer jobs are on the line! The humanity!

@michaelleary9233

26 күн бұрын

The jackets are still a thing in countries like Japan. Century21 just isn't as big in this country as it used to be.

In 2006 I went online, found a good amount of homes I was interested. I printed out my list and also did some fact finding on some of the homes. I met with a realtor, she had all of the same homes and a lack of info on most of them. What a joke.

@globalfamily8172

25 күн бұрын

what kind of info were you looking for?

We're all running out of money, Michael. SHOW ME THE MONEY 💵

@hectoramaro2238

28 күн бұрын

Michael got the money

@hendo19742

28 күн бұрын

GIVE ME THE MONEY 💰🤑👍👍👍🇺🇲🇺🇲🇺🇲

@darioxbrow9223

27 күн бұрын

KZread. You know how much money he's making?

@bigworm5024

27 күн бұрын

IT WAS JUST A MEMO

@usernameisusername

27 күн бұрын

🐒you are welcome

Yesterday I told someone they could write For Sale with crayon on a blank piece of printer paper and tape it to your mailbox. On my way home I actually saw a similar sign. Today it’s gone. Home sold. No realtor, no commission.

@marilynh5487

26 күн бұрын

I'm in Miami thinking the same thing 🤔

@tommielee8

26 күн бұрын

This is a whole different market. Challenging at best. When Florida was booming, this was not uncommon. Or wherever 21:36 the market was hot. A good agent will guide you through some really rough waters. But, beware. Sharks are all around. Not just the sales reps trying to survive.

@globalfamily8172

26 күн бұрын

Please tell us what town the house was in and what price they negotiated. I sold my own home FSBO, but it wasn't easy.

@sunnyday7843

25 күн бұрын

We did a FSBO about the owner and I were landlord and tenant for over ten years ( he was the landlord ) his family atty helped with the contract and we skipped using a realtor ! He and I enjoyed the entire process ! Saved us both some cash !😊

@globalfamily8172

25 күн бұрын

@@sunnyday7843 You were landlord? I mean why would you go any other way unless you wanted a higher price?

Agents are obsolete and 6% is taking way to much hard earned equity from the seller.

@FlatWaterFilms

28 күн бұрын

Just buy direct with cash.

@MaxHavoc69

28 күн бұрын

@@FlatWaterFilms That's what I do but to many people fall victim to the real estate agent scam. Think about it, on a house that sells for 500K the commission is 30K. If your house payment was 1700 per month you are giving an agent almost 18 months of those payments to sell your house. That also equals more than most Americans take home pay for 8 months for a single transaction.

@PascualMorales-py6gd

28 күн бұрын

@@MaxHavoc69 the commission is what you negotiate. the fact that you think 6% is mandatory or standard tells me you actually know nothing about how a real estate transaction works. also you think all that 6% goes to one agent? no, two brokerages will split that commission, and then the agent from each brokerage will get a slice of that. again, you really know nothing dawg

@Sheya404

28 күн бұрын

Agreed! Let’s do away with 6% commission. It’s ridiculous

@MaxHavoc69

27 күн бұрын

@@PascualMorales-py6gd I have extensive knowledge of real estate and your not telling me anything that I don't already know. The vast majority of companies in the Southeast have been charging 6%, every now and then you could get representation at 5% but that was difficult, especially on homes 500K and under. The current system is obsolete and needs a ground up restructure including flat rates for selling a home. A home for sale should have an open contract that allows any agent that shows and sells it to get paid a fee, that fee should never exceed 5K unless there are special circumstances.

There's way too many real estate agents and that's the problem.

@jasonnowicki5066

26 күн бұрын

you are right!!!

@purplemonster2239

26 күн бұрын

You could say that about any business/ industry, that there's way too many. If there's an opportunity to make money, especially lots of it, based on a need or a want, lots of folks are going to get into it.

@user-wp3cy3fl2j

26 күн бұрын

@@purplemonster2239 There's many industries desperate for more employees, people should be going into those jobs.

