Its already happening, insect and soy based faux meat and dollar beers which is basically piss. Meanwhile, everything you earn just evaporates by the end of the month in the form of car payments, rent, insurance etc
Same story over here in the UK. The house prices keep getting driven up to such an extent by government policies that more and more people can't afford to buy and so are forced to rent. There's no incentive for the government to do anything about it as so much of the wealth of politicians is tied up in the housing market which means they benefit from ever increasing prices.
@@GiRR007 Most people got rich due to being at the right place, at the right time around the right people. Hard work, brains and skill is in fact a very small percentage of what makes most people become rich. There are books on success and many multi millionaires are aware that a lot of factors outside their control contributed to them becoming as successful as they are. The ones that invest long term and slowly build their wealth are the true self-made people where circumstances and their social and geographical environment were still a part of their success, but not as much as with some people who got wealthy really fast. And yes you can respect people who made it, but you should be aware that many also didn't do it fair and square as well or we lucky(luck as in many factors outside their control contributed to their success).
@@rattlehead999 Most people obtained their wealth fairly. If you were to take away most rich peoples money and leave them somewhere, chances are likely that they would become rich again. This whole "Rich people only got rich by being lucky" attitude most people have just seems like massive jealousy really.
@@GiRR007 No chances are that they won't become rich again, if you remove and forbid all their prior contacts and ban them from their social circle. And on top of that most people who lost their wealth never regained it. And it's not jealousy in the slightest as I don't want to be rich and never have. It's a fact that you don't get rich only by your skill, knowledge and hard work. There are dozens of factors outside your control that help that happen.
@@SizifusYes it IS. This whole idea that you don't own it if you pay taxes or have a mortgage is ridiculous. Millions of people have paid off their homes over the years. You're just making up definitions
Honestly there is nothing better than owning property, especially a house. The reason it's so good is that once you pay off the mortgage all you need to worry about are utilities and repair costs whereas if you rent you constantly have to worry about that cost and whether or not it can go up. Also when you are a renter of a house or living space you are quite limited in what you can actually do on that property too, like some homes allow no pets or at least limit the amount you can have.
@@maxpolaris99 I mean still, you own the property, you have more freedom... and if the wealthy owners increase prices to their tenants, well it won't affect you as much.
@@awesomecomputers7076 Taxes go up. I'm paying almost as much as I would in a rental when I figure in heating, water and basic maintenance things that are included with most rentals. I still appreciate my own home. Just saying!
I’m conservative and a capitalist (start at the center and move a few steps right and that’s where I am) and there are many good points here. If you liquidate everything you’ll be a slave to fiat and when the fed tightens the money, all you have is a stack of paper that is worth whatever they say it is.
You do understand that it's the capitalist class behind such things? There's no truly free market when those already doing well can leverage their wealth to pull things like this or influence the state. Inflation is a tool of theirs, their investments "grow" or at least stay stable while their debt(which funded this investments) is reduced by that same inflation. That's what capitalism is about and leads to. The rich use capital to grow both more capital and, through it, power. If you're not rich, the best you can do is something they deem useful or entertaining.
@@Joesolo13 I’m a capitalist in the the sense that I believe in what capitalism is supposed to accomplish. The market (buyer/seller) determine what the market clearing price is. I also believe in competition. However I won’t sit here and say that these fundamental rules haven’t been warped and twisted into a self-serving philosophy. Particularly Wall St.
@@beastineden How is capitalist ideology being twisted when it's based on competition and the idea of accumulating capital? Capitalists didn't invent civil workers rights or holidays, they were hand strung by the public entity that forced them to behave for the common good. Capitalists being surprised that the "free market" creates monopolies are like anarchists being surprised that destroying the ruling regime leads to a creation of a power vacuum.
Omg I just saw this Bloomberg article this morning. Spot on. I refuse to rent software from Microsoft and Adobe. Also check out the history of the town of Pullman, Illinois. That takes it even a step further of renting from the same company that is your employer. There is a Dollop episode on it.
Renting a house is a nope Reason is renting price almost always goes up so if you pay $3,500 a month to rent a house and you live there for 10 years that is $420,000 and if that price goes up your even more screwed Owning a $500,000 house and living there for 50, 60, 70 years and then handing that to your grandkids they can then knocked down the house and build something new on the land It depends on where the house is if its slap bang in the middle of nowhere sure renting it might be viable but owning is the best where possible
The thing for me is that renting is literally just throwing your money away. You never see that money again. You're paying to live in a house but you never actually own any part of it. Paying off a mortgage may tie you down, but all the money you put into that mortgage goes into your ownership of the house. When you sell it, you will get something back, often more than you put in because house prices keep going up. Definitely better in the long run.
