THIS IS INSANITY. They took the risk, they pay the price!!! THAT IS WHAT CAPITALISM IS ALL ABOUT. I am sick of socialism in America for these high rollers. Yes the elderly wanted the bigger returns, but that does not entitle them to government money!!! This just throws the risk/reward ratio out the window! If you cannot stand the risk stay in government insured CDs at your bank or better yet physical gold. I hate what these financial jerks have done to the retirees, but the retirees are not children that need their hands held. And damn sure don't bail out the fund managers who knew better!!!
Mark Pashia dont these REIT providers have 3-6 months of savings? Do they need to take a financial literacy course? Did they soend all their money on tatoos and iPhones?
It is called socialism for the rich my friend.... Stop complaining... You think the rich (proxies by the fed) will allow the system to implode and them losing money.. NO!
The rich have no such fears, worries and issues ... how convenient that it falls on the middle class retirees. We are not all future tellers and geniuses in the market. We just want enough to get by, so 13% (divs) was my risk, now it's 0% with a 70K loss in capital of hard worked money I busted my ass to save! I wish I would have known about this before ... well lessons learned.
@@ericechols5806 Well, if we're being that technical, the US mint is the specific printing press owner, but it's a lot easier to just enter a 13-figure debit into a ledger and press, 'Enter'.
@@lashlarue7924 - That is true. "Technically", the U.S. Mint is a bureau of the Treasury since the late 19th Century......But Hey, we can call it the Government and that's correct as well. Since, it's under the Department of State 😂✌🏽
Fun Fact: One key part of Inflation is that its just another form of taxation. Instead of seeing an extra 3% of your paycheck disappear each year in taxes, they just create more money and now your paycheck is simply worth 3% less.
This is ridiculous just let the market balance naturally. Home prices have been insanely high for a long time and they need to come down. The Fed cannot keep artificially propping them up like this or there will be another huge housing crisis. Not to mention there are tons of people my age holding onto large amounts of cash ready to buy into the home housing market when it does fall because we’re not going to spend at these ridiculous overpriced levels.
Yes, please give me the house 5% less buy 10% in interest. Dude... please... you're a debt slave for a reason because you probably l think currency has value. Economics 101 please. Homes are already on a huge discount and if you knew the housing market already crashed, youd be buying before it went back up. Instead you'll complain instead of making money. You'll say the rich are rich because they're rich but you'll refuse to let your money work for you.
Instead of paying my mortgage im buying stock in these company's. Six times my my payments with 1000 pt gains per day and everybody wins!!! Now I can live like the investment brokers!!
The more in debt all levels of government become, the more they’ll have to inflate it away. Hence, asset prices will go up nominally even though it predisposes them to wilder fluctuations.
Let them fail. Here in Canada, real estate costs twice what it should because huge REITs borrow massive amounts of money and bid up prices to buy blocks of land.
@Alex Mackmaybe you realize that now. If average cost of an asset becomes unaffordable for an average citizen, then the asset is in a bubble. How this came to be is probably a rocket science to you so I won't bother. Enjoy your everything bubble
Alex Mack yes, only canadians should be allowed to buy land in canada. Gov has allowed rich chinese to come in and bid prices away from young canadians looking to form households
Alex Mack there’s a few you tubers that have videos on how to call your mortgage company to tell them you cannot make your payment. I started watching one video that was really good but I didn’t finish. A quick search should come up with some great videos. It was awhile ago but he talked about calling them as soon as possible to give as much time in advance... he talked about having a plan and telling them what you can afford etc. best of luck to you
Mkl 01 dont those REIT providers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
This is the opposite! The government caused the failure by saying people didn't have to pay what they owe! The homeowners keep the money they don't pay! Now the mortgage holders want to be paid or they will follow their contract rights and foreclose. Legally, the companies that experienced margin calls should sue the government for causing the market crash!
@@tiger66667 LOL... My brother (Dave Ramsey fan) called me in late January and advised me to buy a house before the market went up higher...based on counsel from Dave Ramsey. I told him Dave Ramsey is a political hack and to smarten up. Interesting that now he doesn't return my calls
@@tiger66667 In Texas we prefer Joel Osteen "Keep believing, keep hoping, keep trusting and stay in faith because He will make it happen!" thoughts and prayers
Precisely, and they’ll convince you that the world will burn if they don’t get rescued. If cruise lines can convince the fed they are a necessity, any industry can. Vegas is next
icharus yeah, i mean don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
763 412 but this is temporary unemployment cuz of the virus. A lot of ppl will get there jobs back when the economy and businesses open back up eventually
Eddie Eda dont those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
CashFlow 101 its a meme, what boomers boomer land lords say when millennials complain about not being able to afford rent, house etc. yet boomer land lords are totally leveraged to the hilt with their margin real estate investment and cannot make it through a 3-6 mo interruption either.
