Warren's son Howard was sheriff didn't have requirements to be a cop tell me Warren' didn't know hi's son was a sheriff and didn't have requirements to be a cop these elites are fraud.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
You left out the best part. What happens after the crash? When small banks struggle and the economy crashes, the trillion-dollar banks will be the ones buying everything at low low prices and consolidate even more wealth. This is exactly what happened in 2007-08. While everyone else got wiped out, the gazillionaires used their access to capital and zero interest rates to buy everything. This is exactly why the wealth gap has become so dramatic over the last decade or so.
I wonder if i have money in a small bank that collapses, and the FDIC comes to the rescue, will they give me my money in traditional money or will it be in the new CBDC digital currency?
One thing I think you might have overlooked is the year over year property value will increase, which to my understanding is around 4%. So I would add that as well
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
These two have completely forgotten what it feels like starting out on life. They are responsible for these happenings between real estate and banking. They are creating it and doing it on purpose. Devils in sheeps clothing.
They couldn't, any more than a town can outlaw black people from owning homes there. I've also never seen a home that is or has been owned by a corporation, so I'm not sure what you're going on about.
They need to BUILD houses for people on SOCIAL SECURITY. Low income and MIDDLE CLASS people. Make having a house AFFORDABLE. Right now it's Not for the average person. RENT IS WAY TO HIGH FOR APARTMENTS.
ya... this is exactly what should happen to make everyone happy. However it wont happen. They are set on a course to eliminate the middle class. We are the next homeless in the upcoming future.
All they build now is luxury homes there's plenty of homes for rich people and upper-middle-class nothing for the middle class and below the upper-class own all the smaller homes for rentals and airbnb
Also it didn't help when Biden triple the cost of building materials so now it cost three times more to build the same house we could have built in 2019
Yes and it makes me sick. I purchased my home in 2004 for 206,000 dollars. Its now supposedly worth 350,000. I owe 100,000 on the mortgage. So even if I sold my home for 350,000 netting 200k with money saved id have around 400,000 for a house. However in order to get a house that is equivalent to the one I have. I have to take out a mortgage for 100 or 150,000. After 30 years I will be near death and will have paid the banks almost 500 thousand dollars over the course of the loan. WTF? who would sign up to do that? So I'm stuck in a bad area in a burned out city that turned to shit after the Riots. I get paid nothing and groceries everything is being priced out of the stratosphere. I purchased a sandwich at subway yesterday. It used to cost me 7 dollars to eat at subway. Now its 20 dollars for a sandwich. Everything is insane and I feel like I'm getting screwed at every corner. I can do nothing to change my circumstances. This is the way it is now? what a sad time of life for the united states people. However... I'm sure other places have it worse than I do. So I cannot complain too much.@@Simplicityisbliss222
If you voted for biden and his bi%ches, stop complaining and don't vote for Dems in 2024. If you voted for Trump, then I feel your pain. @@marcussmith4913
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
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..!!
all they have to do is pass a federal law that prohibits companies and firms to buy residential estates, then release the estates that companies/firms already owns back to the banks gradually
Why give them to the banks? These massive firms are in effect banks, since they own basically every one and the owners are literally involved in owning the private corporation known as the Federal Reserve. Fuck the banks, they shouldn’t even have the option to take a house from a person. We need better solutions that aren’t based in money.
The government and big corporations are the exact same thing now. This whole fair share and hate the rich scam liberals fall for is doing the exact job they intended it to. The government doesn't want to stop this. They have a hand in it.
"Who will be the one to bear it (the financial losses)?" If 2008-09 is any guide, the answer is: the American taxpayer, not the fat cats who gambled with the banks' money.
Exactly!! Thus, the massive wealth gap to begin with..."average" people's wages stagnant for decades, but still paying their fair share of taxes. Meanwhile, taxes cut for some CEO making millions a year!
That's the long term outcome of supply-side economics, aka "trickle-down." The only thing that ever trickles down is the mess. For 40+ years now, the middle class has allowed itself to be bamboozled by the Messieurs Money Bags into believing in the mythical beast called "job creators." Our most economically expansive years were the '50s & '60s, when demand ruled > factories hummed, corporate tax rates were high which led corporations to put a much larger share of their profits back into the business, which drove further expansion of both the economy and the middle class. How much longer are we going to keep buying the "trickle-down" b.s.? Will it be a grand case of "don't know what you've got 'til it's gone"?
AND Mobile Home Parks. Buffet too - Century Homes. Lot rent is expensive for mobile home owners even if they own their homes :( Small parks are getting bought up and rent soars. Home gets seized if owners can’t keep up. Then Ready for resell at 15%+ loan. Just sayin’
@@freerangeboogie7293 yep happening here in Florida. people lived in a manufactured community with lot rents at 500 or 600, went to 700, then 900, and now up to 1200 in less than 3 yrs. Awful what it has done to the seniors on fixed income. They ate being forced our of their own neighborhoods
Cheap money or expensive money; doesn't matter. What matters is how you deploy those resources. You can have the best monetary policy and absolute equality but blow the entire economy to oblivion. What really matters is where you spend and if that creates better quality of life.
We’re Grateful that our house was finished being built in 2019. Our original interest rate was 3.85%, but it the summer of 21, we refinanced and got a 30 year fixed mortgage at 2.9%. We make 2 extra payments a year so we’ll have our house paid off in about 14 years. So by the time my wife retires our house will be paid off. The attached 800 sq ft, 1 bedroom, 1 bath apartment will give us an extra income for the rest of our lives.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
In the event that you are unfamiliar with the market, I advise obtaining expert guidance. The best way to start building a well-structured portfolio is to work with a professional who understands the volatile yet lucrative industry.
A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license a and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.
I'm been guided by “Vivian Carol Gioia” who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
@@mikeroper353 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
A crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370,000 portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
You will need a reliable FA to help you through the current market turmoil. I've been talking to an advisor for a while now, mostly because I lack the knowledge and energy to deal with these ongoing market conditions. I made more than $320K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having a Financial consultant is now the best line of action, especially for those who are close to retiring
I've spared myself the hassle that a disorderly market brings. Because of my line of work, I am unable to manage my portfolio, so I simply mimic the trades of LAURA MARIE RAY, a Financial consultant I watched on Bloomberg Business News. These days, the best approach to enter the market is through reading, researching, being patient, and getting advice when necessary. After that, everything went smoothly.
@@ElizabethGalvin1 Laura pears to be a true authority in this field. I looked her up on the net cos I really need this, and found her website, went through her profile and I can say she's superb. Dropped a message hoping it gets replied.
Engaging in an individual option is fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
To create high dividends, it’s wrong to engage in a single option rather than diversify into various options with high performance coupled with the aid of a Pro will generate higher dividends
Since 2015 I’ve been waiting on a meltdown. I’ve always believed 2008 was never actually dealt with. All the Fed did was create more debt and even riskier behavior, riskier in many ways to what was going on in 2006-07. But, it took too long and still hasn’t popped. I decided I’m 100% done with stocks. I now only buy distressed real estate and private businesses. I’ll never revisit stocks. The more eyeballs looking at an investment opportunity the less I’m interested
In 2008 I dealt with it buying two rental at half price and a $560k short sale remodeled Marco Island condo for $240k cash after hosing crash. Paid off my primary home nine year mortgage that year as well. All because of my investments.
It's been dealt with. Banks have to pass stress tests, and banks don't give mortgages to people with a heartbeat like in 2006. Banks can't mix in low credit borrowers with high credit borrowers when they look for investors.
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
I have worked with her, best guess yeah, She has an incredible knack for spotting the right investment opportunities, even in a stormy market. Her guidance is invaluable.
I get your concern. But Lucy has a proven track record, and her analytical skills are top-notch. She calculated the risks and gains precisely. She being at the top of search result is a testament of credibility for real
Because the game is rigged. Thankfully, more and more people are getting educated on how this system works and start moving their assets outside of this charade. Unfortunately there is only one answer right now, that is Bitcoin. Hopefully we will see more decentralized and trustworthy currencies make its place in the market.
@@radekmraz1432 is that why bitcoin went from 50k to 18k from Dec 21 to December 22. I'm hoping this is a joke and that people actually realize the problem lies by enlarge with democrats borrowing and spending massive amounts of money. Republicans have issues too, but the train wrecked economy is 100% on Biden. Previous high inflation was Obama gas n inflation went much higher, but I don't think he was near as bad as Biden. I'm baffled the man is running America. I honestly don't see him being qualified to run any country, at most maybe a smaller third world country.
Depends on what the assessor says. There is an unjust assessments across the country where less valued homes pay more in percentage of taxes compared to rich neighborhoods.