Cannot have the power without the money and especially the assets though. No easier way to get assets and money than by taking it from people who have less than you.
@@DJ_Dopamine Actually you can. Get elected to high office and keep getting re-elected and eventually you will have both power and money, but power and money is kind of like seem chicken and egg doesn't it?
@@DJ_Dopamine Every form of government has some way of obtaining power. The higher-ups in the CCP never missed a meal as millions starved. Another way of gaining assets and money is to strip people of the concept of ownership and claim everything is the property of the "collective" (read: "state").
Yes. When you own property you have equity POWER. And those in power don’t want us little people to have POWER or equity. Just advised a girl in Home Depot last night to try and buy a house. Those in power don’t want you to be able to save enough to buy a house that’s why minimum wage won’t move up. So the girl in Home Depot is stuck and can’t save the 3%-10% needed for a down payment so she’s stuck in the rent loop. Her rent payment helps someone else pay their mortgage. Owning property and having equity helps you pay off debt. Those in power don’t want you to pay off your debt because higher interest makes money for banks and credit card companies. Right now property values are climbing and will keep going up. Keep your property. Go get an equity line and pay off your debt. Get debt free. Keep the mortgage and get the equity line paid off. Get debt free. Instead of buying things with your covid stipend use it to pay off debt. Those in power want you to blow your covid check. It gives a false indicator of the economy and feeds the stock market. They don’t want you to save it or pay off anything. Save it. Buy a house. Build equity.
@CT is infant grade content now So wrong. He is talking about a failure in the USA (in particular) that is run by 'the right wing'. So your argument is nonsense. As for the UK, don't get me started about that bunch of demented right wingers. I know what I am talking about as I am English.
Timcast is a grifter channel itself and you shouldn’t watch it. They fully support the rich when it benefits them and then pretend they have a criticism of the current economic system despite agitating for the people that established that system in the first place
@CT is infant grade content now don’t forget to thank the tories for your horrid COVID situation and vote for them again so they can sell the NHS to American insurance corporations as they wanted
The root of the problem with the high rise example is the government bailing them out. I don't disagree with the tactics the business people use there. We just need smaller government that doesn't bail anyone out.
There is only a limited amount of land, the more that land gets bought up by the big companies the more likely you will be a guest living on their property. If anyone had the urge to own their own property i would say go ahead, in most cases the mortgage loan is cheaper than the rent money you will pay to the middle man . The issue for most people wanting to own their own property falls on the lack of understanding on where to start since this information is not given in schools, they said absolutely nothing about all the bills including loans you will need while i was in school during the 90's. The next issue for a lot of people is to obtain the 20% down payment for the house they would like to buy, this usually is easier when you have a couple trying to buy for the first time ( still very difficult since a 100k house would need 10k each ). To conclude i would like to thank a lot of the boomer generation who had their houses given to them by their parents and then sold it to our generation for 5 times more.. whats that saying .." work hard, -play- work hard !"
I live with my mom. I've looked at renting closer to where I work. But I'd rather buy a new car once a year than rent. It's annoying and expensive, but it's cheaper than the alternative.
I thought that after I pay off my student loans soon I'd be a real boy and could consider looking for a house. Yeah.... Average cost of a house is like 300k now in the US. A 2 bedroom normal house near me in a bumfuck Appalachia town that is the butt of every joke because it's a miserable, impoverished county just went for 285k. Another one went for the same without an inspection like you were saying. Shit's proper fucked, it feels like I have no future in this country.
Does anyone remember when Arabs were buying up huge tracts of farmland in the Midwest in the 80's or when the Japanese were buying up the crown jewels of Hollywood in the same period. They lost their shirts and eventually ended up selling what they bought at a significant loss. My guess is the same thing will happen with this current bubble.
@CT is infant grade content now I have no desire to own and maintain a house. Imo apartment life is the best. I do own stocks. It's much easier to spend that money in the future.
How did you become so based? Thanks for this rant. I've been feeling it too while I've been trying to buy a house since October (and finally got one), and the more I've learned about finance the more frustrated I've become with the systems the rich have set up for themselves.
