Job Market Approaching "DANGER ZONE" TOO MANY LAYOFFS
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- There are 2 big factors that will likely lead this current economy into recession. The commercial real estate nightmare and the rate at which unemployment continues to grow. If people don't have jobs, they cant pay their bills, which is something we are already seeing with all sorts of consumer delinquencies on the rise.
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Truck Driver Shortage WILL CRASH THE ENTIRE ECONOMY th-cam.com/video/PzUUVn53M-I/w-d-xo.html
got a random video this morning.. a guy who operates his own truck company... he said california fees are thousands per truck and many days at the dmv for smog and other things... and they want to pay him 350 for a 12 hour job, overnight drop and all...
@@dertythegrower Michael B is our modern day news anchor.
Ai will solve it, most trucks will be robot driven, sad but true
There’s only a shortage of people willing to work for negative earnings.
NO, it wont. Did you know that there is a large number of truck drivers who are serial killers and rapists and kidnappers? NEVER trust a truck driver. NEVER!
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Mind if I ask you to recommend this particular coach you using their service?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so many ways! She has upscaled my portfolio and even got me reading self help books haha
That's an intriguing outcome. How can I contact your Asset manager?
I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I just lost my job of fifteen years. They made a lot of excuses, but I believe that it was simply a need on their part to reduce labor costs 😮😡
They're gonna hire a bunch of under qualified people in 6-12 months. I'd bet anything
Sorry to hear that mate. Best of luck out there. Losing your job is a pita. Been there done that.
@@skippyzk if they’re still around even 🤔 Their business has dropped quite a bit in the last couple of years 😌
What were you doing, I just built up three years with a company. Finally got 1st shift and then dumped off as well
@@1969bones69 Thanks ☺️
We been in a recession for a few years and just now feeling the effects.We are entering a depression
We are entering an Inflationary Depression ... That is worse than a Depression
Its like Herpies for the Economic-Depression
The establishment won't declare a recession until their political opponents are in office .
You're right. its called stagflation and is worse then a recession
@@maryelizabeth8793I keep getting blocked. Here's my response a 3rd time: stagflation
We are already in a full blown recession. Just look at the sky high prices of everything and all the homeless people and cost of living. It has never been this bad in my life. 2009 was nothing compared to this.
Sure thing there big guy
Absolutely true!! Those who haven't been hit will always talk shit back
@@michellebeuter1871also some people oddly believe they’re doing great even when they aren’t basically “I buy everything on loans can’t afford more than one kid or a house or my car or to pay off my student loans but I travel on credit cards and am one pay check away from disaster and anyone saying the economy isn’t doing well is right wing misinformation “
2009 really wasn't that bad compared to now. At least in 2009 I was able to afford a studio apartment in one of the most expensive towns in the county, working at Target and McD's while going to college part time. Now I have a well paying job in 2024, and I'm barely hanging on living with roommies in the last affordable towns in the same county. 2024 is definitely worse than 2009.
@@lordrayden3045If you disagree with his statement then why not say why?
My wife is a 29 year career Bureaucrat in a State Agency. Unemployment Claims are rising.
Lots of 6 figure jobs being eliminated. Line workers are safer than the mid level management or superfluous VP.
Good.
way too many managers that do no work and get way overpaid. Managers are people who cannot do the actual work and thus take management jobs.
Good news.
Losing 80% of middle and upper management may actually be helpful for most companies.
@@berndclemenz9841 No joke, AI can already do 80% of most management jobs. Some jobs actually require real team leaders willing to tell govt. regulators and corporate why they're wrong, so they'll be safe.
Unemployment numbers are much higher than what they are reporting. All Smoke and Mirrors. Glad you are enjoying the cool weather. Thanks Michael and Happy Sunday!
yep.. some people dont qualify, so they dont even report they are... they never could get that number accurate, ever
LOL
Ok
I remember reading a comment years ago of someone that worked in his States main unemployment office. He said that every year when the news reported the unemployment numbers his whole office would chuckle because they knew first hand that the numbers were altered.
Yes, they are
Michael indiana has all these ugly solar panels and windmills, I was under the impression that alot of this energy was going to the west coast, you woul think that would bring down the cost
Tough times. Many people resorting to side hustles like delivering for Walmart+, Uber Rides, Uber Eats etc. We have been in a recession since Fall 2023, regardless of what the mainstream media reports. Use your own eyes, and common sense.
I've got four eyes and no common sense. 😂
Recession since 2021
The controllers think we are stupid, but we are not.
The system died in 2008, we never recovered, the can was just kicked down the road and we landed where we are today.
NOPE
We're already in a recession. Our friends with businesses (Eye Dr, Dentist, Restaurants) have had to layoff people and feel very sad about it.