All these crooks, I mean "Financial Engineers" deserve to lose it all...but ya'll just watch as the bailouts roll in. Probably not in broad daylight, but through some kind of back door. I'm a pretty staunch conservative, but this is NOT Capitalism. (Nor are many, many things that today get labeled as such!) If it's going to take a Bernie Sanders to ruin everything, but at least wipe the slate clean at the same time, then maybe that's the bitter pill we need to swallow!
The 'back door' to which you are referring is the central bank's printing press. Europe and Japan are even more insane than the US is right now, but I have no doubt that the Fed will do whatever it takes, "in the name of liquidity".
And yet the part of the economy that is capitalist will be blamed. Then the government will be given more power in the name of equality; and the government and banks will profit even more. God damn government created monopolies
Mathyderabadi yeah, dont those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
James Madison yeah, don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
R Kumar don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
In New Zealand the government has announced a 6 month mortgage payment break for everyone. Together with other strong leadership, everyone I’ve spoken to (hundreds), is happy with the New Zealand government handling of Covid19 crisis. Good luck to all good Americans.
Eddy Winata dont those REIT providers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
I dont get bailed out when my positions loss me money why should they? time to stop covering their loses! we cannot keep letting them leverage risk if they are not going to take responsibility and expect us to bail them out!
I'm different than most people and I'm treated the worst way they could treat someone like me. They are not aware of how wrong it was what they did to me. They should of never got involved with my life. It would have been better if they had just killed me
My phone stopped working even through I paid the bill in advance. The robo service lady said we have problems right now because of Covid-19 worker shortages, please call back later - now its the phones!
Let them go out of business. I'm obligated, their obligated to banks. after the forbearance, I will pay my bank. Bank servicing companies are not needed.
They're all in a similar now position. Guess what else all the mortgages bonds they hold now are risky across the board Simply because of uncertainty. The riskier the better money to be made.
Prices of homes in Idaho. Have not dropped. Where do you get your information. And are pushing for higher property tax. Lets see your comment on that? Oh, I forgot that you are CNBC. I should have stuck with CSPAN.
Arturo Gómez Tagle lol.dont those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
Crying all the way to the bank. The servicers will just ramp up the default category and multiply their fees, and then have the gall to front them. One of the inevitable consequences of a bankocracy.
Do unfair, I was born in a poor family, I have never gotten ahead and have struggled financially and lived paycheck to paycheck my entire life, I have no investment, because I have never had anything to invest. Buy to watch the government of the country I live in pump all this money to the Mercedes and BMW driving class with boats and multiple houses and cabins, is so so unfair. I wish they would start everyone back ar zero. F all these rich wining about losing money that they stupidly made the choice to gamble with....
Tarz Thomas relatable. Yeah don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes? I mean why is it ONLY working families that are expected to have 3-6 mo expenses saved???
Tangible Investments don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
Heads I win, tails u lose...this is neither an "ownership society"nor "capitalism"...may not necessarily be bad for society but let's at least use those terms properly.
How bout that virus thingy sheoples , whoa ... Keep Yer Distance btw ... Oh and I saw this really good Movie ... called the Ahhh , The ahh Big Short . Not sure if anyone else did but it's worth a look and the ending is killer !
newave ride don’t those REIT servicers and investors have 3-6 mo of expenses saved like households are expected to? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
The current pandemic is making it harder for you to get approved for mortgages with a low credit score. Minimum credit score for a mortgage is not 580 anymore. In this episode of Dough Chaser TV, uncover the new minimum credit score requirements from most of the banking and non-banking finance companies that offer loans and raise your chances of approval. th-cam.com/video/gKhepZHsgZ0/w-d-xo.html
It's a lot of real estate that's going to be coming on the market at very very low prices, to bad I don't have any more cash ... wait a minute, I don't not need any cash ... someone is going to want to get out from their mortgage ...
THANK GOD i didn't buy a house last year. I predict by the end of 2020 a 25%Drop in Home Prices! That means a $500,000 house will be selling for $375,000!! Yipie!