I solve that activation problem of Windows by using Linux. :p But seriously on the topic of this video, I like this pro-people/for the people undertone of it. Yes, the rich class does not care about us ordinary people and unless you are incredibly lucky it literally is impossible to ever belong to this rich class.
To put things into perspective, if you put a billion dollars into a simple savings account earning 1% interest, it would earn ten million dollars a year. Let's disregard for the moment that rich people get far higher returns than 1% with all kinds of compounding etc. If you can't live on ten million dollars a year, do you deserve to live? Now ask yourself why anyone needs more than a billion dollars.
If you rent somebody gest a profit on top of the costs, if you buy then you just pay for the costs itself (including banks which don't deserve any cut but do get it).
It's not the 1%. Its the 0.0001% 1%ers are really not all that much more secure than the rest of us. Anyone know what the 1% Income level is what the 1% Net Worth is? Look it up, I have, it changes but generally it's actually peanuts in the big picture.
I don't think there will be a place to go to where the rich can't get you, or where they have less influence. Europe isn't any more chill. Because these people live in a world without borders. Also there's fascists rising up everywhere. The only hope we really have is trying to build our own communities. To stop being dependent on these fuckers. And defend the neighborhoods we live in. Society at large has failed and so, the priority is to build a new society, one where _people_ are actually in control, not companies or states. Anyway, read "binding chaos" by heather marsh
People are acting like this hasn't been happening for generations. You can have a pity party for yourself or you can bust your ass and do what the rich people are doing. And to dump all your money into crypto? Good luck. Follow the proven plan and keep grinding.
Yes! The big three: gold/silver/bitcoin. **sarcasm voice** Brilliant idea, sell your house and buy bonds, now the government is in debt to you. (Good luck) KEEP YOUR HOUSE AND CONSIDER YOURSELF EXTREMELY LUCKY TO HAVE ONE.
Mostly brillant talk, really appreciate. One thing I am still trying to understand about crypto is : what is all this calculation power used for? Sure I've heard the easy answer that it's used to calculate and validate transactions, which i find surprising given that normal banks have been doing just that for many more people and for a small fraction of the power bill. How come ?
Banks use a ton of power, but the main thing is that many computers are crunching the blockchain for security purposes. BTC is the most secure asset in history because of this. Also, if there is a discrepancy it's fixed and it's nearly impossible for someone to take advantage of the system. That's probably too basic, but it's in the right direction.
Investing in Bitcoin is the wisest thing to do now especially with the current price. Despite all the economy crisis, this is the right time to start up an investment.
I live in a part of the country that is being gentrified overnight. In the last year housing costs have gone up between 20-50% (or even more) all around me. People moving here don’t work blue collar jobs so there is an incredible shortage of workers at nearly every business. All of us poor/young people are stuck renting or moving away because the idea of ever owning property of any sort is completely out of the question. On another note I’ve been to NZ and can highly recommend it as a place to visit or live. I would strongly consider living there given the chance.
Ask the people who started a small business just before the beginning of COVID-19 how they are faring. While they have sunk their own life savings and equity into the business and the Government determines whether or not people are able to enter the business.
@@bachtomin213 I don't have to ask them I know as well as you do. Like I said the fix is in on that too. Dems have no use for small business owners as they tend to vote overwhelmingly Republican and are attempting to be independent. I would go so far as to say that small business owners are viewed as political enemies to be destroyed by The Democrats.
@@bachtomin213 Also I was thinking about trade businesses like painting, flooring,roofing, carpentry, landscaping, property management, plumbing,electrical contracting, auto detailing, cleaning,sign making ,pet care there are all kinds of businesses that do not require many people to be in close contact alot more than I could ever imagine and many quite successful. But nothing is easy and the fix is in on everything. That's what Political Economy is.
One issue with starting a business, is that getting the government's permission to start one is more expensive than the physical costs of starting a business.
As a person that leans financially conservative, I really do value ur takes in this video. They really do make sense, and shortly after a bear market arrives I think I’ll put 10% of my income into crypto on top of my 15% Roth IRA. Thanke!
Gold. Lol. DO NOT LISTEN TO THIS ADVICE. IT'S INSANELY TERRIBLE. Even banks are now saying btc is 50x better than gold as a hedge against the dollar. It isn't going anywhere... Except historically up.