Dental work is extremely expensive even with comprehensive insurance! I’m getting crowns and the out of pocket is ridiculous they should be ashamed
A lot of Americans are going to Alamogordo Mexico to get their dental work done at a fraction of the cost. American dentist have lost their damn minds. $2,000 for a simple crown? Get f'ed, USA!
@@user-sg9om8zi8y The definition of a recession used to be, "2 consecutive quarters of negative growth." With that being said, the recession started in the summer of 2022...
You're right. We have been in recession for a while now we are heading for depression in 2025
@@Sparkle-ey7iw Every dentist I've seen spends like crazy. Range rovers, boats, and mansions.
Five people I know, including myself, got laid off last year and have been unable to find a job. The employment benefits ran out, and we have dropped off the unemployment report numbers!!!.
How are you surviving now?
@@DIVISIONINCISIONThat's what I want you know. Where are they living if they have no income whatsoever?
^ probably with family/friends while working gig / entry level jobs to help
Shouldn’t they be including the kids that graduated from college and decided to stick it to the man by living with their parents, and not working, in the unemployment numbers?
From what industry?
Recession comes with expansion if you are well prepared and equipped. I've seen folks on verified posts that turned millionaires amid economic downtrend, and even pull it off easily in a favorable economy, it all boils down to proper asset allocation.
yes there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
A lot of folks downplay expertise assistance until being burnt by their own emotions, no offense. I remember 4 years ago, amid covid-outbreak, I needed a good boost on my finance, hence researched for licensed advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m notwithstanding inflation.
sounds great! i've never utilized a financial advisor but enthused about making money from the stock market, could you be kind enough with info of the advisor guiding you please? I could really use some guidance
Katherine Nance Dietz is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
insightful comments, curiously searched Katherine Nance Dietz on the web and at once found her page, no bs!
she seems impeccable..
Most people who work regular jobs are already 25% down a year because that's how high prices have gone anyone with children I'm sure has found a very very hard time just feeding them and so they're living off credit cards. The elderly with hospital bills and medical bills and Medicine are probably having a very hard time affording that too. This has been going on for years I've been watching the prices go up at the grocery store and the products shrink.
I am in medical bankruptcy right now. No credit cards or other debt. Hope I don't get sick again!
But the illegals get everything for free, that really burns me up right now.
Remember when fruit and vegetables would cost nickels, dimes, and quarters?
Now it's like your buying meat and meat is like your buying drugs.
I am happy you agree with the government inflation numbers.
1 man news update better than all the media combine.
He actually puts down a real good news update without all the bs !
💯🤘
Citizen journalist 🇺🇸
@@DrewH-zv9izIs that good or bad?
@@BREEZYM6015 I would hope you think that’s a good thing
Our central AC compressor went out. To replace the entire system (the condenser, coil, and replace the old furnace) we are getting quotes $12,000-$16,000. We decided to go and buy a handful of used small window units for $40-$60 each for the bedrooms and a $450 large window unit for the 1st floor of the house. We are just fine and are actually saving money on our electric bill by being able to control the AC on a per room basis. And best, we aren't having to shell out all of that money replacing the system. The furnace works just fine so we are good for the winter. Everything is so expensive now. I don't know how people are able to afford anything anymore.
get a second opinion. This may be sonething as simple as a failed start/run capacitor or condensor fan motor. HVAC techs absolutely cannot be trusted when say that the entire system needs replacement
We did the same. It helps to control costs. We have 3 but currently 2 running. We put the hose in the fireplace to reduce heat coming in thru the windows.
Living here in Thailand a ac unit is a split system it’s damn cheap 9,000 btu unit installed 400.00 USA is a rip off
Mine went out last September, and I told myself I would replace it when spring came. I just bought 2 window units. I am very pleased with it. My electric bill is half what it was and the house is comfortable, I am not going to the expense of a whole new AC system. Not worth it. The heat still works.
@@joeimj6203 exactly
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
How can i reach this abby Joseph Cohen, if you don't mind me asking?
@@LuaraWattel
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Great share! Out of curiosity, I searched Abby Joseph Cohen Services online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
@@JulesDeshaun
Thank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
Thursday my company laid off more than half our Workforce I am luckily enough still working there for now, my brother's company laid everyone off 2 weeks ago
35 trillion in debt this Friday! Way to go congress!
America is #1! USA! USA! USA! 😃
Congress = Opposite of Progress 😂
There’s a lot of money out there it’s just in the wrong pockets.
A new record!
This president is on record for the most spending of any US president prior. No wonder our dollar is becoming weak. Just put it on the tab!
I’m currently looking for a new job and MAN, the job market is not looking nice right now.
Very grateful to have a job currently. I would NOT want to be unemployed right now.
I wouldn't bother looking specially u have a job. The grass is not going to be greener elsewhere. Ride it out and hope for the best, keep expenses low and reducemdebt
It is very very easy to get a job if you have any skills.