I always look up your videos when it comes to financial lessons. You are such a blessing to this community. People are financially struggling to put food on the table, yet no change is made. I appreciate Anna Contreras alots, you've helped my family with your advice! Imagine investing $17,000 and receiving $33,000 in 7days
I owned a poultry farm at one time. When I was building this farm it cost me around 750,000 dollars, which I borrowed from a bank and used my home and land for collateral. At the time they were offering huge sign on bonuses and I was in a bad way, so I took the risk. What I didn't understand is that the reason all this was able to be offered was that the fed was backing the bank 90% if any of these loans went into default. In the end they flooded the market with new poultry farms which in turn gave the poultry companies to much of the upper hand, so I lost everything I worked for, for the last 20 years. Not only me but many others in the same boat. And most of the older poultry farms were gave some kind of excuse that they would no longer be needed. This goes deeper than this and could go on all day. Anyway things are looking up again. Thank You Jesus
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
NOBODY BECOMES A MILLIONAIRE OR BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRINGS MILLIONS OF DOLLARS AND CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT
Investing in Stocks and Forex is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I learned very quickly from the crash of 2008. I was in my early 30's and watched how everything went to absolute shit. So for the past 15yrs I have done nothing but save all my money, make solid investment choices, budget, budget, budget and become debt free. That's just the tip of the iceberg, but I'll be damn if I suffer as much as my parents did when they each lost almost 100k each from their hard earned 401K and other avenues of revenue/investments!.... NEVER AGAIN!!!
I was lucky, prior to the 2008 crash I moved my mutual Ira funds into a well protected account at Waddell and Reed. I was anticipating a bubble burst after listing to a panel on PBS which predicted the drop earlier in the year. They were right.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Celina Raghee
Crypto is pretty profitable at the moment. but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 750--k just in a matter of days/ weeks, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
In 2008, when the real estate market and banks crashed, it was mid to small contractors like me that took a disproportionate hit along with contractor supply companies. I could no longer pick up building materials and pay the bill at the end of the week or month. And in my case, being an electrical and HVAC contractor, I had to pay in advance to order material 1 to 2 weeks in advance to get it so that was cash up front for material I would not get on hand for 1 to 23 weeks and for most the only option was expensive credit as small to mid-sized contractors just do not have that kind of capital on hand and the customer does not either. Contractors go under, and contractor prices go up and work just does not get done, and as a result, the unemployment on the bottom base level of construction labor and even the mid and higher paying kraft level construction labor goes up drastically. Plumbers, Electricians, and HVAC techs go unemployed. They make up the upper middle class and are now unemployed. It was the wealthy that capitalized on it and we at the bottom were left to die. It will be the same now.
Exactly! as a wife of Master Electrician Contractor with 30 guys on the payroll and bonded with government contracts but got hit harder in the Great Recession having to layoff and losing all our savings and 401k to try to keep the business afloat. My husband decided his health and mental well being was more important and changed careers investing in many different sources of income from commercial real estate to e-commerce and freelance electrical on the side. We learned along time ago to not have all our income eggs in one basket. These past 20 years with the economy has been so toxic.
Important to document what less capitalized contractors experienced during the great recession of 2008. I don't remember any economists describing what you went through as a result of lack of credit access. Why was there no federal relief program like PPP available to most businesses during the Covid pandemic not offered immediately after 2008?
I went to every financial institution that was offering bailout capital and all had the same answer, I did not qualify. I had to lay off 15 employees, sell almost all my trucks, generators, and other tools, and become an independent contractor for larger companies that had the capital to operate. I weathered threw it but my employees did not.@@JoseLopez-tk4tq
@@phoenixrisin2269It’s only normal to include your sources when quoting things or showing material that wasn’t originally yours. It’s called integrity.
In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resources to guide beginners?
I completely understand the impact of the new year on financial decisions-it's transformative. While I've found success in investing, especially with the guidance of my advisor, Natalie Marie Tuttle, I still appreciate the solid foundation i had. This principles align with the core values of financial discipline.
Your explanation of the situation was excellent and easy enough for most 10 year old's to follow. I've known about this upcoming debt tsunami for some time. Your video is better than most with it's explanation.
Finance are not difficult! What’s difficult is people not realizing they don’t deserve anything, they are average not special and if they want something they have to earn it. Grow up nobody owes you anything.
It's been a rough year with losses from failed banks, real estate crashes, a struggling economy, and downturns in stocks and dividends. It feels like everything has been going wrong. What a terrible year it is…
Companies very rich big corporations are spending money, but only on themselves. We invest in these buisnesses so tbh they probably didnt take many losses on that money spent. However are those really helping people when the people they bought from arent helping others themselves? Thats the hard part. What is tesla doing for people? Pepsi bought all those Tesla EV semis and Solar Panels atop their factories. What did that corporation do for the people? Did they fairly pay the workers and the people? Im not so sure that Elon Musk did his due Diligince. Nickle and Dimed the working class so he could take money from Pepsi. I just hope these big money deals are going to help everyone and that we all get a piece of the pie somewhere.
Skimming the comments, I see only a few understand the problem described unclearly in this video as limited to non-residential, commercial real estate. A lot of people are posting about personal residential real estate which is something else.
I’m about halfway through and gotta say, this information is very well presented in a way that makes it easy to follow and understand. Well done! 🌟 New sub earned
Warren Buffett is one of the most successful investors of all time, and he has a proven track record of identifying and profiting from market trends. So when he says that a storm is brewing in the real estate market, it's worth paying attention. It's important to be cautious about the real estate market right now. However, if you're doing your homework and making informed decisions, there's no reason why you can't still make a profit
That is your objective ? Make a profit ? The problem with making a profit in this corrupt system is that it has to absolutely take from someone in a less favorable position. Unlimited wealth in a finite ressources world is purely psychopathic.
"Wow, Warren Buffett calling a storm in the real estate market? This is just what I needed to hear. I've got $234k saved up in my emergency fund, and now I’m itching to make some moves. But seriously, the market's about to go all tornado on us? Maybe I should be looking into bunker stocks or something! 😂 Any thoughts on where to start? Should I be running for cover or is this a golden opportunity? 📉💸"
Hey, I get where you're coming from, but I wouldn’t jump to conclusions just yet. Buffett’s warnings are often a bit dramatic and the market has a way of surprising us. Sometimes a storm isn’t as bad as it sounds. It might be worth waiting it out or looking into other investment avenues before diving into real estate. It’s all about balancing the risk, right?
Great points from both of you! I’m in a bit of a pickle myself. I really want to make informed decisions but have no clue where to start or how to find a good investment advisor. I need someone who can guide me through this storm without adding to the confusion. Any tips on finding a reliable advisor?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
I looked up Linda Aretha Reeves based on your recommendation, and she seems like exactly what I need! I’m excited to see how she can help me navigate these uncertain times and hopefully turn my investment strategy around. Thanks for the tip! 🌟💼"
This video sheds light on a concerning reality. It's baffling how the cycle seems to perpetuate, benefitting the already powerful. 🔄 Your insight on the potential aftermath, especially for smaller lenders, is thought-provoking. 🏦 As someone navigating the real estate scene, this serves as a crucial cautionary tale. Thank you for breaking it down so comprehensively. 🙌
Engaging a consultant or investing coach for guidance is the optimal approach when lacking market knowledge; personally, seeking advice led to a 65% portfolio growth since January, underscoring its effectiveness despite its apparent commonality.
Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.
There are a lot of independent advisors you might look into. But i work with *Camille Alicia Garcia* and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
This is what happens when you create assets and financial products out of essentials. You weaken the core of society. People only need to offer half of the asking price or go build more for themselves. Somehow, they don't.
@@ijatpingrhyb And they are both equally screwed. At the end, both build up highrise unsustainable cities that no one can afford to live in and bankrupt themselves to oblivion.
Build more for themselves... of course, you know this is illegal, right? We have insanely prohibitive Zoning laws put in place to protect the profits of real estate owners... i.e. the bank and large multi-national conglomerates. The system isn't rigged; it's fixed.
@@DCBChump This is why you shouldn't create markets for everything. Imagine the same logic of housing applied to food. What if a few hoards all the food and then there is a mass famine. How does that look for your economy and what does it say about your society.
It doesn't help when major US cities have let their downtown area become homeless camps that are driving away investors and businesses. These are the most expensive properties in the country and are sitting empty. We are in a major reset in our economy not just inflation but culture driven and who knows how or when it will balance out. Best thing the average person can do is tighten up on your spending and wait it out.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Great video but if you wanna be successful, you most take responsibilitywe for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life, Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life 🙏🙏🙏
you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Residential housing wont pop. Too many people are locked in low interest rates this will keep inventory very low. I believe the price will decrease a bit and just hold.
The Air BnB loans are all serviced using the types of loans given to hotels... And based on the speculative value of the rental profits. They will drag the rest of the housing market ...hard.
I thought there'd be a crash but there's going to be just a 10%-20 percent correction while california minimum wage from 2020 to 2025 will rise from 13 to 18 which is a 45% increase just like in the the 1970s.
@@chasethehorizonx i own 3 vacation rentals at bellow 3% interest rate. i also put down 30% or more but for sure some put bare minimum and depand on the income to pay for their debt. I can survive for years without income.