@CT is infant grade content now You buy gold. I'll buy BTC. I'll see you in 5 years and I'll be 50x better off. It won't be illegal, it'll be the global reserve
Thanks for watching and comments, We're always available for questions, guidance and support at any time . Just DM *+1 5 2 0 4 9 7 0 2 3 6* @ W H A T S A P P .
Rich and powerful are not necessarily the same thing. Bloomberg is rich and powerful, an oligarch. Trickle down isn't a lie in a free society. In a city like new york it is a grift.
Trickle down is always a lie, its a term literally made to mock the policy of tax cuts on the rich. Economies are strong when the people are wealthy and secure. When the rich hoard their wealth the poor get desperate The smart rich understand this and you get countries with healthcare and safety nets. The dumb and greedy refuse to accept they don't deserve entire fleets of private yachts and squeeze the nation for everything they can, driving people to desperation just to survive
And every rich person is powerful. Thet may not be as powerful as another, but any billionaire has tyre resources to wage political and legal campaigns that far outsize the influence of any individual outside the 1%. Even frivolous lawsuits cost money and time few of us can spare
care to explain you're understanding on how the trickle down process works? I've got a hunch you don't actually know what it is or capitalism... or economics in general for that matter
"I can tell you rich people don't care about you". As people with tons of computer doo-dads and stuff, and a decently successful TH-cam channel, you ARE the rich to the vast majority of the world.
He is rich, but not to the point where he is elite... he may own a house and make like 100k or so but that just puts you in middle class whereas the elite are the owners of major companies or are at least high ranking in it.
We need more content like this - the world is missing the chaotic good.
See George Carlin - They Don't Give a Fu@k About You
We should eat bugs, drink filtered piss, own nothing and be happy.
return to monke
Gotta love that filtered piss. Aqua Vitae!
We need to al strive for Zero Piss Footprint
Its already happening, insect and soy based faux meat and dollar beers which is basically piss. Meanwhile, everything you earn just evaporates by the end of the month in the form of car payments, rent, insurance etc
Yes yes eat ze bugs, give us your home.
Same story over here in the UK. The house prices keep getting driven up to such an extent by government policies that more and more people can't afford to buy and so are forced to rent. There's no incentive for the government to do anything about it as so much of the wealth of politicians is tied up in the housing market which means they benefit from ever increasing prices.
"rich do not care about you"
man I been trying to say this to people for years but they call me a hater.
Everyone knows that rich people don't care about them. But they can still respect rich people for getting to that position.
@@GiRR007 Most people got rich due to being at the right place, at the right time around the right people. Hard work, brains and skill is in fact a very small percentage of what makes most people become rich. There are books on success and many multi millionaires are aware that a lot of factors outside their control contributed to them becoming as successful as they are.
The ones that invest long term and slowly build their wealth are the true self-made people where circumstances and their social and geographical environment were still a part of their success, but not as much as with some people who got wealthy really fast.
And yes you can respect people who made it, but you should be aware that many also didn't do it fair and square as well or we lucky(luck as in many factors outside their control contributed to their success).
@@rattlehead999 Most people obtained their wealth fairly. If you were to take away most rich peoples money and leave them somewhere, chances are likely that they would become rich again.
This whole "Rich people only got rich by being lucky" attitude most people have just seems like massive jealousy really.
@@GiRR007 Being born lucky, respect? hah.
@@GiRR007 No chances are that they won't become rich again, if you remove and forbid all their prior contacts and ban them from their social circle.
And on top of that most people who lost their wealth never regained it.
And it's not jealousy in the slightest as I don't want to be rich and never have. It's a fact that you don't get rich only by your skill, knowledge and hard work. There are dozens of factors outside your control that help that happen.
3x things to never sell:
1. Real Estate
2. Land
3. Indices
Well if you "bought" real estate with a mortgage, it isn't yours anyway...
@@SizifusYes it IS. This whole idea that you don't own it if you pay taxes or have a mortgage is ridiculous. Millions of people have paid off their homes over the years. You're just making up definitions
Honestly there is nothing better than owning property, especially a house. The reason it's so good is that once you pay off the mortgage all you need to worry about are utilities and repair costs whereas if you rent you constantly have to worry about that cost and whether or not it can go up. Also when you are a renter of a house or living space you are quite limited in what you can actually do on that property too, like some homes allow no pets or at least limit the amount you can have.