@GETBIG4WARD

24 күн бұрын

It’s a reason for that it’s a easy job that you don’t have to put any work on the body lost of women love real estate

@jtv9033

23 күн бұрын

​@purplemonster2239 there's def not too many construction workers...

LOL Everybody and their mother was an agent during FOMO. Thanks Michael and have a great weekend!

@MichaelBordenaro

28 күн бұрын

Absolutely! You have a nice weekend also Juliet

@gregorylyon1004

28 күн бұрын

That's because all humans care about is money. It's money money money

Michael is spot on, too many agents that don't sell anything, my wife works for Remax and talks about this.

@jimshoe402

27 күн бұрын

6% No Thanks You.The one told me I NEED my 6% in her BMW .😝😝😝😝😝

Should never have been a percentage commission structure. The process to sell a $200,000 home is essentially the same work as selling a $2,000,000 home. Make it a flat fee regardless

@rolandoaponte9062

17 күн бұрын

The process is the same but not sure if the effort is the same.

@tu24682k

8 күн бұрын

There’s less people who can afford a 2 mil than a 200k home. Not the same marketing and networking needed.

@mylifeinhouston

7 күн бұрын

Yea actually it’s not

*As a past mortgage broker, 20 years ago, what I saw realtors were NOT following the L.O. approval letter numbers to buy. Over priced homes and banks turn Down loans because there overpriced. Now my Narcissistic daughter is a realtor, I don't expect her to care snd lie. She's moving to Florida. In the past 1.5 years she sold four houses in Minneapolis, MN. She made $14,000. Selling four houses. Too much money. The Loan officer's do so much more work. Example 3 lenders turned down a purchase because the house was overpriced $30,000. but the couple wanted the home, the 4th bank did the loan on a interest only loan payment . The couple lost the house 1 yr. later. That's realtors for you.*

@barnabusdoyle4930

28 күн бұрын

I work as a closer for title companies. Something I have seen the last 2 years with new constructions is the property taxes for the escrow account being based on only the undeveloped land value and not the tax rate for the constructed home. This is always true when the construction company is also the lender. This is going to make most of these buyers see their mortgage payments go up by $500+ a month plus another $250 or so due to escrow shortage when the beginning of the year comes around. But you know they do it so the borrower both qualifies for the loan and so the payment looks better when signing the paperwork. It’s a disgusting tactic because guess who gets the house back if it’s foreclosed on.

@chriscleland7008

28 күн бұрын

@@barnabusdoyle4930Wow, that is crooked. Someday, the games are going to stop working and people are going to have to pay the piper.

RE Agents will always tell you NOW is the time to buy.!!!

@sneakytown

24 күн бұрын

Yea they care waaaay more about a deal happening so that some $ can change hands as opposed to whether it's a ggod deal for anyone or not

@crand20033

19 күн бұрын

It's not a good time right now. Mortgage costs are too high.

When I hear “you can always refinance” I always think of the stripper in “The Big Short” with 5 houses.

@javaman7199

28 күн бұрын

"We're in a bubble"

@katydid2877

28 күн бұрын

@@javaman7199 “It’s just a gully.”

Too much uncertainty out there for the middle class and the poor.

@blackworldtraveler3711

28 күн бұрын

There’s always uncertainty for people with debt.

@Twotone-ld1fb

27 күн бұрын

@@blackworldtraveler3711 I don't have any debt but im working poor and can't afford a home and like 40-50% of my take home income goes to rent and power.

@SarahGreen523

26 күн бұрын

What middle class?

@nellyjohnson7316

26 күн бұрын

@@SarahGreen523 there are a few out there.

@blackworldtraveler3711

26 күн бұрын

@@SarahGreen523 Read the book “ The Millionaire Next Door”. Many of us out there. Zero debt and don’t need to show off or complain when times are good or bad.

I gave my license go a few years ago! There is nothing to sell ! How can you sell houses when there are no houses on the market to sell!