@@investandgrow01doesn't matter what YOU CAN DO.. RE valuations are set by the inventory that sells. And with record low inventory on the market ( 1%) a move to even 2% is a 100% percent increase in the inventory and even a 3.5% fixed doesn't mean much if you lose your 90k a year job and can't find another unless your willing to work for 55K.. If comparable home sales fall in price by 25% than that's what your homes are worth. You can wait it out but the many other will not.
You obviously don't know how real estate valuation works. If several Airbnb properties sell for a lot less, all the comparable properties on a 1-2 miles radius will take a hit.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|
I was pleasantly surprised to find that you're familiar with her as well. I've had the privilege of working closely with Jenny Pamogas Canaya over the past few months, and she has not only helped me earn substantial profits but has also been an exceptional mentor and trader. Her ability to navigate various market situations is truly remarkable, and I couldn't be more satisfied with our collaboration-
Regardless of recession and the increasing inflation rate globally The foreign exchange trade has been my major source of income despite the fact that I only work from the comfort of my home, I consider myself a successful trader mainly due to the teachings of my financial mentor mr Robert Andrew
I am able to understand that trading is only betting if you don't have a profitable strategy. with his strategy, poner money doesn't make me feel like I've just bet, 😅
I worked in the RE department of a major restructuring firm from 08-15 when there was a similar tsunami of loan maturities. Same thing is happening and will continue. Half the lenders will kick the can down the road and go through the restructuring process and half will dpo or foreclose and sell to the opportunistic funds. Office is no longer the highest and best use in many areas. Many of those will be converted to some form of housing or mixed use. Some lenders will also sell their bad notes to the Blackrocks and IBanks of the world. The small mid and community banks will again suffer.
Warren said the buildings don't go away. Maybe they should. We have a major housing shortage in the USA driving housing costs up well beyond affordable. Could those buildings be torn down or converted to apartments? If converted then just make sure the insulation between units is good enough so we can't hear our neighbors. Apartments are being made so cheaply now a days.
Retail and Office segments are el gonzo. Others are really strong, such as industrial, warehouse, storage facilities and apartment complexes. Keys for the retail and office properties will be handed over to the banks that truly own them (or taken away forcibly) and, as they said, there will be new owners who'll "inherit" these properties for pennies on the dollar, dump capital into them to repurpose, and they'll be floating...until the next upheaval. That's how it goes. Markets are as organic as the people and cultures behind them. Another upwelling factor is insurance, especially in CA, FL, and TX where ins co's are sounding alarm bells and/or bailing out altogether, due to increasing natural catastrophes and rebuilding costs. If you can't get insurance or if it's too prohibitive to carry, you lose profit margin -- at best.
@PatrickWalter234 Very much the same for me, glad to hear it! When you don't rely upon third parties for your well-being, you live and sleep so much easier, ala "Live simply so others may simply live." 🙏
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The book "The Secret History of Real Estate and Banking" posits that real estate runs in 18 year cycles. Since RE last low cycle was 2008, that makes 2026 the next low cycle, of course give or take a year or 2 when speaking of long historical trends, 18 years is just an average.
It's not a cycle, it's a spiral. With each turn the income inequality increases, and eventually it will implode. We are close to implosion time. Either we enact common sense laws (greed, social responsibility, borders) or the U.S. becomes a wasteland.
What people don't realise is businesses not only have the option of just walking away, they can often sometimes renegotiate their purchase of property and reduce their debt if it makes sense to keep that business paying (many businesses choose to pay interest only and pay none of the principal back). This is termed a 'discounted purchase order' or DPO. This ofcourse only applies to businesses and not to individuals... Fair huh?
I run out and grabbed all my life, grey and retired, great attorneys manage for me. Properties sit for either tax purposes or making money. Let the property depreciate and taxes pay the note , then becomes an asset and buy more and start over.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of a planner, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Having a fduciary is essential for proper portfolio diversification to make gains. My advisor is LOREN LENA WALKER who is easily searchable and has extensive knowledge of the financial markets.
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In 7 states they have an anti deficiency law. Meaning that if you sell the house in a fair, arms length deal any excess owned to the bank must be forgiven by the bank and is not owed. You should make that clear because CA and AZ are two of these states and it makes a big difference if there is a crash.
Aren't banks in the 1st position.. meaning they get paid first. So with that.. they will get all the proceeds and the equity of the seller will be wiped
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This interest rate system they talked about for commercial real estate is how it always is in Canada. You always re-negotiate your rate every 5 years, or you take a variable rate mortgage which changes month to month. USA has it made compared to Canadians.
The part were I don't understand, why the bubble keeps increasing and it's not popping out sooner ? Which makes me think that is more something that is controlled and will appear when it needs too.
Because the government keeps creating more money. More money means the bubble can keep growing. But it also means debt payments are higher. Generally people with the least money are the most effected, which is why we are seeing increased homelessness and poverty, and the failure of small businesses. The government can keep inflating, and pushing its citizens into poverty, or they can let the bubble pop and let the owners suffer. Guess who funds their campaigns? Guess who votes the most? The OWNING class. So they will keep inflating things until the pressure is too much and they can't control it any more and it pops despite their best efforts.
Because the original loans are for the most part fine right now, the problems arise when they reset to higher interest rates. These are not fixed rate loans, they adjust usually after a number of years. The banks might not be in terrible position, depends on the loan to value situation.
Everything seems fine as long as everything seems fine. The thing that gets me is if someone has the original 350k (example from this video) there is a substantially less risky 5% high yield savings and T-Bills available so if someone is going to merely break even on these commercial real estate deals, my question is why would anyone ever do this if there are significantly LESS RISKY investments one could make with 350k
As far as I know, Buffet is one of the very few rich men who didn't step all over people to get where he is at. He didn't lie, cheat, and steal. I could be wrong, though, and am open to new info about him and willing to change my mind based upon new evidence.
Here in the UK, Most household mortgages are only fixed for 3 to 5 years. There are loads of people whose fixed deal is coming for renewal and unfortunately there will be many who will no longer be able to afford the increase payments as we have become used to very low interest rates .
Could all these commercial properties be converted to residential? If this was stood up as a new normal to replace building new apartment blocks, could this avert the impending disaster?
Depends on the building but adding windows, bathrooms and airshafts can be more expensive than just knocking it down for a parking lot. Also the re-districting takes lawyers and assessment people you have to pay $$$$
I will add to that….then you have a huge zoning problem. Zoning for low income residents for instance, would severely bring down the value of the surrounding CRE.
Interest rates in Germany were down to 0.6 % in 2019/2020 - not 2.5 % .. buying real estate was so ridiculously cheap prices went through the roof and it was still cheaper to buy than to rent.. and now we are at 4 to 5 % which is a seven fold increase for the same type of loan.
@@GahBoe most of the people cant afford to buy a house if the dont inherit something. Lot of the Loans for houses are 30 years plus (middleclass, dad working fulltime, mom half the day + running the household, no fancy car) Edit: Just looked debt to income in germany up.. Currently at 87% That is as bad as 2009 lol. What a time to be alive as a 25 year old
Germany deserves trouble after what they did to europe in 2015. Merkel the fool allowing europe to be invaded which it is in 2023. She should face jail.
@@horux1129 you mentioned 30 years+. So is the typical house loan in Germany 30 years, or is it more? I just want to get a some what accurate number. In the US, 30 years is the typical max, with a few being 15, and the more less common 10 year.
@@bman6502 Sure, you are Right of course, but as you also know for sure, many who have much Money in todays World have forgotten that it could also become a Reality that not much is left of our former Habitat Earth and first then those filled with Greed will begin to understand said spruch.
I get what you’re saying.. I find it interesting that most of the world believes in some form of God, and all those “Gods” preach about serving the poor and homeless.. the Bible talks a lot about wealth, but I guess Christians conveniently, put aside those versus….
@@bman6502 Yes, I know what you mean. I have become more Spiritual than religious as I usef to be, and feel we have been manipulated programmed to follow certain ways of thought that do not rhyme together at all with the Christus Energy thought. Greed is as old as there are Humans and many have suffered from that. The World seems to be our of control now for a while. Thank you for your Posting. Have a good day and stay strong. Greetings..R.
I remember the collapse of the commercial real estate market in Boston in the mid-1980's. My employer at the time, The Bank of New England had tons of that paper on their books. They eventually went out of business. FWIW, The BNE was one of the largest banks in New England at the time.
It's the same pattern repeating since the glass stigall reguletion was revoked. The banking industry has been at the heart of every economic downturn we have experienced.
The bank isn’t losing money because they got a building back for less than they loaned out. They still made tons of money off it and got the building and even a tax write off. They make out in the end.
In a house, people are evicted, the house goes from underperforming loan agreements to empty and month if not years of non use for a usable property. These are typically tenants based. The bank will take possession and try to keep the tenants from leaving, unless they have better use for it. And they most definitely do not. This will be a quiet wave of forclosures. Likely held in board rooms, and not on the courtroom steps.