@@josefj1776 Nope.
What skills specifically?@@josefj1776
And let’s mention ageism. If you are above 50 years old, good luck getting a job anywhere.
This feels worse than even 2008. People love to catastrophize then but I job hopped low level office jobs then. Now none of those low level jobs even exist let alone hire. I have had awesome experience since 2010 but it doesn’t matter. No one hires
You need skills and credentials to survive a recession like this. That means trades or medical, possibly academia. Most other jobs are redundant, even Tech. Tech jobs are laying off the most. Some of those people have been out for work for more than a year.
This IS worse than 2008
@@DIVISIONINCISION yeah this is my issue. I'm "tech" adjacent (on a side note I hate the term "tech" because I think it should be reserved for actual tech like telecom or engineers or electricians). Corporate America just does not care about anything right now, it seems. Everything feels like it's on hold. Not much new products or innovation going on. I've even worked at places where they're fine losing money in some areas rather that hire someone to do the work of management an area or product. It seems like that attitude is oddly more prevalent.
@@istvanpraha Time to pivot to a new career.
@there was. MereAYT
A friend in Vegas is looking. 6-months ago he'd get at least 2 responses per 10 resumes, now lucky to get 1 response every 20 resumes. He said it's a different market now.
Ugh!
Mom and pop shops are disappearing at a furious rates. Dustbowl conditions will soon prevail.
😢
Unfortunately, you’re right. Only the Big Box Retailers were “allowed” to remain open during the last Plandemic.
@@stephenlea5765 Along with strip clubs and massage parlors.
@@stephenlea5765Planned pandemic?
All by design. The people never wake up. They just keep buying in to this hell system. Sad. Oh well.
Savers have been punished for the last 15 years and borrowers vastly rewarded! I can’t stand it, trying to be smart all my life so I can lose it all to inflation now..
yup sux what has happened with fiscal policy past 23 years
Central banking and fiat money is all about stealing the fruits of a person's labor through con games like printing money and market manipulation.
Lol yeah listening to Dave Ramsey the worse mistake I ever made.. I should have been up to my eyeballs in debt.
"smart". Guess not.
A friend of mine just got laid off from their VP position of a cosmetic company. Never thought they would of been laid off.
Unfortunately, nobody is safe in this economy. None of the companies are loyal to employees.
Airborne! I was in the 82nd 1993-1999. 1-17th Cavalry. I ended retiring from the Army in 2015 after 23 years.
Exactly the type of overpaid workers that should be hired/laid off.
*would have
They are cutting fat...our VP of marketing was also pushed out in a politically correct manner...crazy...they are cutting fat
You get what you voted for meant something 40-50 years ago. Politicians today are so concerned with disputing each other that nothing is being done. We are a nation spinning its wheels.
And we didn't even vote for the imposter in the oval office. Let that sink in .
What needs to be done in order to change the trajectory of the current economic climate?
@@phuchyouh7171 you are only good at pointing the finger one way. Must be living on the maga planet .
@@phuchyouh7171I’m sure the commenter knows that. Hence the statement.
World Wars typically help unemployment. Looks like we're on the verge of one now.
Mark Twain said The coldest winter I ever had was my summer in San Francisco.
Mark Twain also said "Never argue with stupid people. They will drag you down to their level and beat you with experience."
What is the implication of that statement?
There Is truth to that statement! I remember being there one summer. I had to go buy a sweatshirt cause I was freezing!!
@@BREEZYM6015REALLY?!
@@BREEZYM6015 It's not a political statement, it's just Twain's satirical and dry sense of humor. My favorite quote from him (in regard to how much time we spend worrying in our lives) is: I've expereinced many tragedies in my life, some of which have actually happened.,
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for the recommendation. I'll email her and hope to get in touch soon.
Do you really believe ANY ECONOMIC number this administration puts out?
Nope!😂😂😂😂😂😂
Or the constant TH-cam economic analysis? Like this guy. 😂
No I do not they lie about everything!
We have to create more government jobs. Problem solved. Vote democrat
It's not "this" administration. It's every administration. Wake up.
I'm willing to bet that the vast majority of people are not aware of how fractional reserve banking works.
Schools never taught it for a reason.
The numbers of unemployment is higher than being reported! The massive increase in layoffs is extremely alarming!
Woe ! You mean all those people who are supposed to be working at home are just not working ?
Not worried about layoffs as we have 5-6 million hired every month for years now.
@@josefj1776
Where did you get those stats from? Nothing in the current market supports those stats...
@@Dorian_Gray83 they are from the BLS and have been reported for years. It is the same place they report job openings. Google 6 million hired.