@javaman7199

28 күн бұрын

Be like the realtor in Beetle Juice. Find buyers for homes not on the market.

@danettewelborn5577

28 күн бұрын

You let your license go, not gave your license go.

@PreppyPrincess777

28 күн бұрын

@@danettewelborn5577THANK YOU!

@LD__2416

28 күн бұрын

@@danettewelborn5577 Maybe she gave her license a "go" card...don't be so quick to be petty.

@THE-BASEMENT

28 күн бұрын

@@danettewelborn5577 He had two thoughts at the same time. 1. I gave my license up. 1. I let my license go.

Good , agents have been over pricing housing contracts for years. 30 days for a license is crazy to sell houses over a million is ridiculous

They run out of money to “buy” leads and are afraid to cold call.

Didn't all these Realtors save a ton of money at the peak of the housing market? The housing market was hot for at least 3 years. There's also zero need for Brokers. With technology now, we really don't need Realtors. Schedule your own home inspection etc yourself and save 18k on a 300k home sale. That home equity belongs to you and not to an agent(s) that spent maybe 10 hours or less working on the transaction.

@MichaelBordenaro

28 күн бұрын

They should have and if they didn’t, they deserve to go out of business

@treesnmoguls

28 күн бұрын

Don't agree that there's zero need for brokers. The brokers help maintain order and encourage transactions by increasing the home's exposure.

@javaman7199

28 күн бұрын

"Didn't all these Realtors save a ton of money at the peak of the housing market?" The problem with some people is that they think upwards trends will last forever. So why save when if it is going to continue forever?

@monicalee9659

28 күн бұрын

*Mortgage brokers do the hard work on loans, some loans are difficult to get done especially when realtors have driven house prices up for the last 20 years. Realtors show a few homes, draft minimum paperwork. I don't understand how they get paid so much. Sellers should sell their own homes without an agent.*

@bballah9969

28 күн бұрын

​@@monicalee9659 Realtors have driven the house prices up the last twenty years you say? Lol you are so wrong it's hilarious 🤣. Lady where did you get your info from? Real estate prices are based on the overall market and supply and demand not realtors saying your house is worth $500k when the comps say it's worth $400k

Every real estate transaction should be handled by an attorney ...the realtor is only a middle man

@sct4040

27 күн бұрын

I hired a lawyer.

@laindia8140

25 күн бұрын

Nah because an attorney will charge you by the hour after your deal closes if you need to speak with him. Agents will be there for you at no charge after the deal closes 😊

@dp.7616

25 күн бұрын

@@laindia8140 attorney offices do most of the work anyway, the only thing a realtor does is take pictures of your property , list your property and show your property...EVERYTHING else is all legal documents that is handled by an attorney office . Realtors are just a middleman. Even if the attorney charges 4000$ for the total transaction... It's still cheaper than 6% on my home value which is 60k

We're getting close to selling our house. Not because we have to, because we want to travel more. But, these agents are all aware of the NAR lawsuit, they know the NAR lost, they know changes are coming... yet they're not willing to lower commissions. Ours says the buyer's agents won't show our house if we only pay 2% to them. We're providing our own photos of our house yet our agent won't take a rate cut either. I dunno. I've thought about not selling until the NAR lawsuit is settled, but who knows when that will happen and if anything will actually change. I'm just tired of this obviously sketchy and rigged industry.

@katydid2877

28 күн бұрын

I used a flat fee brokerage in 2021. Not sure their price now, but it was $3000 to put the house on all the sites, sign in the yard, text set up for showings, and there at closing. I could pay the buyers broker anything, so I went with $3000. All worked out great.

@treesnmoguls

28 күн бұрын

Depends on the value of the house. If it's $500K, they WILL show it for 2%....

@RocksOff72

28 күн бұрын

@@katydid2877 $6K would be great! We're looking at a $38K hit right now. I've always hated that the seller pays both agents fees. I feel like we should pay our agent only when we are buying and when we are selling. If you don't mind me asking, what was the sale price of your house in 2021? I also wonder if that would work for us and our situation since we are in a rural area and not a big city?