So it’s like a disease/cancer is destroying the real estate market from deep within undetected and unrecognized. This makes my insides quiver. Very strange times indeed.
Too much instant media coverage of every thing tho. Something is sure to get out and spook somebody who will dump something and that’ll spook somebody else who in turn will….y’all get the point
Literally nothing about this is true. Each state contains their own laws but there is no such thing as a quiet, board room foreclosure. Tenants get evicted, not owners. If owners don't pay then foreclosure could be eminent. A non-performing loan on a banks records is a liability to them, as they aren't earning money in the form of interest (owner not paying). So they foreclose, sell the home. Not every state is a judicial state for foreclosure proceedings happening on "courthouse steps" but there is still a required legal process that is quite public, not private. I do not foresee a wave of foreclosures happening. And as far as this video, not all commercial loans are variable as they suggest. Not sure I believe this video is very credible. Read many of the comments, many are repeats of paid posters to get lots of comments for more views.
They said "in just a few months"... 11 months on and it still hasn't happened. Inventories in Florida have gone back up to the historic mean and not above, while more than 3 million people moved into Florida. Inventories are still low in Florida for residential. Many people are sitting on 3% mortgages and they would be foolish to sell. Also, building costs have skyrocketed so housing starts are at record lows. The crash will only affect: Theater properties, Malls, Commercial office space, big box store properties and some strip malls with dying anchors.
A nice interspersing of the Buffet and Munger video with the teaching. I normally don't like this format, I just like seeing the original video. But this is so well done because the explanations are clear, concise, and well-placed.
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I've been hearing about this impending RE market crash for 2 years now. While in my state the market leveled off or even went down a little, there certainly has been no crash. Even with high interest rates, there is a serious housing shortage still and the lack of supply will continue to counteract adverse market forces until supply increases a lot.
Supply will never what it needs to.. not for another decade or two. The lack of builders and tradesmen is the cause for the low supply and lack of affordable housing
People justify anything no matter what is happening behind the scenes. In 2007, I said to my husband we should consider selling our vacation house. He discounted me. In 2008, I emphasized Junk Bonds and Balloon mortgages were becoming popular and that wasn't good. He and the Accountant rolled their eyes at me. In 2009 I said we need to sell in the next few months. The Accountant and husband said, "What makes you the expert?" In late 2009 the house lost over $300,000 in value. We sold in 2012 at the highest price going, but we were still $50,000 below our purchase price. When 2021 came he didn't argue with me again. We sold quickly making a profit of more than $600,000. Since then the houses in my old area are selling $200k - $400k below recent purchase prices. They didn't think house prices were going to go down either. I sold not because prices were going down, but because they were nearing their highest prices ever....
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
very true, I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
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My house payment was fine but then the taxes went up, please put the monthly payment up, then the HOA went up from $200 to $304. Download utilities went up enormously.
When the housing market suffers, people who work in that space loose their jobs. Unless you work in loss mitigation, you are at a loss. This will happen to people who work in commercial real estate if this storm is taking off. The real estate agents, the brokers, the servicers, the underwriters, the people in back office supporting the loan transaction. If your income is from that type of work, now is the time to prepare.
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Warren's son Howard was sheriff didn't have requirements to be a cop tell me Warren' didn't know hi's son was a sheriff and didn't have requirements to be a cop these elites are fraud.
Most recessions occur when a Republican is president. Americans definitely have amnesia...
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Her name is “Tenley Megan Amerson’ can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
nobody saw it in 2008? lol there were articles on the bubble plastered all over the news. you just choose to not notice them.
You left out the best part. What happens after the crash? When small banks struggle and the economy crashes, the trillion-dollar banks will be the ones buying everything at low low prices and consolidate even more wealth. This is exactly what happened in 2007-08. While everyone else got wiped out, the gazillionaires used their access to capital and zero interest rates to buy everything. This is exactly why the wealth gap has become so dramatic over the last decade or so.
That’s the key to have liquid cash. You can’t let a good recession get away without cashing in.
Yep its all designed unfortunately.
@@brycelupo3147
The best part is they keep you poor to send you to war to protect their wealth while telling you that the enemy will take away your freedom 😂😂😂
all probably with our tax dollars in the form of bailouts too. its so scummy
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I wonder if i have money in a small bank that collapses, and the FDIC comes to the rescue, will they give me my money in traditional money or will it be in the new CBDC digital currency?
One thing I think you might have overlooked is the year over year property value will increase, which to my understanding is around 4%. So I would add that as well
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
These two have completely forgotten what it feels like starting out on life. They are responsible for these happenings between real estate and banking. They are creating it and doing it on purpose. Devils in sheeps clothing.
Nothing.
Don't forget that politicians didn't outlaw corporate ownership of homes to prevent this problem.
Good stuff man 💪💪💪💪
They're all in on it. That is why made it this way.
Exactly. Places like Canada are trying to ban investors from buying up local homes.
Of course not ...the usual BS in play. The Big Bank Shuffle
They couldn't, any more than a town can outlaw black people from owning homes there. I've also never seen a home that is or has been owned by a corporation, so I'm not sure what you're going on about.
They need to BUILD houses for people on SOCIAL SECURITY. Low income and MIDDLE CLASS people.
Make having a house AFFORDABLE.
Right now it's Not for the average person.
RENT IS WAY TO HIGH FOR APARTMENTS.
ya... this is exactly what should happen to make everyone happy. However it wont happen. They are set on a course to eliminate the middle class. We are the next homeless in the upcoming future.
All they build now is luxury homes there's plenty of homes for rich people and upper-middle-class nothing for the middle class and below the upper-class own all the smaller homes for rentals and airbnb
Also it didn't help when Biden triple the cost of building materials so now it cost three times more to build the same house we could have built in 2019
Yes and it makes me sick. I purchased my home in 2004 for 206,000 dollars. Its now supposedly worth 350,000. I owe 100,000 on the mortgage. So even if I sold my home for 350,000 netting 200k with money saved id have around 400,000 for a house. However in order to get a house that is equivalent to the one I have. I have to take out a mortgage for 100 or 150,000. After 30 years I will be near death and will have paid the banks almost 500 thousand dollars over the course of the loan. WTF? who would sign up to do that? So I'm stuck in a bad area in a burned out city that turned to shit after the Riots. I get paid nothing and groceries everything is being priced out of the stratosphere. I purchased a sandwich at subway yesterday. It used to cost me 7 dollars to eat at subway. Now its 20 dollars for a sandwich. Everything is insane and I feel like I'm getting screwed at every corner. I can do nothing to change my circumstances. This is the way it is now? what a sad time of life for the united states people. However... I'm sure other places have it worse than I do. So I cannot complain too much.@@Simplicityisbliss222
If you voted for biden and his bi%ches, stop complaining and don't vote for Dems in 2024. If you voted for Trump, then I feel your pain. @@marcussmith4913
You can ignore reality, but you cannot ignore the consequences of ignoring reality. 🤔
Ayn Rand
The west is about learn this the hard way.
Sheep😂
This is how I see all my "glass half full" friends, when I talk about all the crap happening around us. Well said.
tell this to Biden voters
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
Do you mind sharing info of the adviser who assisted you?
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
I'm good, I paid my house off last year
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
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..!!
all they have to do is pass a federal law that prohibits companies and firms to buy residential estates, then release the estates that companies/firms already owns back to the banks gradually
They will never do that! Their plan is to own everything and you rent from them forever!
Why give them to the banks? These massive firms are in effect banks, since they own basically every one and the owners are literally involved in owning the private corporation known as the Federal Reserve. Fuck the banks, they shouldn’t even have the option to take a house from a person. We need better solutions that aren’t based in money.
This is a Democratic Capitalist country...
The government and big corporations are the exact same thing now. This whole fair share and hate the rich scam liberals fall for is doing the exact job they intended it to. The government doesn't want to stop this. They have a hand in it.
It should be illegal for corporate investors to buy single family dwellings.
Warren Buffet is one of those guys that you wonder who's side he's on.
pretty sure he is on his side
Probably on his share holder’s side.
@@bradc32you don't make it to billions in net worth by having a shred of morality or genuine concern for others.
😂
He doesn't have the evil eyes and vibes that other old rich powerful elites have it's what I gather
"Who will be the one to bear it (the financial losses)?"
If 2008-09 is any guide, the answer is: the American taxpayer, not the fat cats who gambled with the banks' money.
Always the case. We loose. Its planned that way.
@@iwant2chgmyworldi863 lose
Exactly!! Thus, the massive wealth gap to begin with..."average" people's wages stagnant for decades, but still paying their fair share of taxes. Meanwhile, taxes cut for some CEO making millions a year!
That's the long term outcome of supply-side economics, aka "trickle-down." The only thing that ever trickles down is the mess. For 40+ years now, the middle class has allowed itself to be bamboozled by the Messieurs Money Bags into believing in the mythical beast called "job creators." Our most economically expansive years were the '50s & '60s, when demand ruled > factories hummed, corporate tax rates were high which led corporations to put a much larger share of their profits back into the business, which drove further expansion of both the economy and the middle class. How much longer are we going to keep buying the "trickle-down" b.s.? Will it be a grand case of "don't know what you've got 'til it's gone"?