Taxes
@@maxpolaris99 I mean still, you own the property, you have more freedom... and if the wealthy owners increase prices to their tenants, well it won't affect you as much.
@@maxpolaris99you have freedom, it's yours. You don't have to live by a landlord's rules
@@awesomecomputers7076 Taxes go up. I'm paying almost as much as I would in a rental when I figure in heating, water and basic maintenance things that are included with most rentals. I still appreciate my own home. Just saying!
I’m conservative and a capitalist (start at the center and move a few steps right and that’s where I am) and there are many good points here. If you liquidate everything you’ll be a slave to fiat and when the fed tightens the money, all you have is a stack of paper that is worth whatever they say it is.
You do understand that it's the capitalist class behind such things? There's no truly free market when those already doing well can leverage their wealth to pull things like this or influence the state. Inflation is a tool of theirs, their investments "grow" or at least stay stable while their debt(which funded this investments) is reduced by that same inflation.
That's what capitalism is about and leads to. The rich use capital to grow both more capital and, through it, power. If you're not rich, the best you can do is something they deem useful or entertaining.
@@Joesolo13 I’m a capitalist in the the sense that I believe in what capitalism is supposed to accomplish. The market (buyer/seller) determine what the market clearing price is. I also believe in competition. However I won’t sit here and say that these fundamental rules haven’t been warped and twisted into a self-serving philosophy. Particularly Wall St.
@@beastineden How is capitalist ideology being twisted when it's based on competition and the idea of accumulating capital? Capitalists didn't invent civil workers rights or holidays, they were hand strung by the public entity that forced them to behave for the common good. Capitalists being surprised that the "free market" creates monopolies are like anarchists being surprised that destroying the ruling regime leads to a creation of a power vacuum.
Wallstreet trolls call retail investors "dumb money"
In my circle, if I bring up this type of subject people think I have horns growing out of my skull. They don't get it. They don't care.
I love all of your content. You're a wealth of knowledge.
Well that explains the junk mail I get talking about buying my house.
Português here. I'd be glad to welcome you 😃
Omg I just saw this Bloomberg article this morning. Spot on. I refuse to rent software from Microsoft and Adobe.
Also check out the history of the town of Pullman, Illinois. That takes it even a step further of renting from the same company that is your employer. There is a Dollop episode on it.
You load 16 Tons what do you get? Another day older and deeper in debt!
Renting a house is a nope
Reason is renting price almost always goes up so if you pay $3,500 a month to rent a house and you live there for 10 years that is $420,000 and if that price goes up your even more screwed
Owning a $500,000 house and living there for 50, 60, 70 years and then handing that to your grandkids they can then knocked down the house and build something new on the land
It depends on where the house is if its slap bang in the middle of nowhere sure renting it might be viable but owning is the best where possible
The thing for me is that renting is literally just throwing your money away. You never see that money again.
You're paying to live in a house but you never actually own any part of it.
Paying off a mortgage may tie you down, but all the money you put into that mortgage goes into your ownership of the house. When you sell it, you will get something back, often more than you put in because house prices keep going up.
Definitely better in the long run.
The heroes haha. Love it man. Instant follow. 🇺🇸✨
I'm gonna sell my house so I can buy a 3090
Logan always tells it like it is!! NO BS!!! Thanks sir!!!
Its the same here in Germany, some politicians even want to make a law that prevents you from building your own house
We need another housing crash.
World Economic Forum is clearly saying you will own nothing and be happy
It's not about how many houses and jets they own, its about POWER!
Cannot have the power without the money and especially the assets though.
No easier way to get assets and money than by taking it from people who have less than you.
@@DJ_Dopamine Actually you can. Get elected to high office and keep getting re-elected and eventually you will have both power and money, but power and money is kind of like seem chicken and egg doesn't it?
@@DJ_Dopamine Every form of government has some way of obtaining power. The higher-ups in the CCP never missed a meal as millions starved. Another way of gaining assets and money is to strip people of the concept of ownership and claim everything is the property of the "collective" (read: "state").
Political Logan honestly could be a nice change for the channel. I bought a windows key to support you! Keep it up man.
We are a nation of renters. Property taxes render it so. Miss enough property tax payments and your property gets seized by the government
Your property can be seized regardless of who you owe money to though. But I get what you mean :)
No doubt. Still a giant advantage in owning a home and having some equity after years or decades of payments at the end of the day.