@@josefj1776
Lol. I have checked the website. You do know most of those jobs are part time and temporary jobs right? The only full time jobs are the government jobs. We are loosing white collar, full time jobs at a rapid pace. But hey, let the economy slowly expose our weak job market...
Thank you to our host for taking us along on this outdoor walk-around presentation. Thank you for the research and content.
We were driving around independence Missouri and could not believe how many businesses went under. Whole strip malls gone.
Here too in California in wealthy areas left during Covid and never returned
The interest rates are low, but the price of houses are huge. This makes an house payment out of touch for most people.
Lower prices
Just don't cut rates
There are 90M single family homes. 60M if you count just owner occupied. 170M people work.
So yes, only the top 1/3 can obtain a SFH. Most cannot.
Get a condo or a cardboard box. They are cheaper.
I am giving up with the jobs 😢 I have been working 6 days week to still have nothing. Just going to move in the car and travel the USA
Sorry to hear bro!! Maybe another state will be better!! Best of wishes!!
@@journeytrials yea I do TH-cam videos so just want to live my dreams of travel
@@VedicKnight that’s very cool! 😎 just checked out your channel! Hope you don’t get discouraged and keep pushing!
@@journeytrials thanks
The problem with coyotes is that you only see one, but there's 10 or 12 in the bushes! They run in packs, there's never just one. Imagine fighting a German shepherd, and you are holding your own, maybe, and then 3 pit bulls start chewing on your ass while you're fighting this one dog in front of you.
Oh my gosh. You’ve actually been there.. 😂 too funny
Coyotes are pretty bashful of adults (not kids or pets). Pitbulls will rip anyone apart, they're not scared.
Coyotes have been known to lure small dogs deeper into the forest and then kill them.
They are sneaky dudes.
Coyotes will attack people only if they are starving or you threaten them in some way. Otherwise, they’re smart and avoid people at all costs. Small prey and pets are their food source.
@@kimdavis5403
Also small children (toddlers).
Hi Michael, I’m from California love it I live in my RV full-time i’m fully self sufficient I also have a car to go to work every day, and all that money is mine thanks for your videos. PS our country is in deep duckies ❤
What are parking costs yearly KOA an such
What type of rv are you in?
All the things you talked about are the reason I left CA. I'm very happy in South Carolina now! I live on 5 times the land that I had there. Plus a new house above the lake! All paid in full! It's a wonderful lifestyle for me and my dogs.
Thought about South Carolina by the beach, however the culture is very conservative there and Texas offers more.
@giselawatson2203sorry CA and yankees have moved here and bought everything. Home prices way above salaries here.
@@slackjaw4270you’re not wrong. Nc native. Can’t find a decent paying job and all the out of towers are buying the affordable houses in cash. Cost of living and price of goods is going up too. I’m from outside of Charlotte. The locals are now getting hostile to the people moving in.
@@FurrReal56 welcome to carpetbaggers 2.0
@@FurrReal56 The top 20% can afford to live anywhere. We need to get all the Gomers out of Washington(Pelosi, Schumer, McConnel, etc) and make lobbying illegal, or nothing changes. Younger generation needs to vote for legislators that will not keep sending billions to foreign wars.
I keep my AC at 78 in the summer. I live in Kansas and this whole week will be in the 100’s. 78 feels pretty good! My electric bill runs around $85 a month.
Me also, keep my central ac and garage mini split system set to 78
here in Fl and bill is 120.00/month.
I’m not spending. I’ve always been a saver. Live below my means. I agree with Michael; I am earning more interest than at any other time in my life.
Same here. USAA had CD's@5.15% for awhile.
same
Local credit Union cd rate at 5%. Been buying CDs for decades and it's the highest rate ive ever bought.
My son has lived in San Francisco since 2015. First he lived in Berkeley and his rent was $2700.00 for a 1 bedroom apartment. Then he moved to Pacific Heights a few years ago and now he pays $3300.00 For a 1 bedroom apartment, I’m sorry, but I think that is absolutely outrageous for the cost of housing out there!
Well he must make pretty good money to afford that.
I was once told that sunshine is awful expensive.@@MrSteeDoo
F that noise
Salaries are high
My PSE&G bill tripled when they switched the meters to smart meters, eliminating a tech to read ur meter instead it’s read from their computers. It’s a scam for some ppl especially if ur not using the amount of electricity they r charging u for.
The owner should just tear down the house and sell the land as a parcel. He/she would probably save more than the cost of demolition in property taxes alone.
It's not just the interest rates, it's inflation too.
I always thought this was the goal.
Raised interest rates => mass unemployment => no buyers => reduced prices.
That's how they counter inflation.
yes that is basically what Powell said when they decided to drastically raise rates from nearly 0%
Yeah. But this is a different animal . This is like self expression. Your kids crazy socks and pajama day all in one..unpredictable..