Alot of the debt was created by everyday people too.
That's why corporations are buying up single family homes.
AND Mobile Home Parks. Buffet too - Century Homes. Lot rent is expensive for mobile home owners even if they own their homes :( Small parks are getting bought up and rent soars. Home gets seized if owners can’t keep up. Then Ready for resell at 15%+ loan. Just sayin’
It's called Neo-Feudalism
Should not be allowed. Eventually they’ll rent at high rates and never put those homes back on the market.
@@freerangeboogie7293 yep happening here in Florida. people lived in a manufactured community with lot rents at 500 or 600, went to 700, then 900, and now up to 1200 in less than 3 yrs. Awful what it has done to the seniors on fixed income. They ate being forced our of their own neighborhoods
OMG@@veronicaegidio3595
Cheap money has always been the cause not the cure for our economy
Cheap money or expensive money; doesn't matter. What matters is how you deploy those resources. You can have the best monetary policy and absolute equality but blow the entire economy to oblivion. What really matters is where you spend and if that creates better quality of life.
No the ones with the money cause the effect they have the money to buy . No one does when things are tough, but the ones who created the issue do.
banks cause all booms and bust in the economy with loans
AGREE, interest rates have to go to 20%+++ to stop this madness. Let them live in super tiny houses, Loans on homes has to stop. Cash only. No loans.
We’re Grateful that our house was finished being built in 2019.
Our original interest rate was 3.85%, but it the summer of 21, we refinanced and got a 30 year fixed mortgage at 2.9%. We make 2 extra payments a year so we’ll have our house paid off in about 14 years.
So by the time my wife retires our house will be paid off.
The attached 800 sq ft, 1 bedroom, 1 bath apartment will give us an extra income for the rest of our lives.
It all looks like a great plan! But, then shit happens….. good luck and wish you the best! 👍
@@thelmaengleton3401 Thanks, it’s been working since 19
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
In the event that you are unfamiliar with the market, I advise obtaining expert guidance. The best way to start building a well-structured portfolio is to work with a professional who understands the volatile yet lucrative industry.
A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license a and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.
@@mikeroper353 Please who’s this Financial advisor that guides you?
I'm been guided by “Vivian Carol Gioia” who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
@@mikeroper353 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
A crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370,000 portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
You will need a reliable FA to help you through the current market turmoil. I've been talking to an advisor for a while now, mostly because I lack the knowledge and energy to deal with these ongoing market conditions. I made more than $320K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having a Financial consultant is now the best line of action, especially for those who are close to retiring
@@ElizabethGalvin1 That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?
I've spared myself the hassle that a disorderly market brings. Because of my line of work, I am unable to manage my portfolio, so I simply mimic the trades of LAURA MARIE RAY, a Financial consultant I watched on Bloomberg Business News. These days, the best approach to enter the market is through reading, researching, being patient, and getting advice when necessary. After that, everything went smoothly.
@@ElizabethGalvin1 Laura pears to be a true authority in this field. I looked her up on the net cos I really need this, and found her website, went through her profile and I can say she's superb. Dropped a message hoping it gets replied.
Engaging in an individual option is fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
can you explain in full the options you’re into...
To create high dividends, it’s wrong to engage in a single option rather than diversify into various options with high performance coupled with the aid of a Pro will generate higher dividends
Do not lay your eggs in one basket.” I engage on various options with the aid of my pro, *JENNY PAMOGAS CANAYA* and so far have acquired so-much
I just searched *JENNY PAMOGAS CANAYA* out of curiosity, her profound dexterity looks too ideal for everyone on board!
Sounds like a scammer ⚠️ 📢 🚨 ⚠️ @@DionneRabey
Since 2015 I’ve been waiting on a meltdown. I’ve always believed 2008 was never actually dealt with. All the Fed did was create more debt and even riskier behavior, riskier in many ways to what was going on in 2006-07. But, it took too long and still hasn’t popped. I decided I’m 100% done with stocks. I now only buy distressed real estate and private businesses. I’ll never revisit stocks. The more eyeballs looking at an investment opportunity the less I’m interested
100% 2008 was just pushed down and it will bite us hard
In 2008 I dealt with it buying two rental at half price and a $560k short sale remodeled Marco Island condo for $240k cash after hosing crash.
Paid off my primary home nine year mortgage that year as well.
All because of my investments.
Facts
It's been dealt with. Banks have to pass stress tests, and banks don't give mortgages to people with a heartbeat like in 2006. Banks can't mix in low credit borrowers with high credit borrowers when they look for investors.
interest should have never gone down to 3% ,
3% is ok if you have to put down 33%
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
This is making me a bit wary about my property investments.💔
I have worked with her, best guess yeah, She has an incredible knack for spotting the right investment opportunities, even in a stormy market. Her guidance is invaluable.
I'm still a bit skeptical about the potential earnings. Real estate is so unpredictable.😢
I get your concern. But Lucy has a proven track record, and her analytical skills are top-notch. She calculated the risks and gains precisely. She being at the top of search result is a testament of credibility for real
Bots scams
Lol good
Better question, why do the banks rely on us for bailing them out when they can bail on us at anytime?
Because the game is rigged. Thankfully, more and more people are getting educated on how this system works and start moving their assets outside of this charade. Unfortunately there is only one answer right now, that is Bitcoin. Hopefully we will see more decentralized and trustworthy currencies make its place in the market.
Im surprised TH-cam allows you to ask real questions.
@@radekmraz1432 is that why bitcoin went from 50k to 18k from Dec 21 to December 22. I'm hoping this is a joke and that people actually realize the problem lies by enlarge with democrats borrowing and spending massive amounts of money. Republicans have issues too, but the train wrecked economy is 100% on Biden. Previous high inflation was Obama gas n inflation went much higher, but I don't think he was near as bad as Biden. I'm baffled the man is running America. I honestly don't see him being qualified to run any country, at most maybe a smaller third world country.
And the American taxpayers will be raped again with no recourse and no jail time for the perpetrators. It's gonna be deja vu rodeo time again folks!
That's just how the game is played my friend. This is why I am working to become mortgage free.
People dont seem to understand that when their house value rises, so does their property tax!
Depends on what the assessor says. There is an unjust assessments across the country where less valued homes pay more in percentage of taxes compared to rich neighborhoods.
Here in Texas, that is SO true.
The only reason you should be happy when your house goes up in value is if you are flipping it.
@@GreenMeanie101 Amen! Your Property Tax's go WAY up, Insurance goes WAY up. Good times!🤣
You are correct...and here in my county 70% goes to a sub par school system.
I always look up your videos when it comes to financial lessons. You are such a blessing to this community. People are financially struggling to put food on the table, yet no change is made. I appreciate Anna Contreras alots, you've helped my family with your advice! Imagine investing $17,000 and receiving $33,000 in 7days
I owned a poultry farm at one time. When I was building this farm it cost me around 750,000 dollars, which I borrowed from a bank and used my home and land for collateral. At the time they were offering huge sign on bonuses and I was in a bad way, so I took the risk. What I didn't understand is that the reason all this was able to be offered was that the fed was backing the bank 90% if any of these loans went into default. In the end they flooded the market with new poultry farms which in turn gave the poultry companies to much of the upper hand, so I lost everything I worked for, for the last 20 years. Not only me but many others in the same boat. And most of the older poultry farms were gave some kind of excuse that they would no longer be needed. This goes deeper than this and could go on all day. Anyway things are looking up again. Thank You Jesus
Bless you
This how the government manipulates the market by playing favorites with corporations. So glad things are going well for you now.
thank dems, not jesus
@@brucewilliams2106 Thank dems for what?
unemployment down, inflation down, interest rates down . @@alittleofthisandthat8003
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
You are right.!
That is why I had to start forex trading 2months ago and I now am making benefits from it..
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
NOBODY BECOMES A MILLIONAIRE OR BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRINGS MILLIONS OF DOLLARS AND CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT
Investing in Stocks and Forex is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I learned very quickly from the crash of 2008. I was in my early 30's and watched how everything went to absolute shit. So for the past 15yrs I have done nothing but save all my money, make solid investment choices, budget, budget, budget and become debt free. That's just the tip of the iceberg, but I'll be damn if I suffer as much as my parents did when they each lost almost 100k each from their hard earned 401K and other avenues of revenue/investments!.... NEVER AGAIN!!!
Mind if I copy your methods and apply them to my life??
@@Grizzly406 Sure thing Brother!... Have at it!.... ✌🏼
I was lucky, prior to the 2008 crash I moved my mutual Ira funds into a well protected account at Waddell and Reed. I was anticipating a bubble burst after listing to a panel on PBS which predicted the drop earlier in the year. They were right.