Randolph& Mortimer. Margin Call boys. You know damn well .We don't have $389 million dollars .Put all of Duke and Duke's assets up for sale. Put their seat on the exchange up for sale. Mortimer we're ruined. You and your Nobel Peace Prize🤣😂
THIS IS INSANITY. They took the risk, they pay the price!!! THAT IS WHAT CAPITALISM IS ALL ABOUT. I am sick of socialism in America for these high rollers. Yes the elderly wanted the bigger returns, but that does not entitle them to government money!!! This just throws the risk/reward ratio out the window! If you cannot stand the risk stay in government insured CDs at your bank or better yet physical gold. I hate what these financial jerks have done to the retirees, but the retirees are not children that need their hands held. And damn sure don't bail out the fund managers who knew better!!!
Mark Pashia dont these REIT providers have 3-6 months of savings? Do they need to take a financial literacy course? Did they soend all their money on tatoos and iPhones?
It is called socialism for the rich my friend.... Stop complaining... You think the rich (proxies by the fed) will allow the system to implode and them losing money.. NO!
Someone had shorts / puts
The rich have no such fears, worries and issues ... how convenient that it falls on the middle class retirees. We are not all future tellers and geniuses in the market. We just want enough to get by, so 13% (divs) was my risk, now it's 0% with a 70K loss in capital of hard worked money I busted my ass to save! I wish I would have known about this before ... well lessons learned.
Fourth bipartisan bailout and growing!
#Goodwillcash
There is no need for a market when the fed will just buy them all using their printing press.
I get what you are saying. However, the FED just makes key strokes. The Treasury uses the printing press 👌🏼✌🏽
@@ericechols5806 Well, if we're being that technical, the US mint is the specific printing press owner, but it's a lot easier to just enter a 13-figure debit into a ledger and press, 'Enter'.
@@lashlarue7924 - That is true. "Technically", the U.S. Mint is a bureau of the Treasury since the late 19th Century......But Hey, we can call it the Government and that's correct as well. Since, it's under the Department of State 😂✌🏽
The owners of the federal reserve want to be the buyer and lender of last resort. Or they want to own everything. Criminals.
Fun Fact: One key part of Inflation is that its just another form of taxation. Instead of seeing an extra 3% of your paycheck disappear each year in taxes, they just create more money and now your paycheck is simply worth 3% less.
This is ridiculous just let the market balance naturally. Home prices have been insanely high for a long time and they need to come down. The Fed cannot keep artificially propping them up like this or there will be another huge housing crisis. Not to mention there are tons of people my age holding onto large amounts of cash ready to buy into the home housing market when it does fall because we’re not going to spend at these ridiculous overpriced levels.
taylor overcash Exactly brother!
Yes, please give me the house 5% less buy 10% in interest. Dude... please... you're a debt slave for a reason because you probably l think currency has value. Economics 101 please. Homes are already on a huge discount and if you knew the housing market already crashed, youd be buying before it went back up. Instead you'll complain instead of making money. You'll say the rich are rich because they're rich but you'll refuse to let your money work for you.
Instead of paying my mortgage im buying stock in these company's. Six times my my payments with 1000 pt gains per day and everybody wins!!! Now I can live like the investment brokers!!
have the cash in hand waiting for homes to come down!
The more in debt all levels of government become, the more they’ll have to inflate it away. Hence, asset prices will go up nominally even though it predisposes them to wilder fluctuations.
Let them fail. Here in Canada, real estate costs twice what it should because huge REITs borrow massive amounts of money and bid up prices to buy blocks of land.
@Alex Mack I don't know how old you are but your either too young to own a house or to old to know the struggles of todays market. Stay in your lane.
@Alex Mackmaybe you realize that now. If average cost of an asset becomes unaffordable for an average citizen, then the asset is in a bubble. How this came to be is probably a rocket science to you so I won't bother. Enjoy your everything bubble
Alex Mack yes, only canadians should be allowed to buy land in canada. Gov has allowed rich chinese to come in and bid prices away from young canadians looking to form households
@michaelatw86 Not all of us !! 🙂😎
@ITHEREONETHATHASNT Africa is a country, right? Danger of a single story.