Why is a central banker fixing prices as if he were some kind of Society Central Planner?
What ever happened to the free market setting prices.
Looks ridiculous.
You got to remember that it's all about the profits.
Getting pretty bad. Big Lots in my town is closing. We also just lost a Rite Aid distribution center. The people who work in the Rite Aid store say it's only a matter of time before the store follows suit.
So sad..😢
I'm from the Bay Area and recently moved to Vegas and while I don't miss the politics and cost of living, I do miss the weather and the beauty of the neighborhoods
I've lived in Las Vegas for nearly 24 years and would like to move to a smaller town where it's cooler, greener, and quieter. A small town in Kansas is on my radar but I'm stuck in my mortgage agreement for another two years before I can think about selling.
@@Sams911 how's live in Vegas? What made you move there in the first place?
@@lam7499 honestly man it's not growing on me... ugly town for the most part, lots of stucco, strip malls with dental offices and vape shops... Nothing really quaint about it, and besides the Red Rock canyon area, there is nothing redeeming about the landscape. But I'm saving a ton on taxes, so for now I'll deal with it.
@@Sams911agreed. I lived there for a year. I own a home I rent out in north vegas near the va where I worked. I would escape to Utah often. Vegas lacks soul. I did enjoy the restaurants, nightlife, and now...a lot of sports. Too hot though.
@Sams911 gotcha, appreciate the reply.
I've visited the Southwest a few times and even considering moving there sometimes, so it's nice to hear how (at least one city) the region is. Even if it isn't positive it's still valuable feedback
I wish we had cooler weather. Here in St. Louis. It will be 100 plus with heat index all week.
Yep climate change
Same in Las Vegas.
😡
@@user-lw7rp4eb3k Yep, climate change.
@@user-lw7rp4eb3k yep, climate change.
I have solar, it went from the electric company paying you for excess, to credits for the excess, to now they’re talking about charging customers to store the excess
That means you switch electric companies.
Get batteries and use to the excess to power your home. Especially if they have higher rates during peak periods like M-F late afternoons and evenings.
I KNEW this would happen! Called it years ago!
@@JBoy340acan you though? I put solar panels on my house thinking it would be great. Nope. The electric company that you were FORCED to hook on to took all the excess. I had to pay them for the privilege. Couldn’t access my own electricity in case of power outage. The panels got very dusty, which lowered their effectiveness. Sold the house. What a scam. Never again.
Ripoff
I’m in Michigan. People think I’m crazy but I love all seasons. My favorite is sunny 20F or below days. I love the way the cold feels on my face.
I so look forward to all of your wellspoken well informed info. ❤ thank you so much for wanting to share it all with us. 😊
I have many trees around my house. The basement of my house is partly underground. No air conditioning needed. In the summer my hydro bill is $40 a month. I’m lucky things turned out this way.
Where do you live?
Set aside the savings for the plumber. Trees like pipes.
@@DIVISIONINCISION Vancouver Island, Canada
@@1wesleydb Oh yes, sad but true. I have been in my house for 52 years and occasionally something has to be dug up. Also, it makes gardening challenging.
@@angieprice7206, yes but no one here in America would want to live in Canada with your socialist policies. Paying 30% of my salary to taxes for entitlements? No. Also, your housing market is way overpriced. No thank you.
People ! Please stop worrying about things you have no control over. Live you life, try and be as happy as possible because your life passes you by way too fast.
Hi Michael 🌻 Great to see You today !
The real estate prices need to be beaten down. A lot.
80 degrees, the only way its 80 degrees in my house is the AC is broken.
I'm an AC tech here in Florida and keep mine at 80 to 82 24/7..Feels just fine when working 90 to 100 degrees everyday 😂
My daughter moved from Colorado to California. When she lived in Colorado in a 2 bedroom apartment with central AC she could run her AC all day and night and never got an electric bill over $200/month.
Her first month in California she turned on her AC once for a few hours and her bill that month was almost $300! In this hot weather it’s much more and she keeps the AC off as much as possible. Fortunately her apartment is shaded much of the day.
Between the taxes and cost of living she estimates she and her fiancée are spending $1000/month more living in California. And the city they moved from, Boulder, Colorado isn’t inexpensive either.
They are planning to move back to Colorado as soon as their lease is up next year.
In California the power grid is in deep trouble.
Cant be worse than TX
Texas hasn't been doing real great either. Result of privitization?
Micheal you have a good sense of humor! I heard this morning from some guy that is talking about real estate in St. Petersburg Florida. The prices are going down, it looks like Blackstone selling off a lot of houses. I think it’s starting now……. They’ve actually reduce the prices at least $ 10,000 so far.
Fl prices are definitely crashing! Watching it all around us!
$10,000 - still $50,000 too high.