@RocksOff72

28 күн бұрын

@@treesnmoguls we're looking at a starting price of $649K.

@LaurieLucia-kk6bp

28 күн бұрын

Recently retired - was in the mortgage biz for over 45 years. I’ve worked with real estate agents my whole career. Let me tell you- I can count on ONE HAND the ones that are honest and do a great job. That being said I have been shouting from the rooftop for YEARS that agent commission structure is bs. No agent no matter how good they are deserve 3 or 6% of MY EQUITY. So glad something is finally being done about it!

Can’t get insurance so forced to pay cash and not everyone can do that. More renters than buyers.

I retired my license last year. It was quite apparent that the industry was a waste of my time and energy. Most Real Estate Agents work very hard for those commissions... and the pay is good.... but I personally couldn't see myself suggesting ppl sell their souls for a house. (Not with my social worker background)

@charmingbeautytv4712

22 күн бұрын

Great job!

When the institution is corrupt those within are corrupt.

40k property tax. insanity!

@marblox9300

27 күн бұрын

Then don't buy multi- million dollar property.

@woodrmp1

27 күн бұрын

@@marblox9300I have a home worth ~$1.5m USD in Canada and my property taxes are under 6k USD

😂 I quit real estate 26 years ago. I was master of listing. Hard work. Hate the lying industry.

@shanenice5380

28 күн бұрын

Basically alot of industrial lies on everything

🎉🎉🎉 Great Realtors with a strong past of loyal clients will be the ones who will survive well. Thank you Michael. Blessings,Carlos ✝️🙏❤️😊🇺🇸

My Realtor used to call me every month to see if I was relocating. Haven't heard from him in 6 months. These are lean times for real estate agents in Central Texas.

The ones that gets on my nerves the most, are those barbies trying to sell mansions in L.A. or elsewhere.

Out with my family on a day trip in Maryland. I was shocked to see so many retail stores with literally nobody there. I know were in a pull back phase but seeing so many businesses with zero business was a wake up call. I got a hotel room right now for under $100 in a very busy area. Probably 15 rooms out of around 100 are occupied. People must be broke.

@romanshevy257

27 күн бұрын

Not so on the West coast.

@sharonproctor4079

27 күн бұрын

The cheapest hotel room motel 6 is almost 200 in New England in the summer and fall. Used to be under 100 before 2020

@jasonsheehan7782

27 күн бұрын

@@sharonproctor4079 I was still getting hotels in West Yarmouth for around $160 a night as of a few years ago during the summer. Its no Chatham or Orleans but good for vacation location. I miss Cape Cod!

@9:00 you hit the nail on the head. Someone warned me long ago. Success depends on having connections and knowing lots of people.

@missbearlockholmes

20 күн бұрын

It's like that with so many things. I'm pretty smart, and I work hard enough, but I'm REALLY introverted. People exhaust me. It's hamstrung me in my professional life.

A friend of mine owns a grooming salon and she hired a realtor that falls back on her skills as groomer when things get tough financially. Smart woman.

The real estate industry is in need of an overhaul, the commission that a seller pays is obscene for the service provided. Brokerages should pay a salary and a flat fee should be charged. Paying between 5 to 7 percent is ridiculous.

Less realtors? Good... Now we need less lawyers too...

@Casmige

26 күн бұрын

…but not politicians I guess?. 🤦‍♂️🤡😂

@globalfamily8172

26 күн бұрын

Be careful what you wish for. Attorneys do help people in many cases.

@onionpeeler2023

26 күн бұрын

@@globalfamily8172 attorneys made the system as screwed up as it is today, resulting in regular civilians not understanding the law, in other words, attorneys made sure attorneys never lose their jobs, they could care less about the average Joe, or the implications of such laws on the average Joe, there are reasons why people don't like attorneys.