Everyone forgets that if you left your money alone, you would have been 100% restored PLUS 10% interest by 2012…
Me too...this is the way.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Celina Raghee
Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.
Crypto is pretty profitable at the moment. but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 750--k just in a matter of days/ weeks, so I think there are a lot of wealth transfer in this downtime if you know where to look.
I hope they both make it to 2025.
💀💀💀
Nooooooooo 😂😂😂😂😂😂😂
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
I hope they don’t make it out of the building.
😂😂lol 😂😂
In 2008, when the real estate market and banks crashed, it was mid to small contractors like me that took a disproportionate hit along with contractor supply companies. I could no longer pick up building materials and pay the bill at the end of the week or month. And in my case, being an electrical and HVAC contractor, I had to pay in advance to order material 1 to 2 weeks in advance to get it so that was cash up front for material I would not get on hand for 1 to 23 weeks and for most the only option was expensive credit as small to mid-sized contractors just do not have that kind of capital on hand and the customer does not either. Contractors go under, and contractor prices go up and work just does not get done, and as a result, the unemployment on the bottom base level of construction labor and even the mid and higher paying kraft level construction labor goes up drastically. Plumbers, Electricians, and HVAC techs go unemployed. They make up the upper middle class and are now unemployed. It was the wealthy that capitalized on it and we at the bottom were left to die. It will be the same now.
Exactly! as a wife of Master Electrician Contractor with 30 guys on the payroll and bonded with government contracts but got hit harder in the Great Recession having to layoff and losing all our savings and 401k to try to keep the business afloat. My husband decided his health and mental well being was more important and changed careers investing in many different sources of income from commercial real estate to e-commerce and freelance electrical on the side. We learned along time ago to not have all our income eggs in one basket. These past 20 years with the economy has been so toxic.
Important to document what less capitalized contractors experienced during the great recession of 2008. I don't remember any economists describing what you went through as a result of lack of credit access. Why was there no federal relief program like PPP available to most businesses during the Covid pandemic not offered immediately after 2008?
I went to every financial institution that was offering bailout capital and all had the same answer, I did not qualify. I had to lay off 15 employees, sell almost all my trucks, generators, and other tools, and become an independent contractor for larger companies that had the capital to operate. I weathered threw it but my employees did not.@@JoseLopez-tk4tq
@@silverpurkat I am so happy to be totally retired now.
Why and who? That is a multi-faceted question with complex answers. Please be more specific. @onpoint77408
Can you cite these video clips? So we can see the date that these videos were released?
And see the context surrounding the sound bites
Alot of this was at the Berkshite Hathaway shareholder meeting a couple of months ago.
Do the work yourselves. Be a friggin adult. “Hold me mommy…..”. Geez !
@@phoenixrisin2269It’s only normal to include your sources when quoting things or showing material that wasn’t originally yours.
It’s called integrity.
It came out a year ago
In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resources to guide beginners?
I completely understand the impact of the new year on financial decisions-it's transformative. While I've found success in investing, especially with the guidance of my advisor, Natalie Marie Tuttle, I still appreciate the solid foundation i had. This principles align with the core values of financial discipline.
How can I get in touch with your financial consultant
Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
The poor people will bare the pain they always do ,because the system is set up that way!
Your explanation of the situation was excellent and easy enough for most 10 year old's to follow. I've known about this upcoming debt tsunami for some time. Your video is better than most with it's explanation.
Finance are not difficult! What’s difficult is people not realizing they don’t deserve anything, they are average not special and if they want something they have to earn it.
Grow up nobody owes you anything.
It's been a rough year with losses from failed banks, real estate crashes, a struggling economy, and downturns in stocks and dividends. It feels like everything has been going wrong.
What a terrible year it is…
Companies very rich big corporations are spending money, but only on themselves. We invest in these buisnesses so tbh they probably didnt take many losses on that money spent. However are those really helping people when the people they bought from arent helping others themselves? Thats the hard part. What is tesla doing for people? Pepsi bought all those Tesla EV semis and Solar Panels atop their factories. What did that corporation do for the people? Did they fairly pay the workers and the people? Im not so sure that Elon Musk did his due Diligince. Nickle and Dimed the working class so he could take money from Pepsi. I just hope these big money deals are going to help everyone and that we all get a piece of the pie somewhere.
Skimming the comments, I see only a few understand the problem described unclearly in this video as limited to non-residential, commercial real estate. A lot of people are posting about personal residential real estate which is something else.
commercial's just more up front in it's risk with its 7 year terms.
Residential's later in the pipeline.
The only problem is the video is very old LOL
I’m about halfway through and gotta say, this information is very well presented in a way that makes it easy to follow and understand. Well done! 🌟 New sub earned
Agreed! Came here to say the same thing. 😊
Warren Buffett is one of the most successful investors of all time, and he has a proven track record of identifying and profiting from market trends. So when he says that a storm is brewing in the real estate market, it's worth paying attention. It's important to be cautious about the real estate market right now. However, if you're doing your homework and making informed decisions, there's no reason why you can't still make a profit
And finds every avenue not to pay taxes
He can predict what he creates
Pellosi is 100 X better at this than Buffet
That is your objective ? Make a profit ? The problem with making a profit in this corrupt system is that it has to absolutely take from someone in a less favorable position. Unlimited wealth in a finite ressources world is purely psychopathic.
"Wow, Warren Buffett calling a storm in the real estate market? This is just what I needed to hear. I've got $234k saved up in my emergency fund, and now I’m itching to make some moves. But seriously, the market's about to go all tornado on us? Maybe I should be looking into bunker stocks or something! 😂 Any thoughts on where to start? Should I be running for cover or is this a golden opportunity? 📉💸"
Hey, I get where you're coming from, but I wouldn’t jump to conclusions just yet. Buffett’s warnings are often a bit dramatic and the market has a way of surprising us. Sometimes a storm isn’t as bad as it sounds. It might be worth waiting it out or looking into other investment avenues before diving into real estate. It’s all about balancing the risk, right?
Great points from both of you! I’m in a bit of a pickle myself. I really want to make informed decisions but have no clue where to start or how to find a good investment advisor. I need someone who can guide me through this storm without adding to the confusion. Any tips on finding a reliable advisor?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
I looked up Linda Aretha Reeves based on your recommendation, and she seems like exactly what I need! I’m excited to see how she can help me navigate these uncertain times and hopefully turn my investment strategy around. Thanks for the tip! 🌟💼"
Watched Linda Aretha on Bloomberg finance summit 4 years ago and her presentation was terrific!
This video sheds light on a concerning reality. It's baffling how the cycle seems to perpetuate, benefitting the already powerful. 🔄 Your insight on the potential aftermath, especially for smaller lenders, is thought-provoking. 🏦 As someone navigating the real estate scene, this serves as a crucial cautionary tale. Thank you for breaking it down so comprehensively. 🙌
This has become one of my favorite youtube channels.
Thank you for all the support. It really means a lot ❤️
Engaging a consultant or investing coach for guidance is the optimal approach when lacking market knowledge; personally, seeking advice led to a 65% portfolio growth since January, underscoring its effectiveness despite its apparent commonality.
Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.
@@maryHenokNft wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
There are a lot of independent advisors you might look into. But i work with *Camille Alicia Garcia* and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
This is what happens when you create assets and financial products out of essentials. You weaken the core of society. People only need to offer half of the asking price or go build more for themselves. Somehow, they don't.
Watched a speech by a professor. Like he said Chinaese government controls it's billionaire's, America billionaire's control the US government 😂😂😂
@@ijatpingrhyb And they are both equally screwed. At the end, both build up highrise unsustainable cities that no one can afford to live in and bankrupt themselves to oblivion.
We shouldn't look at our houses as investments. We should look at them like homes.
Build more for themselves... of course, you know this is illegal, right? We have insanely prohibitive Zoning laws put in place to protect the profits of real estate owners... i.e. the bank and large multi-national conglomerates. The system isn't rigged; it's fixed.
@@DCBChump This is why you shouldn't create markets for everything. Imagine the same logic of housing applied to food. What if a few hoards all the food and then there is a mass famine. How does that look for your economy and what does it say about your society.
It doesn't help when major US cities have let their downtown area become homeless camps that are driving away investors and businesses. These are the most expensive properties in the country and are sitting empty. We are in a major reset in our economy not just inflation but culture driven and who knows how or when it will balance out. Best thing the average person can do is tighten up on your spending and wait it out.
An empty property has no value. Any potential value is subjective, not real.
That is the delusion that keeps the real estate market crashing.
Outstanding Video!!! It definitely helps put things in perspective.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
Great video but if you wanna be successful, you most take responsibilitywe for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life, Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life 🙏🙏🙏
you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
It's not just commercial that's getting hit, it's hitting residential realestate
Residential housing wont pop. Too many people are locked in low interest rates this will keep inventory very low. I believe the price will decrease a bit and just hold.
The Air BnB loans are all serviced using the types of loans given to hotels... And based on the speculative value of the rental profits. They will drag the rest of the housing market ...hard.