I'm 31 working remotely as a mechanical engineer in Northern Bay Area and just recently finish aggresively paying off my student loans (roughly $100k total, paying $2-3k per month the last few years). My fiance is also an engineer (manufacturing - mandatory in-person) and even after diligently saving for 20% down payment, we would need to rely on both incomes indefinitely to sustain the mortgage which will be double our rent not including insurance and utilities. Idk how anybody my age without extremely wealthy parents can ever stand a chance at buying a home here when even our situation is inconceivable for starting a family (via home ownership). We also both drive cheap cars we paid for in cash and never hold credit card balances month-to-month, living as below our means as possible while witnessing all our friends financing expensive cars and going on expensive vacations all thru the year, eating out all the time - even bragging about not paying their student loans off thinking they'll be forgiven eventually (still). I understand all of this totally unsustainable, but being patient sure has felt like a spit in the face these last 4 years. I guess we'll just have to settle for being "Net Worth" stealth wealthy for the foreseeable future...
Yep. There are going to be generations of young people who will never own a home.
Sean that's why you and your fiancee will be what changes everything. You setup your family with wealth for next generation and invest your money in right investments to build more savings and generational wealth.
My parents didn't build wealth when they were working so I'm doing that.
Hey Michael do a video in Downtown SF that will show you the state of california!
He would have to watch where he steps, which would ruin the video. 🤣
too risky!
We’re already in a recession all you have to do is just look around.
Everyone knows someone who was payed off. Look how many are now living in their cars/vehicles!!!!
The cost of food for some is out of reach. It’s disgusting!
The coldest winter I ever experienced was a summer in San Francisco 😂
some German breweries make ice in the late evening/early morning when energy demands are lower; then said ice is used to cool fermenters during the day, as opposed to running refrigeration (glycol chillers) equipment. more often than not, there are greater advantages to revamping existing infrastructure to improve efficiencies.
You don’t appreciate perfect weather until you experience the alternative. Being from upstate New York our seasons are very definitive, when it’s good it’s great… and then you have the other eight months 😀
Keeps developers away with thousands and thousands of units. Be thankful.
I have a plan. Saved 3 grand , buy a cheap van. Live in that save another 400 a month. I have no debt, no car payment and I'm starting a non profit. I will find a way out of this.
Where do you park and sleep?
OMG!
Michael Bordenaro wearing a long sleeve shirt!
😅
How do you spend less on your electric bill by using more electricity??? When I heard that I thought that means politicians are calling us all sheep. We’re all stupid. We’re all supposed to do what we’re told. And continue on until you’re gone. Next batter up.
I remember a few years back "about 25 or so " the power companies said that because of the public using less electricity that they needed to increase prices to remain vibrant. I'll bet they will use this one again in some locals.
They’re trying to get everyone into the solar panel mantra..yes they think we’re sheep bahahaha
The Video began to make me think.., and I said to myself: [EXACTLY], .. !?...Why Are Electricity Prices so high in California, but Manageable in just about Every Other State.....?' I really want to know and understand...'
When my grandfather passed away last January had to stop everything I was doing to go take care of my family only to find out that they weren’t actually family treating me like shit and not being supportive and having me be the odd man out after the family and heading back to my hometown I was unemployed for over six months because I had to wait that long to get rehired when I looked at other jobs. There was too many red flags. Couple of them were wasting my time redirecting me everywhere and overall not giving me enough hours with the inflation. I used to job hop all the time and out of all of my years of working NEVER before in my life have I been unemployed for that amount of time now that says something about the economy. And it doesn’t matter what we vote for according to my calculations everything going on is not a left right issue or a geographic issue. It’s more so greedy people who have power and are ultra power hungry because when you look at California, there are more people that support Donald Trump and Joe Biden in California is the bluest state in America.
And yeah, anytime you’re in the bay area. It gets cold when I was there five years ago I remember when I was north of it towards Petaluma. It would be 95° but once I go past the tunnel towards the bay, it would plummet to 62° within five minutes , it’s really mind blowing to see the temperature change in such a short amount of time. I remember wearing a jacket in July and August and 2019 to Instacart in the bay area. I was living in San Diego at the time. With California try to push you into electric everything and having all of these unconstitutional laws it’s overwhelming in California is starting to look like a Third World country.
They want you to switch to “electrical everything“ is because in the electrical devices, they have more control of your device than you do and we all know how that goes especially with our phones and other tech gadgets they just want power.
You are 100% right. I have noticed that after a series of purchases of electrical devices such as a cordless vacuum cleaner, monitors, televisions, a sound system, and UPS power supplies, the home network is more loaded and much more at risk. And we are only talking about one apartment here.
I have a garage apartment in Wisconsin (two bedroom) my electric bill was three hundred and thirty three dollars all winter! prices are insane, I have a masonry business and have estimated 14 jobs this summer and only got two of them so far
time to sell everything :'(
Where is the bathroom in a garage apartment?