@helderduarte213

24 күн бұрын

With less lawyers you get to spend more to defend yourself…

@onionpeeler2023

24 күн бұрын

@@helderduarte213 I don’t see prices for legal help going down, even though there are way more lawyers today vs 10 years ago. Also, when they do help, they help themselves in most cases, not their their clients, to them its all about money and power, seen it firsthand way too many times.

It is a miserable job unless you don't really need the money. If it is a spouse of someone with a good job, why not. But if you need an income to live it sucks.

@MichaelBordenaro

28 күн бұрын

You don’t have to tell me

@treesnmoguls

28 күн бұрын

Exactly. I did it for 5 years as a SINGLE person, what a NIGHTMARE!!

@jkmarshall3553

28 күн бұрын

You are correct!

@maryholloway5487

28 күн бұрын

It’s a huge clique! It’s all about referrals, who you know. If you’re not in that circle, forget it!

@MarekKolenda-cr8vr

28 күн бұрын

Sellers not sell because price inflation

Those Miami mosquitoes sound like leaf blowers today.

@MichaelBordenaro

28 күн бұрын

Ha ha yeah I ran into them at the end of the video again lol

No more outrageous 6% sales commissions? Life is so unfair, right?

@globalfamily8172

26 күн бұрын

NO ONE gets a 6% fee. It's usually split 4 ways.

As a General Contractor Developer, I got my AZ state real estate license just for the legal education. There were people in the classes who did not understand how to calculate percentage…..I never used my sales license….it was disgusting.

@marblox9300

27 күн бұрын

Your sales license….is disgusting.

@jimshoe402

27 күн бұрын

Did the SAME thing see what their Doing .BT 5 too and Trust No One my MOTTO.ALOHA

@marblox9300

27 күн бұрын

@@jimshoe402 Book him Danno.

The vast majority simply put a sign in your yard, post pictures and a 2 paragraph description on the internet, and then hound you with phone calls once the purchase process gets started, for a myriad of documents they forgot to tell you they needed. And for that... they want 6% of my hard earned cash? Nope. I'll call Homie.

@jkmarshall3553

28 күн бұрын

Ummmm... who's Homie? And is Homie going to do a better job?

@IP0Monsturd

28 күн бұрын

If Homie works for free he is a chump.

@CrowdControl123

28 күн бұрын

@@IP0Monsturd Homie is a flat rate real estate agency in Utah.

@ronniepratt8710

27 күн бұрын

List your own home and use Zillow format for description details.

@MichelleVoegtline

27 күн бұрын

The real estate agent’s realtor makes a 1.5% for doing nothing too. The buyer agents get 3% and the seller agents each get 3% then split 50/50 with their realtors. Some realtor split 60/40.

No need for real estate agents or insurance brokers

Wow! What a great video. you so well articulated. Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already..... I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

@CsokiBabi

28 күн бұрын

As a beginner, it's essential for you to have a mentor to keep you accountable..

@PatchettStalls

28 күн бұрын

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..

@TedStalets

28 күн бұрын

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..

@rogercav40

28 күн бұрын

I rather invest my money on crypto. Bitcoin trading is great unlike the stock market and other financial markets, bitcoin has no centralized location , since it operates 24hrs in different parts of the world....

@JasonGavino-dj6ze

28 күн бұрын

The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...

I’m so glad how you keep it real. But I left Florida 6 years ago & I lived in Tampa Bay. & truly it was the best decision I ever made. I left because my neighborhood started to go to shit and I saw the writing on the wall and my house is paid for so now it’s a rental and I moved to the West Coast Arizona to be exact but my real estate agent that is watching over the house and making sure the renters don’t F it up and pay the rent. It’s killing me now because she’s taking bigger and bigger cuts from the rent Plus, my property taxes have gone up tenfold

In 2008, everyone was quitting during the great recession. I had a neighbor who started in 2006, She sold 25 houses in a year and by 2007, she sold zero and quit.