I thought there'd be a crash but there's going to be just a 10%-20 percent correction while california minimum wage from 2020 to 2025 will rise from 13 to 18 which is a 45% increase just like in the the 1970s.
@@chasethehorizonx i own 3 vacation rentals at bellow 3% interest rate. i also put down 30% or more but for sure some put bare minimum and depand on the income to pay for their debt. I can survive for years without income.
@@investandgrow01doesn't matter what YOU CAN DO.. RE valuations are set by the inventory that sells. And with record low inventory on the market ( 1%) a move to even 2% is a 100% percent increase in the inventory and even a 3.5% fixed doesn't mean much if you lose your 90k a year job and can't find another unless your willing to work for 55K.. If comparable home sales fall in price by 25% than that's what your homes are worth. You can wait it out but the many other will not.
You obviously don't know how real estate valuation works. If several Airbnb properties sell for a lot less, all the comparable properties on a 1-2 miles radius will take a hit.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|
I was pleasantly surprised to find that you're familiar with her as well. I've had the privilege of working closely with Jenny Pamogas Canaya over the past few months, and she has not only helped me earn substantial profits but has also been an exceptional mentor and trader. Her ability to navigate various market situations is truly remarkable, and I couldn't be more satisfied with our collaboration-
Regardless of recession and the increasing inflation rate globally The foreign exchange trade has been my major source of income despite the fact that I only work from the comfort of my home, I consider myself a successful trader mainly due to the teachings of my financial mentor mr Robert Andrew
I am able to understand that trading is only betting if you don't have a profitable strategy. with his strategy, poner money doesn't make me feel like I've just bet, 😅
Robert andrew trade
ⒾⓃⓈⓉⒶⒼⓇⒶⓂ
Absolutely a brilliant presentation. Easy to follow and understand. Well done...........
Thank you, Gary! Make sure to subscribe to the channel 😊
I worked in the RE department of a major restructuring firm from 08-15 when there was a similar tsunami of loan maturities. Same thing is happening and will continue. Half the lenders will kick the can down the road and go through the restructuring process and half will dpo or foreclose and sell to the opportunistic funds. Office is no longer the highest and best use in many areas. Many of those will be converted to some form of housing or mixed use. Some lenders will also sell their bad notes to the Blackrocks and IBanks of the world. The small mid and community banks will again suffer.
Warren said the buildings don't go away. Maybe they should. We have a major housing shortage in the USA driving housing costs up well beyond affordable. Could those buildings be torn down or converted to apartments? If converted then just make sure the insulation between units is good enough so we can't hear our neighbors. Apartments are being made so cheaply now a days.
Agree
Retail and Office segments are el gonzo. Others are really strong, such as industrial, warehouse, storage facilities and apartment complexes. Keys for the retail and office properties will be handed over to the banks that truly own them (or taken away forcibly) and, as they said, there will be new owners who'll "inherit" these properties for pennies on the dollar, dump capital into them to repurpose, and they'll be floating...until the next upheaval. That's how it goes. Markets are as organic as the people and cultures behind them. Another upwelling factor is insurance, especially in CA, FL, and TX where ins co's are sounding alarm bells and/or bailing out altogether, due to increasing natural catastrophes and rebuilding costs. If you can't get insurance or if it's too prohibitive to carry, you lose profit margin -- at best.
@PatrickWalter234 Very much the same for me, glad to hear it! When you don't rely upon third parties for your well-being, you live and sleep so much easier, ala "Live simply so others may simply live." 🙏
@PatrickWalter234Smart and frugal = financial success. If only many others lived like this. My husband and his siblings are the same way.
🚨🚨🚨 SCAM WARNING 🚨🚨🚨
Several TH-cam channels have been plagued with automated computer programs (Bots) pretending to be real people promoting different 'advisors' (scammers) and tricking ordinary people into contacting them... This post appears to be one of those scam attempts.
The book "The Secret History of Real Estate and Banking" posits that real estate runs in 18 year cycles. Since RE last low cycle was 2008, that makes 2026 the next low cycle, of course give or take a year or 2 when speaking of long historical trends, 18 years is just an average.
It's not a cycle, it's a spiral. With each turn the income inequality increases, and eventually it will implode. We are close to implosion time. Either we enact common sense laws (greed, social responsibility, borders) or the U.S. becomes a wasteland.
What people don't realise is businesses not only have the option of just walking away, they can often sometimes renegotiate their purchase of property and reduce their debt if it makes sense to keep that business paying (many businesses choose to pay interest only and pay none of the principal back). This is termed a 'discounted purchase order' or DPO. This ofcourse only applies to businesses and not to individuals... Fair huh?
Sooo The LITTLE GUY AND GALS bail out the 1% YET again????
Not fair, but practical. Basically another version of "too big to fail".
Isn't what Trump has been doing all along... seriously.,. idiots..
I run out and grabbed all my life, grey and retired, great attorneys manage for me. Properties sit for either tax purposes or making money. Let the property depreciate and taxes pay the note , then becomes an asset and buy more and start over.
@FITNESSOVER45 talk to a CPA attorney or investment firm.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of a planner, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Having a fduciary is essential for proper portfolio diversification to make gains. My advisor is LOREN LENA WALKER who is easily searchable and has extensive knowledge of the financial markets.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
In 7 states they have an anti deficiency law. Meaning that if you sell the house in a fair, arms length deal any excess owned to the bank must be forgiven by the bank and is not owed. You should make that clear because CA and AZ are two of these states and it makes a big difference if there is a crash.
Aren't banks in the 1st position.. meaning they get paid first. So with that.. they will get all the proceeds and the equity of the seller will be wiped
Who determines if the transaction was "fair"?
@@GahBoeDave does.
Great piece. I’d appreciate a follow on segment on how the commercial market will impact the retail / residential market. Thanks 👍🏼
Great suggestion!
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This interest rate system they talked about for commercial real estate is how it always is in Canada. You always re-negotiate your rate every 5 years, or you take a variable rate mortgage which changes month to month. USA has it made compared to Canadians.
Canada used to have interest rates locked in for the full term liberal governments changed this
@@brianlagace57 When did this happen? I can't imagine having a fixed rate for more than 5 years. A rate that doesn't change for 30 - or 40 years???
@@mikegraham4255my house has had 4.35% for 13 years straight on my house now
found this channel a few days ago, I'm addicted!
That’s great to hear! Happy that you are enjoying the channel 😊
@@_TulipMania I don't get invited to those, else they sound much better lol.
@@_TulipMania 100%. Coz with that money you can buy more cocaine....
The part were I don't understand, why the bubble keeps increasing and it's not popping out sooner ? Which makes me think that is more something that is controlled and will appear when it needs too.
Because the government keeps creating more money. More money means the bubble can keep growing. But it also means debt payments are higher. Generally people with the least money are the most effected, which is why we are seeing increased homelessness and poverty, and the failure of small businesses. The government can keep inflating, and pushing its citizens into poverty, or they can let the bubble pop and let the owners suffer. Guess who funds their campaigns? Guess who votes the most? The OWNING class. So they will keep inflating things until the pressure is too much and they can't control it any more and it pops despite their best efforts.
Because the original loans are for the most part fine right now, the problems arise when they reset to higher interest rates. These are not fixed rate loans, they adjust usually after a number of years. The banks might not be in terrible position, depends on the loan to value situation.
Everything seems fine as long as everything seems fine. The thing that gets me is if someone has the original 350k (example from this video) there is a substantially less risky 5% high yield savings and T-Bills available so if someone is going to merely break even on these commercial real estate deals, my question is why would anyone ever do this if there are significantly LESS RISKY investments one could make with 350k
The bigger the bubble the bigger the bang.
This Dec.
Rich people warning us about how they screwed up the world is always awesome 👍
As far as I know, Buffet is one of the very few rich men who didn't step all over people to get where he is at. He didn't lie, cheat, and steal. I could be wrong, though, and am open to new info about him and willing to change my mind based upon new evidence.
@@genkiferal7178 look into who he hangs with and what he invested into. It's nice to meet an open mind. I'm also open to any information also.
This reporter is the only person i ever see interviewing Warren Buffet.
Nothing to see here, move along!
That is warrens doing, he only lets her do interviews for about 10-15 years I bet. Always found that odd
@@wildboar9929 she is good looking.
Wow! That was REALLY well done. I’ve never had these issues explained so clearly. The graphics are excellent also. Thank you.
Wow, thank you for those kind words! Make sure to subscribe to the channel :)
That goes double for me. So well laid out and presented. And I subscribed as well.@@InvestorCenter
@@THOMMGB thank you!
Here in the UK, Most household mortgages are only fixed for 3 to 5 years. There are loads of people whose fixed deal is coming for renewal and unfortunately there will be many who will no longer be able to afford the increase payments as we have become used to very low interest rates .
I am less concerned about commercial Real Estate as I am with residential Real Estate and the value of my own home.
Could all these commercial properties be converted to residential? If this was stood up as a new normal to replace building new apartment blocks, could this avert the impending disaster?