Yeah but property taxes is anywhere from $1,500 to 3,000 a year at least in Ohio rent is 12 to $20,000 a year.
Yes. When you own property you have equity POWER. And those in power don’t want us little people to have POWER or equity. Just advised a girl in Home Depot last night to try and buy a house. Those in power don’t want you to be able to save enough to buy a house that’s why minimum wage won’t move up. So the girl in Home Depot is stuck and can’t save the 3%-10% needed for a down payment so she’s stuck in the rent loop. Her rent payment helps someone else pay their mortgage. Owning property and having equity helps you pay off debt. Those in power don’t want you to pay off your debt because higher interest makes money for banks and credit card companies. Right now property values are climbing and will keep going up. Keep your property. Go get an equity line and pay off your debt. Get debt free. Keep the mortgage and get the equity line paid off. Get debt free. Instead of buying things with your covid stipend use it to pay off debt. Those in power want you to blow your covid check. It gives a false indicator of the economy and feeds the stock market. They don’t want you to save it or pay off anything. Save it. Buy a house. Build equity.
I hear you loud and clear. I'm not selling my home unless they give me a cool million though! Lol!
One million is nothing to these people, hold out for as much as you need to do whatever you want/need to do.
It's all so tiring.
Gonna homestead and build a farm, you're invited we can play dnd
Interesting to see this on a tech channel other than channels like TIMCAST
@CT is infant grade content now So wrong. He is talking about a failure in the USA (in particular) that is run by 'the right wing'. So your argument is nonsense. As for the UK, don't get me started about that bunch of demented right wingers. I know what I am talking about as I am English.
Timcast is a grifter channel itself and you shouldn’t watch it. They fully support the rich when it benefits them and then pretend they have a criticism of the current economic system despite agitating for the people that established that system in the first place
@CT is infant grade content now don’t forget to thank the tories for your horrid COVID situation and vote for them again so they can sell the NHS to American insurance corporations as they wanted
Tim isn't tech and he's never right
I haven't checked on this channel in a few years and delighted what direction it's gone in :D
The root of the problem with the high rise example is the government bailing them out. I don't disagree with the tactics the business people use there. We just need smaller government that doesn't bail anyone out.
Omg I had a house in my naborhood that was bout by Zillow and I couldn't understand why they bought the house for 20k more then they relisted it.
I've been trying to not pay rent for more than a decade.
Geez I gotta get a grip, I'm losing my feces here!
Best PSA I seen this year!
Yay! Long rant video!!!! Honestly my favorite
There is only a limited amount of land, the more that land gets bought up by the big companies the more likely you will be a guest living on their property. If anyone had the urge to own their own property i would say go ahead, in most cases the mortgage loan is cheaper than the rent money you will pay to the middle man . The issue for most people wanting to own their own property falls on the lack of understanding on where to start since this information is not given in schools, they said absolutely nothing about all the bills including loans you will need while i was in school during the 90's. The next issue for a lot of people is to obtain the 20% down payment for the house they would like to buy, this usually is easier when you have a couple trying to buy for the first time ( still very difficult since a 100k house would need 10k each ). To conclude i would like to thank a lot of the boomer generation who had their houses given to them by their parents and then sold it to our generation for 5 times more.. whats that saying .." work hard, -play- work hard !"
But orange man out of white house so everything is okay now?
Time traveling and watching this in 2023 is very interesting....
I live with my mom. I've looked at renting closer to where I work. But I'd rather buy a new car once a year than rent. It's annoying and expensive, but it's cheaper than the alternative.
Keep posting videos about whatever the hell you want, dude.
Only 5k views??? So garbage coming from MrBeast gets millions and millions of views but good useful content gets peanuts. Nice
💯 You’re spot on.
I thought that after I pay off my student loans soon I'd be a real boy and could consider looking for a house. Yeah.... Average cost of a house is like 300k now in the US. A 2 bedroom normal house near me in a bumfuck Appalachia town that is the butt of every joke because it's a miserable, impoverished county just went for 285k. Another one went for the same without an inspection like you were saying. Shit's proper fucked, it feels like I have no future in this country.
Does anyone remember when Arabs were buying up huge tracts of farmland in the Midwest in the 80's or when the Japanese were buying up the crown jewels of Hollywood in the same period.
They lost their shirts and eventually ended up selling what they bought at a significant loss.
My guess is the same thing will happen with this current bubble.