Bailing out the investor class and financial sector as the working class and home owners are just out of luck. WTF
Alex Mack there’s a few you tubers that have videos on how to call your mortgage company to tell them you cannot make your payment. I started watching one video that was really good but I didn’t finish. A quick search should come up with some great videos. It was awhile ago but he talked about calling them as soon as possible to give as much time in advance... he talked about having a plan and telling them what you can afford etc.
best of luck to you
Mkl 01 dont those REIT providers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
Killercow Man I saw one by the youtuber MeetKevin
This is the opposite! The government caused the failure by saying people didn't have to pay what they owe! The homeowners keep the money they don't pay! Now the mortgage holders want to be paid or they will follow their contract rights and foreclose. Legally, the companies that experienced margin calls should sue the government for causing the market crash!
If you're not part of the "investor" class, you are an idiot.
No job, fast rising property taxes and homeowners insurance = Foreclosure apocalypse.
When you expect the foreclosure to start to happen? 🤔
Love that move “off” camera
Oskar Ege ??
John Smith yeah? It’s my name
Its about time housing bubble pop and get this over with. Real Estate is sucking too much income from consumers.
It is already over. The owner's just don't know it. They are too busy watching Tony Robbins, and Dave Ramsey
@@tiger66667 LOL...
My brother (Dave Ramsey fan) called me in late January and advised me to buy a house before the market went up higher...based on counsel from Dave Ramsey.
I told him Dave Ramsey is a political hack and to smarten up.
Interesting that now he doesn't return my calls
I’m ready to start scooping them up once it pops.
@@tiger66667 In Texas we prefer Joel Osteen "Keep believing, keep hoping, keep trusting and stay in faith because He will make it happen!" thoughts and prayers
Amen brother, too much money in circulation, we need a big ass crash
Backstopping gamblers. Even Las Vegas does not do that.
And Las Vegas is closed.
The last bastion of free market capitalism... r.i.p.
@@UltimateBargains Damn, I almost forgot about Las Vegas. Damn
Investment isn't gambling, but backstopping investment at the opportunity class of working class people isn't fair either
@@Materva-hv6sz you're being paid to take risk. If there's no risk, they shouldn't have been getting paid
@@UltimateBargains Funny I thought the last bastions were Singapore and Hong Kong.
I just love this phrase: Privatize the profits, socialize the losses. Just like 2008.
Don Ready is that Chomsky or did he get it from somewhere first?
"Heads I win, tails you lose." - Corporate America.
SoulfuzZ I have actually heard that quote more than once this week...
Wow, i saw this same quote somewhere recently and it stuck with me. It really is a good analogy of what capitalism has become in our great country.
individuals crash and burn, corporations crash and get bailed out
crony capitalism is what this is
So...they borrowed money to gamble on mortgages and lost... now they want taxpayers to bail them out?
Precisely, and they’ll convince you that the world will burn if they don’t get rescued. If cruise lines can convince the fed they are a necessity, any industry can. Vegas is next
icharus yeah, i mean don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
The gov just keeps giving them money but it’s not working lol
They want the government to pay the money the government said mortgagees could keep!
Is this me or does this sound kind of like subprime from 2008....?
This is by far way worse then 2008 2.8 million jobless in 2008 look at the numbers today.... we have yet to see anything yet , but it’s coming
763 412 but this is temporary unemployment cuz of the virus. A lot of ppl will get there jobs back when the economy and businesses open back up eventually
Over priced homes sky rocket the rents . Housing need to reset . I’m ready to buy after this .
Don't buy right away. If I recall correctly, homes were at their lowest 2 years after 2008.
it's sicking to watch two paid reporters justifying why we need to give free money to millionaire investors.
Eddie Eda dont those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
The banking system owns all the news networks.
CashFlow 101 its a meme, what boomers boomer land lords say when millennials complain about not being able to afford rent, house etc. yet boomer land lords are totally leveraged to the hilt with their margin real estate investment and cannot make it through a 3-6 mo interruption either.
All these crooks, I mean "Financial Engineers" deserve to lose it all...but ya'll just watch as the bailouts roll in. Probably not in broad daylight, but through some kind of back door. I'm a pretty staunch conservative, but this is NOT Capitalism. (Nor are many, many things that today get labeled as such!) If it's going to take a Bernie Sanders to ruin everything, but at least wipe the slate clean at the same time, then maybe that's the bitter pill we need to swallow!
The 'back door' to which you are referring is the central bank's printing press. Europe and Japan are even more insane than the US is right now, but I have no doubt that the Fed will do whatever it takes, "in the name of liquidity".
And yet the part of the economy that is capitalist will be blamed. Then the government will be given more power in the name of equality; and the government and banks will profit even more.