When someone runs out of unemployment benefits they are no longer counted as unemployed by the government.
You have no idea how the rate is calculated.
@@MrSteeDoo Ummmm..... yes, he does.
That is how I understand it. The rate is artificial because it also doesn't count those that are under working either.
@@MrSteeDoo I worked for a state's Unemployment Insurance operation for 25 years. Yes, garyfrancis6193 is correct.
Because of those utility and food prices is why there is an increase in cc and auto loan defaults. Where I used to live in Arizona, the utilities went from 250 to 700 a month
Glad you are enjoying the weather. People in the Bay Area love the weather in the summer. But you can get too much of a good thing. Remember the words of Mark Twain, "the coldest winter I ever spent was a summer in San Francisco".
yes chillier than expected there in summer
@@tobyk5149 Especially right off the bay where Michael is. If he drove 10 miles inland, it might be 40 degrees warmer.
Great content with your vids keep them coming
Thanks for watching and supporting his channel!🙏🙏🙏
Georgia power bills have gone insane as well. They added some additional costs with the Vogtle nuclear plant coming online. My bills went from $260 to $360
I pay zero to run my window mount AC in the bedroom. We only Cool one room to escape to. My simple DIY solar power system that cost me 5,000 dollars. It can't power the whole house but I cut my power bill by 75%.
If everyone who can afford it in the US installs a simple 5,000 dollar solar power to supplement their electricity. This country won't have any shortage of electricity and put a heavy burden on our power grid.
But, we have people who are too comfortable with the way it is and easier to make excuses.
Most people can't balance their checkbooks what makes you think they can DIY anything?
@@MrSteeDoo
Go have someone do it for 7500. 😁
It's 2024, you can buy all in one plug and play power stations.
Just hire an electrician to install the transfer switch. The only thing left to do is to install the solar panels.
Hey Michael, welcome to the bay area. The proper mode of dress for here is in layers. Subtract or add layers as needed. The temps can change 40° during the course of any day. I used to live in Marin. It was a pleasant experience.
60 degrees and having long sleeves on lol!!!!
95° heat and high humidity in Miami for 9 months out of the year makes a difference for cold tolerance. lol
@@sycamore2789That’s the truth!
When you're used to hot weather - 60 does feel cold. When you're used to real cold weather 60 feels warm.
Live in Orange County, CA, and have been here for over 30 years. Was making over 400k a year, and now am making less. I've never felt so poor in CA while owning 4k sq foot house. Even in 2013, my electric bill was $1200 a month. While I am sitting on no debt, a mostly paid off house, and am benefiting from the savings rate, I have no idea how the neighbors are affording 4 200k+ cars and are making so much money. The beach/weather is just too nice to leave though, heh
$400K/year in L.A. is like making $100K anywhere else. Yes, you're making good income, but the costs to live there are way too high. I don't value the beach or weather as much as you do. I like a higher quality of life, less traffic, more land and more options. If your house isn't paid off on that income, you're doing something wrong.
@@DIVISIONINCISION yea, it’s literally nothing these days. I don’t even make that anymore and make 275k. If I didn’t buy a few houses in 2009-2012, I don’t know how I’d be positive on the money side of things. This is absolutely mind boggling how little you get here. I can’t even sell my current residence without getting priced out just on property taxes, and we only have 1.05% tax rate. I can’t afford 30-50k a year in property taxes to buy the same or larger home. You basically have to drop 50k on solar to avoid the SDG&E second highest electric costs in the nation. This place feels like you are constantly living in a hell where the walls are closing in and you just narrowly escape each time. I can imagine how far this amount of money would go in somewhere like FL or TX. I guess my family living nearby and decent jobs help me not leave as well.
What do you do to make that type of income? may I ask
@@Dr.FeelsGood You could cash out and buy land in Texas with a lake, pay a custom builder to build whatever you want. Private well and septic system. That's what many people are doing. That's assuming you have long-term investments for residual income. 🧐
Yep. So cal native here and relating to everything you are saying.
The county I live in . In Ohio 80 percent of homes are heated with coal and wood .. 40 percent of the homes don’t have electricity hooked to them !
That should be illegal. Especially the burning of coal.
@@davidgray1515 are you aware that china is opening up a new coal fired power plant ! Every week.. sadly that’s not a joke .. and
You get the drift boy !!
Amish
Do EV drivers plug directly into the sun? Or, do they rely on coal-powered electricity production like the rest of us?
West Virginia will see a coal mining revival soon.
🤪
There was a 'hilarious' scene in Amsterdam (the Netherlands) where they had to hook up a gasoline powered generator to an electrical public loading pole because the grid couldn't handle it.