I will continue to rent. But I'll buy as much stock as I can. You can get build wealth without owning a house.
The best wealth is always in real assets.
@CT is infant grade content now I have no desire to own and maintain a house. Imo apartment life is the best.
I do own stocks. It's much easier to spend that money in the future.
@CT is infant grade content now lol. I take super good care of my apartment. I'm saying I can make more money on the stocks than a house.
Great Content your the original Tiger Direct King.
How did you become so based?
Thanks for this rant. I've been feeling it too while I've been trying to buy a house since October (and finally got one), and the more I've learned about finance the more frustrated I've become with the systems the rich have set up for themselves.
I solve that activation problem of Windows by using Linux. :p But seriously on the topic of this video, I like this pro-people/for the people undertone of it. Yes, the rich class does not care about us ordinary people and unless you are incredibly lucky it literally is impossible to ever belong to this rich class.
Dude you need to make more
Content like this!
No the rich don't care about me why should they. I dont particularly care about them either but would still love to be rich XD
Exactly, spoken like an adult realist.
To put things into perspective, if you put a billion dollars into a simple savings account earning 1% interest, it would earn ten million dollars a year. Let's disregard for the moment that rich people get far higher returns than 1% with all kinds of compounding etc. If you can't live on ten million dollars a year, do you deserve to live?
Now ask yourself why anyone needs more than a billion dollars.
The Great Reset/Build Back Better
If you rent somebody gest a profit on top of the costs, if you buy then you just pay for the costs itself (including banks which don't deserve any cut but do get it).
Exactly. And that profit means landlords can drive up real estate prices at values that make little sense to residents
@@Joesolo13 Which happened in the Netherlands.
@@peterjansen4826 Not to mention that once upon a time the price of Tulip bulbs were out of this world in The Netherlands.
@@maxpolaris99 Apparently. I heard other people mention it but I never noticed it. :)
@@maxpolaris99 Also this: greetings, fellow Linux user. Arch and dwm here.
It's not the 1%. Its the 0.0001% 1%ers are really not all that much more secure than the rest of us. Anyone know what the 1% Income level is what the 1% Net Worth is? Look it up, I have, it changes but generally it's actually peanuts in the big picture.
great video logan
It's called the American dream because we have to be asleep to believe it. 😴
I don't think there will be a place to go to where the rich can't get you, or where they have less influence. Europe isn't any more chill. Because these people live in a world without borders. Also there's fascists rising up everywhere.
The only hope we really have is trying to build our own communities. To stop being dependent on these fuckers. And defend the neighborhoods we live in. Society at large has failed and so, the priority is to build a new society, one where _people_ are actually in control, not companies or states.
Anyway, read "binding chaos" by heather marsh
If you can't beat 'em, join 'em 😈😈
Great video!
whhhhoooeee doggie you went far out man, u trippin hard.
They will patent your DNA and you're gonna love it!
People are acting like this hasn't been happening for generations. You can have a pity party for yourself or you can bust your ass and do what the rich people are doing. And to dump all your money into crypto? Good luck. Follow the proven plan and keep grinding.
Countdown to Elysium in, 3...2...
Welcome to breadtube, comrade. Glad you joined us.
suggesting people sell their houses to buy crypto is inherently stupid.
Yes! The big three: gold/silver/bitcoin.
**sarcasm voice** Brilliant idea, sell your house and buy bonds, now the government is in debt to you. (Good luck) KEEP YOUR HOUSE AND CONSIDER YOURSELF EXTREMELY LUCKY TO HAVE ONE.
Mostly brillant talk, really appreciate. One thing I am still trying to understand about crypto is : what is all this calculation power used for? Sure I've heard the easy answer that it's used to calculate and validate transactions, which i find surprising given that normal banks have been doing just that for many more people and for a small fraction of the power bill. How come ?
Banks use a ton of power, but the main thing is that many computers are crunching the blockchain for security purposes. BTC is the most secure asset in history because of this. Also, if there is a discrepancy it's fixed and it's nearly impossible for someone to take advantage of the system. That's probably too basic, but it's in the right direction.
Sweden sounds nice.
Loving the political/economic videos. Keep 'em coming
Investing in Bitcoin is the wisest thing to do now especially with the current price. Despite all the economy crisis, this is the right time to start up an investment.