God damn government created monopolies
You don’t need Bernie Sanders to ruin everything. tTump is doing a great job of it himself
@@harPerhawk What do you mean?
What's with the crazy face Dom made at 2:25 ? Thought he was off camera.....
Dear CNBC TH-cam editor... you missed an opportunity for an amazing thumbnail with this here 2:26 ...
No need to bail these crooks.
Mathyderabadi yeah, dont those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
Most times, "I TOLD YOU SO!" is exactly what needs to be said.
Private profits, public risk? No, thanks, let them fail.
James Madison yeah, don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
Mortgage reits & Equity reits. Which is more suitable for retail investors?
I knew this was gonna happen and paid off my entire mortgage between 2011 and 2019.
Did you have an ARM or something?
Such crazy funds shouldn't be bailed out. What the hell there were managing without hedging even ATH? Just sick of hearing the funds are failing.
R Kumar don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
@@johnsmith4630 more like cars and jewelery
In New Zealand the government has announced a 6 month mortgage payment break for everyone. Together with other strong leadership, everyone I’ve spoken to (hundreds), is happy with the New Zealand government handling of Covid19 crisis.
Good luck to all good Americans.
Sounds like another problem created by LBOs... I just dont like borrowed money for investment...
Alex Mack smh
@Alex Mack lol. I hope you're trolling?
Eddy Winata dont those REIT providers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
@@johnsmith4630 REITs get a tax break for passing on 90% of income...YOU take a financial literacy course
So strange to see all these anchors in their own homes.
Let those bond rates return to normal. The low levels were stupid, no one should have bid them as low as they went. They shouldn't get bailed out.
platform for invest in REITs?
time to bail out everyone. we can print infinite amount of money
hyperinflation ...
kacmed unless the reset the currency
Time for a debt jubilee.
They bail out greedy people. Dumb people are on their own
The market that they regulate is working the same way it always has, for them not us
But what if you're already done paying your mortgage?
Borrowing money to buy "borrowed money to buy a property" bonds makes not sense at all. Nobody pays with cash anymore.
Another Fed's love child on life support:-(
And why do we care if they fail? Why do investors think they are entitled to high rates of return?
GIVE US $10K GOLD/10K DOW AS IT WILL BE BEST THING TO HAPPEN!
Ain’t gonna happen, fed will buy everything, fed will just print print print and buy everything
Gold will be less than 1000 get real
UPPERHAND7576 you are a one trick pony, dude! You gunna make some bread or wipe yur ass with that gold?
Give it a rest, it’s just yellow metal.
FED will end up buying gold
Bring it down! Crash the housing bubble. It's all way too high.
How are those counterparties doing?
Who are the investors? Seems not everyone is being fiscally affected. huh...
I dont get bailed out when my positions loss me money why should they? time to stop covering their loses! we cannot keep letting them leverage risk if they are not going to take responsibility and expect us to bail them out!
I'm different than most people and I'm treated the worst way they could treat someone like me. They are not aware of how wrong it was what they did to me. They should of never got involved with my life. It would have been better if they had just killed me
This is crony capitalism. I’ll take Bernie Sanders and real socialism instead of crony capitalism.
What was the weird face at 2:25?
The Fed will take whatever collateral institutions offer. No problem.
My phone stopped working even through I paid the bill in advance. The robo service lady said we have problems right now because of Covid-19 worker shortages, please call back later - now its the phones!
Keep printing keep printing let's cause hyperinflation!!!! 👌👌👌👌👌👍👍👍👍
Im so glad the banks learned from the previous crisis in 2008.
Let them go out of business. I'm obligated, their obligated to banks. after the forbearance, I will pay my bank. Bank servicing companies are not needed.
Shaky business models that are destined to fail.
Barrack was talking about Commercial Mortgage REITS or CMBS Investors like IVR and CLNC
They're all in a similar now position. Guess what else all the mortgages bonds they hold now are risky across the board Simply because of uncertainty. The riskier the better money to be made.
Regardless of how the week went, you know we have to stay positive like Dom Chu & head into it like...@2:24!! 😆✌️
Prices of homes in Idaho. Have not dropped. Where do you get your information. And are pushing for higher property tax. Lets see your comment on that? Oh, I forgot that you are CNBC. I should have stuck with CSPAN.
Property taxes will soar when public pensions crater.
SO WHEN YOU GAMBLE YOU MIGHT LOSE? NOT IN MY COUNTRY!