We don’t need more bailouts. That goes for citizens, Wall Street and the big banks! They need to address the national debt and start paying it down.
But they will happen, as they produce the one important thing Democratic politicians want and need--votes.
😂
@@azmike3572
And who was it that ran up the debt / deficit?
Democrats administrations have to clean up the mess republicans leave
They are pushing for all electric in new businesses and new homes in Washington now too. It’s pretty crazy. You should come to the Olympic Peninsula for a summer. It’s very scenic and we are on the Olympic National park. Lots of places to hike and explore and lots of great summer music and art festivals. We are also just a ferry ride from Victoria Canada. ❤
Funny guy !
A great video.
I differ on one point: it’s not actually small business that’s the lifeblood of the economy. There’s lots of them, but unlike large corporations small doesn’t provide as many benefits or as much pay. It’s government jobs, government-affiliated jobs, and healthcare and healthcare-related industries that employ most.
Not only that, CMBB, but the Federal positions pay the best with generous benefits.
Can't wait to see what you've got next.
I'm in SoFlo too. I escape the heat in 3.5 hour direct flight to Bogota with 60 degree weather and my dollar is worth four there. Why go to California and pay 4 x times the amount and endure a 6 hour flight?
In 1967, my Latin teacher in Waterbury Connecticut was Mr. Belvedere.
Mine was Roger Christ. How could you argue with him?
Michael. Yes, it’s HOT here! Be happy you are getting a break! Enjoy your trip!
Amazing that you didn't walk by any homeless or 4,000 illegals.
WHY risk his life? SMH.
Not all illegals look like you think they do.
I used to be in HR for a logistics company and some of the people applying look and sound like they were born here but they were illegals.
I know because we need to complete the I9 form.
He is in Bourgeoisieville. I mean Belvedere Island.
You will not see them in well to do neighborhoods democrats will remove them real fast
Up scale communities - everything but the gates
Michael, I live on the west coast of Florida. Manatee County. 12 months ago every publix, fast food place, ect had hiring now. All those signs are gone now
Michael - 5:42 I live in Scottsdale and we have coyotes here all the time. One thing they don't like is humans. They are also not aggressive. Unless, you have a small pet.
Was talking a real estate agent in the Phoenix Metro area today. He said the water table in Scottsdale and San Tan Valley is so low that you may not have water in a matter of years. Are you concerned about that?
YUP
The AC bill will always be lower for a condo or apartment due to unit being possible surrounded on sides, top or below by other units, comparing to a free standing house with its own roof and exterior walls which can get a lot hotter. Can't compare in my opinion.
69 degrees with a 170 bill?? Wowzers…. A lot of the older generation never upgraded their insulation, so that plays a big factor.. always didn’t make sense to me bc proper insulation will pay for itself in a couple years
Initially purchased a BLUETTI 2000-watt portable electric generator on eBay for $700. Also, two used 435-watt solar panels placed and angled on the ground. Charges while being used. Now I have FREE electricity for Air Conditioning, Flat screen TV, components, landline phone and laptop charging all day long. Bought two more chargers at the same price since for extra storage for nights.
There is a huge issue with pay, and its all because of over regulations, fuel costs double now for no good reason.. and insurance costs for most people... it is a huge cycle that only makes our costs and cost of goods higher, for what?! I have a degree and basic jobs i apply to rarely reply now... before I would always get replies, pre2021
@@dertythegrower pay issue is because of cutting taxes, a favorable tax code to capital over labor, too much spending, resulting in debasement of currency....wages never keep up
Why can't you keep a job? It's nobody's fault but your own.
So called home value based on inflation. This Florida house and land I pay rent on AKA property tax is not worth the inflated value. When economy collapseses then the real value will be whatever the traffic will bear.Up to any buyer.
The level of inefficiency and corruption in this administration is becoming absurd. Those who are disabled and do not receive the support to which they are legally entitled make me sad. I sincerely thank you, Leah Foster Alderman. Imagine making $6k in four days with an investment of $1.5k.
That woman transformed my entire life for the better. Among the folks I've met, Leah appears to be the most trustworthy. I'm surprised you know her as well.
Hell no. They better not send out anymore money. Sending out more money means we have to pay for it later just like we are now. FUCK A STIMULUS
What about taking back the tax cuts Trump gave the wealthy and corporations? We had a balanced budget under Clinton. But then was involved/and paid for a 20 year war - that we were lied into. Nobody was screaming about deficits then.
They can't send money out even if they want to. The Federal government doesn't have any money to give, they have to borrow it, and now they really cant because rates are too high... there is zero chance .gov will be able to borrow money again for 10 years at 0.55%... to drive yields that low requires trillions of FED QE and they simply can not do that again or we will have 10% inflation in no time.
HELLO we are already in a recession 😂😂
😢🥺