I actually started investing in bitcoin before lockdown now I have make Profits more than I expected
Stocks are good but crypto is more profi table
I heard that his strategies are really good
He has really made a good name for himself
The real dump likely hasn't happened yet. Expect half it's current value
China did get angry. :)
I live in a part of the country that is being gentrified overnight. In the last year housing costs have gone up between 20-50% (or even more) all around me. People moving here don’t work blue collar jobs so there is an incredible shortage of workers at nearly every business. All of us poor/young people are stuck renting or moving away because the idea of ever owning property of any sort is completely out of the question.
On another note I’ve been to NZ and can highly recommend it as a place to visit or live. I would strongly consider living there given the chance.
Or you can leave The Corporate grind and start your own business. The fix is in on that too but it's an option.
Ask the people who started a small business just before the beginning of COVID-19 how they are faring. While they have sunk their own life savings and equity into the business and the Government determines whether or not people are able to enter the business.
@@bachtomin213 I don't have to ask them I know as well as you do. Like I said the fix is in on that too. Dems have no use for small business owners as they tend to vote overwhelmingly Republican and are attempting to be independent. I would go so far as to say that small business owners are viewed as political enemies to be destroyed by The Democrats.
@@bachtomin213 Also I was thinking about trade businesses like painting, flooring,roofing, carpentry, landscaping, property management, plumbing,electrical contracting, auto detailing, cleaning,sign making ,pet care there are all kinds of businesses that do not require many people to be in close contact alot more than I could ever imagine and many quite successful. But nothing is easy and the fix is in on everything. That's what Political Economy is.
One issue with starting a business, is that getting the government's permission to start one is more expensive than the physical costs of starting a business.
What’s the percent of the market bought by hedge funds ?
Pushing market up and sell, sounds really crypto to me :D
you remind me of chriss hedges speeches
Move to Africa…tropical sun all year baby!
As a person that leans financially conservative, I really do value ur takes in this video. They really do make sense, and shortly after a bear market arrives I think I’ll put 10% of my income into crypto on top of my 15% Roth IRA. Thanke!
Come to New Zealand ;)
Nah
Based
If you have any spare money al all, buy physical gold or silver.
It'll go up in value... At all 1/50th the rate of BTC in 5 years.
eat the god damn rich.
Mike will you be my dad
who is "they"?
The left
fight
GME 2 THE MOON
Crypto is falling to dude. Buy gold, land or houses. Just get rid of money :D
Gold. Lol. DO NOT LISTEN TO THIS ADVICE. IT'S INSANELY TERRIBLE. Even banks are now saying btc is 50x better than gold as a hedge against the dollar. It isn't going anywhere... Except historically up.
@CT is infant grade content now You buy gold. I'll buy BTC. I'll see you in 5 years and I'll be 50x better off. It won't be illegal, it'll be the global reserve
Is dogecoin good to invest in as an alternate of bitcoin?
Thanks for watching and comments, We're always available for questions, guidance and support at any time . Just DM
*+1 5 2 0 4 9 7 0 2 3 6* @ W H A T S A P P .
Didn’t know you were a socialist. My respect for you 📈📈📈
Yang Gang... before the Israel comments lol
....idk bud.
Rich and powerful are not necessarily the same thing. Bloomberg is rich
and powerful, an oligarch. Trickle down isn't a lie in a free society.
In a city like new york it is a grift.
Trickle down is always a lie, its a term literally made to mock the policy of tax cuts on the rich. Economies are strong when the people are wealthy and secure. When the rich hoard their wealth the poor get desperate
The smart rich understand this and you get countries with healthcare and safety nets. The dumb and greedy refuse to accept they don't deserve entire fleets of private yachts and squeeze the nation for everything they can, driving people to desperation just to survive
And every rich person is powerful. Thet may not be as powerful as another, but any billionaire has tyre resources to wage political and legal campaigns that far outsize the influence of any individual outside the 1%. Even frivolous lawsuits cost money and time few of us can spare
care to explain you're understanding on how the trickle down process works? I've got a hunch you don't actually know what it is or capitalism... or economics in general for that matter
"I can tell you rich people don't care about you". As people with tons of computer doo-dads and stuff, and a decently successful TH-cam channel, you ARE the rich to the vast majority of the world.
He obviously means the elite, not regular people in the west who have a "comfortable life"
He is rich, but not to the point where he is elite... he may own a house and make like 100k or so but that just puts you in middle class whereas the elite are the owners of major companies or are at least high ranking in it.