Good , it should be just a flat rate …

@marty906

28 күн бұрын

Yea, $100 like car titles.

@MarekKolenda-cr8vr

28 күн бұрын

Get worse when inflation go up and interest rate go up

well, for years realtors have had a bunch of cake.....houses basically sold themselves.....now that its slowing down what Michael says is right on....but everybody suffers when the gov't "thinks" their smart!

We drove around to check out the restaurants outside and even went into a couple of them. The two we went into , they were Packed , people waiting to be seated. So we left, went to the next restaurant, it was packed with people and while we were in there , the people were coming in and waiting there too. Once we were done , we left and drove by the other restaurants and checked their parking lots and they were packed with vehicles. Every restaurants parking was packed. It's always like that in this region. You would have thought it was Christmas time !!! Sam's , Kohl's , Lowes , Walmart and including Aldi's . The economy NOT affecting these people. They are going on with their business!

@shanenice5380

28 күн бұрын

People have credit cards

@mph5896

27 күн бұрын

Depends on where you are at. Some older people have plenty of disposable $ they are willing to part with.

Most people don't realize how much Realtors work for free. Sitting at open houses, running around showing homes and not selling anything, Sitting on desk time answering the phone, mandatory meetings, putting up & taking down signs for sale & open houses, the paperwork, continuing education classes, the business cards, clothes, brochures, advertising materials, board dues, mls dues, wear & tear on your vehicle, etc. Realtors only make money when the house closes, they are totally on commission. I did it 5 years, its a tough business !

I had the best realtor I swear. Just got a house and she was amazing.!! She has been in the biz for awhile and had the connections need to make it happen for us. You definitely need a cohesive team for sure.

@humbleheart2650

28 күн бұрын

Yes that was the golden ticket for me….a professional, experienced full time realtor with knowledge of the neighborhood you want to live in.

I remember someone told “Don’t buy when your realtors driving Mercedes, buy when they come for showing with OLD Toyota”

I’ve always wondered why agents/brokers get 3% each of the total sales price. It should be 3% each on 50% of the sales price. They want to split everything but both take their commission on 100% of the price. 🤷‍♂️

Greed is the cause of this.

Admirable diligence and down-to-earth personality. Congrats!

@joycedudzinski9415

28 күн бұрын

Silly

You are absolutely right There are more more people dropping off selling real estate It's not worth it and even if you're renting out your properties what's starting to happen is the renters get in there and they stop payment ,that's another problem Big problem we've noticed that more and more it's happening

Long gone are the days of 5%, 6% (or more) listing fees! The new norm will be 2-3%! In the end, home sellers win;)

@globalfamily8172

26 күн бұрын

A listing fee goes to the listing agent. I've been seeing 2.5 to listing and 2 to buying. When it gets down to 1, you'll only have a skeleton crew of realtors willing to give up weekends for 30k salary. the industry will be run by online big business with volume sales.

Vegas is still a hot market thanks to people fleeing California, Oregon, and Washington. Property taxes are still low here.

@thomburleson7661

28 күн бұрын

Those property taxes won’t stay like that forever as the infrastructure gets strained due to the increased population. I have no idea why Vegas is such a draw. It’s desert for crying out loud.

@Tripp216

28 күн бұрын

But everything else in Vegas has gone thru the roof and the quality of people coming has gone way down

@Bethune98

25 күн бұрын

They are idiots to move to Vegas. It's not only the housing price, what about all else

@lynettetaravella2578

22 күн бұрын

Houses are not as affordable in Vegas. Why? People from California and outside of Nevada not only drove up prices of houses but rent as well.

It's sad, I always wanted to move to Florida when I retired. I now crossed it off my list due to the homeowner rates and unscrupulous dropping of coverage.

