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A Lot people Could Lose Their Home Because Of This
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30,709 Views • Sep 30, 2023 • Click to toggle off description
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Views : 30,709
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Uploaded At Sep 30, 2023 ^^


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RYD date created : 2024-07-08T05:40:21.525914Z
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YouTube Comments - 79 Comments

Top Comments of this video!! :3

@ownsilver

11 months ago

Since buying my house my insurance taxes and repairs have doubled

29 |

@coinbaron8141

7 months ago

Here in Michigan we have that law that only allows the government to raise property taxes by 1.1% a year. My property taxes are so much lower than others.

6 |

@mattclark6482

11 months ago

Also, the value of your home is what someone will/can pay for it. If you're sitting on $500K in equity, but the prospective buyers can't get a decent interest rate loan to buy that house from you, then your perceived equity is a fantasy and will soon be revealed as such.

19 |

@BosMass617

11 months ago

HOA fees are killing everyone in my building. My father warned me 30 years ago about condos. he always said you never really own them. I’m hardheaded

6 |

@GLDn1

11 months ago

As credit cards near the limits, credit scores plummet. Simultaneously, housing equity drops and the cash out refi games are over.

14 |

@jamesjrdollenmeyer8301

10 months ago

Never buy a home with a HOA.

13 |

@glengarbera7367

10 months ago

My house is mortgage free brother. Two and a half years behind in land tax 17k. Need a complete renovation, including roof and windows. and credit card, which is at 10k. I'm feeling the pinch.

4 |

@thomasjensen6243

11 months ago

I'm already homeless......nothing impacts me.

24 |

@MgtowRubicon

11 months ago

Never own or loan in HOA. NEVER!

27 |

@cheebug

11 months ago

I bought my house cash after the 08 crash, it was abandoned for a couple years so I got a great deal. Never had a mortgage. Life is good. 👍

8 |

@chuckelsewhere

11 months ago

not to mention that many mortgages come with clauses like you must have home insurance otherwise you're breaking the terms of the mortgage

9 |

@rachelcarter8669

11 months ago

My home insurance doubled... My property taxes an additional $2000 a year.

18 |

@57054

10 months ago

That explains why half the homes in my neighborhood are an eyesore, cracks in driveway, peeling exterior paint😅

2 |

@JonSmith531

11 months ago

I'm commenting from my tent under a bridge.

5 |

@TwitchRadio

11 months ago

Kind of wish I owned a house though because renting sucks.. But you don't have to worry about taxes and maintenance costs which is a bonus... But for me I don't pay property taxes as long as I file the paperwork for Disabled Veterans permanent disability... Not every state does it... but even if I did that I would still have maintenance cost and a mortgage payment... but on the other side if I did have maintenance costs in the mortgage payment will that supersede the payments I'm making now as a renter.. I'm paying $2500 a month and live in the getto of Tacoma... Vs, having a monthly mortgage payment of $1000 - $1500 and possibly living in a better area, but have to do my own maintenance or hire people to do so... taking it even one more step further I prefer to buy a piece of land.. 2.5 Acres or so... find a used double or triple wide trailer put it on the land fix it up, that way if you do have to pay taxes and you don't have tons of money to Fork over every year the taxes on trailers are taxed at a automotive level vs. The housing level.. no clue why but I'm not complaining😂... then you can use your city water and City Power but what might be a better Advantage is having your own pump house and well and just gets applied electricity from the grid at a pedestal like any other mobile home... isn't the fanciest place ever... hell no... can you improve upon what's on your land at a later date and save a s*** ton of money... Hell yes.... shouldn't have to go to these big extremes just to have something to call your own and not worry about your landlord going to kick you out and Yadi Yadi Yada, but I bet someone who's able bodied can do this (at least in my area, WA) for around 250k to 300k... yeah those are still pretty big numbers but that's because of the area I live in.. But down south, 100k - 150k I've seen it done for... and it's reasonable to think of somebody saved up for about six to eight years and they put their money to work in the stock market or whatever you do to grow your money, can be achieved... Me I've been at it since 2014 ish, saving, investing and patiently waiting to do something like this and I'm almost about ready to cash in to do this... honestly would have been sooner but we've been in a downward Trend in the market for most of that time at least in the commodity space where I like Trading..... But honestly I'm just waiting for this lost Popoff in the commodity space, honestly I can see it being expended out the 2026 before major pumps in markets... anyways I'm just rambling maybe giving somebody else ideas

3 |

@terrymoore565

3 days ago

Taxes...Insurance..loss of jobs..food prices tripled..etc

1 |

@headlibrarian1996

5 months ago

Your current low mortgage rate locks you into your current location. Current rates are killing labor mobility.

1 |

@nslcap

8 months ago

It's resilient because it's a fixed asset during inflation. Like gold you can live in.

2 |

@LeviHeatonIII

10 months ago

It prevents anyone from improving their position/class status. Everyone is stuck where they are.

1 |

@PetarAmerov

10 months ago

You are a great guy with moral and etics!

1 |

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