Hard to do. Gotta gut it and put in plumbing , electric, and hope its located in a suitable placd
Depends on the building but adding windows, bathrooms and airshafts can be more expensive than just knocking it down for a parking lot. Also the re-districting takes lawyers and assessment people you have to pay $$$$
I will add to that….then you have a huge zoning problem. Zoning for low income residents for instance, would severely bring down the value of the surrounding CRE.
I know that's what NYC is trying to do, we'll see if it pans out
The cities would probably push for this. Eyes open for Rezoning changes. We are seeing this in downtown LA.
Interest rates in Germany were down to 0.6 % in 2019/2020 - not 2.5 % .. buying real estate was so ridiculously cheap prices went through the roof and it was still cheaper to buy than to rent.. and now we are at 4 to 5 % which is a seven fold increase for the same type of loan.
What is a typical length of years for a loan in Germany?
@@GahBoe most of the people cant afford to buy a house if the dont inherit something. Lot of the Loans for houses are 30 years plus (middleclass, dad working fulltime, mom half the day + running the household, no fancy car)
Edit: Just looked debt to income in germany up.. Currently at 87% That is as bad as 2009 lol. What a time to be alive as a 25 year old
@@horux1129I hope Germany can weather the storm. God knows they have been through their share.
Germany deserves trouble after what they did to europe in 2015. Merkel the fool allowing europe to be invaded which it is in 2023. She should face jail.
@@horux1129 you mentioned 30 years+. So is the typical house loan in Germany 30 years, or is it more? I just want to get a some what accurate number.
In the US, 30 years is the typical max, with a few being 15, and the more less common 10 year.
Charlie really impresses me, expecially how sharp he still is at his age.
Billionnaire privilege
like my mom told me in 1959, democrats will help the poor, republicans will help the rich.
There will come the time where People will recognize that they can not eat Money, and Love can not be Bought
Richard, you silly boy… name a time in Our entire human history where greed for money did not exist???
@@bman6502 Sure, you are Right of course, but as you also know for sure, many who have much Money in todays World have forgotten that it could also become a Reality that not much is left of our former Habitat Earth and first then those filled with Greed will begin to understand said spruch.
I get what you’re saying.. I find it interesting that most of the world believes in some form of God, and all those “Gods” preach about serving the poor and homeless.. the Bible talks a lot about wealth, but I guess Christians conveniently, put aside those versus….
@@bman6502 Yes, I know what you mean. I have become more Spiritual than religious as I usef to be, and feel we have been manipulated programmed to follow certain ways of thought that do not rhyme together at all with the Christus Energy thought.
Greed is as old as there are Humans and many have suffered from that.
The World seems to be our of control now for a while.
Thank you for your Posting.
Have a good day and stay strong.
Greetings..R.
@@bman6502 True...SOME so-called Christians...but one thing for sure, like all of us, they still leave this world and don't take anything with them!
I remember the collapse of the commercial real estate market in Boston in the mid-1980's. My employer at the time, The Bank of New England had tons of that paper on their books. They eventually went out of business. FWIW, The BNE was one of the largest banks in New England at the time.
As the problem becomes mainstream, there will be a big war :(
Why would you go to war to protect their wealth
@@ijatpingrhybbecause they shared more tax payers money with them and gave the poor $1200 stimulus 😅
@@factz8131 and theory bailed them out in 2008
@@ijatpingrhyb not a chance
It's the same pattern repeating since the glass stigall reguletion was revoked. The banking industry has been at the heart of every economic downturn we have experienced.
Most US jobs: “we’ll give you just enough to survive and to make minuscule payments on your mountains of debt.”
The bank isn’t losing money because they got a building back for less than they loaned out. They still made tons of money off it and got the building and even a tax write off. They make out in the end.
The house always wins.
and the americans never learn @@ARealFoxxoBean
And they get to resale it again. They never lose
That's why they lend in the first place.
In a house, people are evicted, the house goes from underperforming loan agreements to empty and month if not years of non use for a usable property. These are typically tenants based. The bank will take possession and try to keep the tenants from leaving, unless they have better use for it. And they most definitely do not. This will be a quiet wave of forclosures. Likely held in board rooms, and not on the courtroom steps.
So it’s like a disease/cancer is destroying the real estate market from deep within undetected and unrecognized. This makes my insides quiver. Very strange times indeed.
Too much instant media coverage of every thing tho. Something is sure to get out and spook somebody who will dump something and that’ll spook somebody else who in turn will….y’all get the point
Literally nothing about this is true. Each state contains their own laws but there is no such thing as a quiet, board room foreclosure. Tenants get evicted, not owners. If owners don't pay then foreclosure could be eminent. A non-performing loan on a banks records is a liability to them, as they aren't earning money in the form of interest (owner not paying). So they foreclose, sell the home.
Not every state is a judicial state for foreclosure proceedings happening on "courthouse steps" but there is still a required legal process that is quite public, not private.
I do not foresee a wave of foreclosures happening. And as far as this video, not all commercial loans are variable as they suggest. Not sure I believe this video is very credible. Read many of the comments, many are repeats of paid posters to get lots of comments for more views.
Nonsense.
@@matthewsmith2362 That is called " LEVERAGED ECONOMY"
They said "in just a few months"... 11 months on and it still hasn't happened. Inventories in Florida have gone back up to the historic mean and not above, while more than 3 million people moved into Florida. Inventories are still low in Florida for residential. Many people are sitting on 3% mortgages and they would be foolish to sell. Also, building costs have skyrocketed so housing starts are at record lows.
The crash will only affect: Theater properties, Malls, Commercial office space, big box store properties and some strip malls with dying anchors.
Very informative -- Simple explanation any one can understand -- Thanks a lot
Thank you! Make sure to subscribe to the channel if you aren’t already 😊
A nice interspersing of the Buffet and Munger video with the teaching. I normally don't like this format, I just like seeing the original video. But this is so well done because the explanations are clear, concise, and well-placed.
Never knew of non-recourse loans so this was an excellent . Now I know why there are so many vacant businesses in my area.
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This video makes the complicated topic of commercial real estate banking and investing much easier to understand. Thank you!
I’m very happy the video was useful. Make sure to subscribe to the channel if you aren’t already 😊
Great explanation of commercial real estate financing and profitability.
Thank you!!!
Very easy to understand. Thanks for a great video .. Very clear and to the point, zero fluff. Great job!.
I've been hearing about this impending RE market crash for 2 years now. While in my state the market leveled off or even went down a little, there certainly has been no crash. Even with high interest rates, there is a serious housing shortage still and the lack of supply will continue to counteract adverse market forces until supply increases a lot.
I’ve been hearing about it since 2016. Fear mongering
Supply will never what it needs to.. not for another decade or two. The lack of builders and tradesmen is the cause for the low supply and lack of affordable housing
People justify anything no matter what is happening behind the scenes. In 2007, I said to my husband we should consider selling our vacation house. He discounted me. In 2008, I emphasized Junk Bonds and Balloon mortgages were becoming popular and that wasn't good. He and the Accountant rolled their eyes at me. In 2009 I said we need to sell in the next few months. The Accountant and husband said, "What makes you the expert?" In late 2009 the house lost over $300,000 in value. We sold in 2012 at the highest price going, but we were still $50,000 below our purchase price.
When 2021 came he didn't argue with me again. We sold quickly making a profit of more than $600,000. Since then the houses in my old area are selling $200k - $400k below recent purchase prices. They didn't think house prices were going to go down either. I sold not because prices were going down, but because they were nearing their highest prices ever....
Banks need to stop writing loans for these outrageous mortgages.
Then watch the prices drop.
Yup, immediately they would drop in price.
Best comment in the section...same for the government giving out these student loans.
If I didn’t have so many cats I wouldn’t be so worried. My animals are literally the only thing I worry about.
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
very true, I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Could you possibly recommend a trustworthy advisor you've consulted with?
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My house payment was fine but then the taxes went up, please put the monthly payment up, then the HOA went up from $200 to $304. Download utilities went up enormously.
Extremely well done video. Just found your channel and look forward to watching more.
Hey! This HANDS DOWN the best video explaining this situation.....EVER!
GREAT JOB!!!!!!!
Just found this channel and I like the way this video was done. Thanks! I learned a lot 😊
Awesome! Thank you! Make sure to subscribe to the channel 😊
Done ✅
@@sisisisi6 awesome! Welcome to the community 😊
Thanks for all the help billionaires
When the housing market suffers, people who work in that space loose their jobs. Unless you work in loss mitigation, you are at a loss. This will happen to people who work in commercial real estate if this storm is taking off. The real estate agents, the brokers, the servicers, the underwriters, the people in back office supporting the loan transaction. If your income is from that type of work, now is the time to prepare.
lose (their jobs)
He didn't actually say a storm is brewing and there is no timestamp here. Neither of them said there were bad loans.
Wow that was very informative, and now have a better understanding. Thanks
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