If you clean it from top to bottom, trim up the yard like the property is cared for, then price it right, the property will sell. Clean & tidy, cared-for sells, if that means emptied out, then empty it. I hire discount agents from good companies. Know the competitive houses, how many sell, what they sold for. Just price it right. As for houses, I always tell everyone, these are structures built by men. Look at a lot of them, closely. You can see how well built they are, talk to the neighbors, be picky. And understand, every house has it’s issues. If everything functional is ten years old, you will be replacing it, roof to water heater, go with quality. Look for signs of leaking and don’t think a new build will save you, watch them building other houses. I recommend bringing a chair & a cooler of food & drink, watch them build your house, stop anyone, if anything looks wrong, you are paying for their labor, you are the boss.

I agree Michael!! I’m a one person establishment and TC my own files. Clients get the best service this way as any time they call I know exactly where their file is at.

Thanks for keeping us up to date.

Thank you to our host for these walk-around outdoor presentations. We always learn from your research

I absolutely love how you take a break between the "hard truth" you give so honestly with the SILENT views of the areas where you are walking. It gives me a chance to breathe before you hit us up with more info 😅. Its truly thoughtful!!!! Thank you ❤.

Realtors are really gonna be crying when they are gone completely…. They add zero value but take 6-7 percent…… those days are thankfully sunsetting

@globalfamily8172

26 күн бұрын

Seriously, they do not get 6-7%! They get about 5 in my area and split it 4 ways.

What a gorgeous view 😍... The neighborhood looks nice too ❤

The entire industry needs a revamp. It is a outdated antiquated system. Just like the car dealership system is not only broken but actually designed to allow unethical behavior.

I need some tank tops

@well-blazeredman6187

28 күн бұрын

Fight it! Fight it! 😂

Most listings I worked hard for, but some I sure didn't. About 15 years ago I noticed more and more buyers and sellers were making decisions on agents based on who had the sleekest website, and not on referrals from satisfied clients. Like you, I was a one-man-show. My clients called, and they got me. Not an assistant, not a transaction agent or team leader...ME. Too bad that ethos is gone. I saw the writing on the proverbial wall, and started turning a few gems I would come across into rentals. That snowballed into what we manage now.

Excellent video today, thank you for sharing

I have been looking at houses for sale in Florida and over 90 % of the listing prices are still way too high.

No one should be getting paid 4 or 5% on every listing and sale you make. The prices for housing these days is outrageous. You shouldn’t make 5% on multimillion dollar properties.

Michael your videos are great.

Enjoy your walk and talks!

Ur knowledge on different issues is tremendous

In South FL,the decent housing inventory with affordable pricing is nil. Same in the Treasure Coast and West Coast. Paying $400,000+ with todays insurance and taxes is a joke. Pre pandemic, there was a plethora of nice homes to choose from $285,000 to $325,000. Inventory still way too low. Don't rush to overpay on a depreciating house. Wait and avoid buyers remorse.

Great show Mike❤

Deadwood is everywhere in all businesses and government.

@orbitalair2103

28 күн бұрын

Mostly government.

@marblox9300

27 күн бұрын

Government is mostly dead wood.

Realtors as an industry are a dying breed, and they know it. With technology. all you need are title companies, and an intermediary to show properties to perspective buyers.

Thanks for sharing.

You're right that it will not get better.

In the mid,’80’s I bought my first house. I was very specific about where I wanted to have a house, close to my job. My agent basically steered me to every place I didn’t want to be. It was my first experience and should have fired her but didn’t know. I found the house I wanted and she got the commission.

This isn't a financial crisis, this is the fair market system adjusting back to normal after a period of unbridled economic enthusiasm. This is how it is should be.

TY Michael for the real news and lovely area. I'm looking forward to see how N. Ca looks.

This is a healthy thing to weed out the week and people that shouldn't be in the business anyway.

Thanks!

@MichaelBordenaro

28 күн бұрын

Thank you!!

Great information, thank you.

No tears shed here. I worked as a realtor for a year. I couldn't take dealing with the scumbags stabbing each other in the back, stabbing customers in the back. Well, I guess they're not as scumbag as personal injury lawyers, so there's that.