Remember All Those Disasters This Month?! ✅ ✅
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Homeowners and Property Investors are entering a world of uncertainty as mortgage rates rise, utility bills rise and now property insurance rates are likely going to skyrocket beyond belief due to natural disasters that are occurring around the country. These disasters will cost insurance companies billions and billions of dollars and these insurance companies will do one of two things: (1) they will absorb the losses or (2) they will push off their losses across their other policies to offset their new expenses.
I believe that they will do option two and spread their losses nationally and we will see higher rates continue to get higher pushing property affordability to a level in which most people simply will not be able to own their own home.
If it becomes cheaper to rent than it is to own, people will likely be forced to rent. This will likely cause a situation where there is much more available supply for sale than available buyers to buy these properties leading to a record decrease in property prices.
#economy #realestate #thisisjohnwilliams
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Ohio, Texas, Florida, South Carolina, Michigan.. All HUGE DISASTERS.. All in the matter of the last few weeks.. Millions of property owners, farmers, etc will file claims, insurance companies will lose BILLIONS – they will spread out their losses NATIONWIDE.. Rates Will increase MUCH greater than people realize this and next year..
A while since I've seen John in my feed. This reminds me why I subbed. Opens with stellar take on the Feds 2% suicide mission. Followed by a master class on the forces behind a massive home insurance iceberg ahead that nobody sees. Or at least the first time Ive heard of it. Big implications for me personally.
$10 for being FIRST! again and teaching me something new
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Hilson Ferguson. I now make huge profits by weekly through her services while still learning to stand on my own.
You're exactly right. That's exactly what I did.
Kissimmee is 30 mins way from Orlando not Miami
bring inflation down by setting the fed rate to 15% (or what ever the real inflation number is) , 15% would be a starting point to controlling inflation, all the other crap should subside
Dude, Kissimmee is 30 mins away from Orlando, not Miami 😂.
Credit is slave money.stop the debt..Orr b a slave
💯💯Great job HONESTLY, The right information is what we need now to be successful in life and The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on government.
Look at Florida HOA listing their condo in the low $200k to $300k range and their monthly HOA is $650 to $800 a month. Wild stuff.
Since the administration we have is causing all these problems by extension maybe it's just time that we get rid of this Administration get a few Patriots that are still in the military to rally the troops march on DC and remove Biden Etc. Talkin military coup d'etat just like Pinochet did in Chile in 1973
Kissimmee 30 minutes from miami? Wtf
We got a letter from our mortgage company today saying that our escrow is $32 short and how our payments will INCREASE starting in April by 3-4 more a month. So, prop taxes and or home owner's insurance is going up
Kissimmee is 30 minutes from Miami? Who are you kidding?
My insurance just double in Florida for all properties. And they are going to start requiring flood insurance even for condos that are 100 feet in the air. It makes no sense
You keep pronouncing the "S" in Illinois. The S is silent. Just like in Arkansas.
Also, remember the riots of the summer of 2020 caused $Billions in property damage across the country. My Agent told me that is also a significant reason insurance went up. I wonder how vinyl chloride tastes when saturated in your veggies?
Well of course and they can buy the property common sense! Most property value is going down so they can't do that ! They're going to be bringing in for residential homeowners Green New Deal you have to meet certain specifications that's in the works too! Thank you !
🙌I really appreciate your clear and simple breakdown on financial pitfalls ! I lost so much money on stook market but now making around $5k to $7k every week trading different stocks and cryptos
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Good. It's your turn to suffer greatly. It is God's will cry babies
Its a scam banks and insurance companies your members in congress needs to be fired they are in on it
Derailment are mostly Republican states