Arturo Gómez Tagle lol.dont those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they soebd all their reserves on tatoos and starbucks?
When you're rich and gamble ain't many normal people got the credit to gamble on mortgages.
I'm terrified about the Future. I don't see anything that's going to help make things right.
2:23 lol
Beautiful smile
@@basamnath3021 I've got a feeling you're not talking about him
That should have been thumbnail lol
😂
@@basamnath3021 thank you😊
Crying all the way to the bank. The servicers will just ramp up the default category and multiply their fees, and then have the gall to front them. One of the inevitable consequences of a bankocracy.
Printing money seems like a good idea (initially).
Do unfair, I was born in a poor family, I have never gotten ahead and have struggled financially and lived paycheck to paycheck my entire life, I have no investment, because I have never had anything to invest.
Buy to watch the government of the country I live in pump all this money to the Mercedes and BMW driving class with boats and multiple houses and cabins, is so so unfair. I wish they would start everyone back ar zero. F all these rich wining about losing money that they stupidly made the choice to gamble with....
Tarz Thomas relatable. Yeah don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes? I mean why is it ONLY working families that are expected to have 3-6 mo expenses saved???
Never bail out derivative-based investments!
Well, highly leveraged real estate companies like wework needs to go now.
Wow. These viewers are really poorly informed about how the mortgage finance industry operates.
Hey Fed , cut these guys a check.
No more problems.
Oh, they are. Believe it. The Fed's stated policy objective is to not let the wealthy lose money.
ramjamflimflam lol
These people know NOTHING!!!
Thanks Cramer
Here we go again
Taxpayers will pay 💰
let them fail
Tangible Investments don’t those REIT servicers and investors have 3-6 mo of expenses saved? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
Thousands of Americans homes rolling on the markets
no analysis needed. Fed is everything.
Heads I win, tails u lose...this is neither an "ownership society"nor "capitalism"...may not necessarily be bad for society but let's at least use those terms properly.
If your smart and have a home, you will use this opportunity to borrow money dirt cheap. Under 3% on a 30 year. So cheap! It’s coming!
How bout that virus thingy sheoples , whoa ...
Keep Yer Distance btw ...
Oh and I saw this really good Movie ... called the Ahhh , The ahh Big Short .
Not sure if anyone else did but it's worth a look and the ending is killer !
... couldn't possibly happen again tho ...
What u think of mfa
the us gov will bail the market... why are people panicking???... seriously.. freeze the market then open it back up in 6 months... simple as that.
Let the investors forbear on payments as well
Hell to the NO.
newave ride don’t those REIT servicers and investors have 3-6 mo of expenses saved like households are expected to? Do they need to take a financial literacy course? Did they spend all their reserves on tatoos, iphones and lattes?
Write off the debt. ALL OF IT. Otherwise kiss the dollar and economy goodbye. Party is over. Put it in bonds.
It's going to pop.
Not the real estste bubble.
No - the fake (asset-based) relationship bubble.
🤣
F217 The upcoming divorces will be amusing.
Hmmm when are houses is affordable again? 🤔
I own wpg man it's taking a beating
This is like going to the casino and betting a huge sum on roullette losing and the casino giving you the money back..
The current pandemic is making it harder for you to get approved for mortgages with a low credit score. Minimum credit score for a mortgage is not 580 anymore. In this episode of Dough Chaser TV, uncover the new minimum credit score requirements from most of the banking and non-banking finance companies that offer loans and raise your chances of approval.
th-cam.com/video/gKhepZHsgZ0/w-d-xo.html
It looks like Dominic Chu plays a lot of golf!
News channel, trying to short stocks
It's a lot of real estate that's going to be coming on the market at very very low prices, to bad I don't have any more cash ... wait a minute, I don't not need any cash ... someone is going to want to get out from their mortgage ...
why did the guy make a weird face hahahahah
How is that 401K doing Virgil? Nice job Trump. Winning!!!
This lady definitely lives in Westchester
A LITTLE concerned?
"Cascade' ( yeah it took a horn I got another one!)
Dominic wanted that second question lol next time he nice.
Short More Junk Bond 🔥🔥🔥🔥🔥🔥🔥
THANK GOD i didn't buy a house last year. I predict by the end of 2020 a 25%Drop in Home Prices! That means a $500,000 house will be selling for $375,000!! Yipie!
Nice prediction lol
mortgage reit meltdown... REEEEEE
Randolph& Mortimer. Margin Call boys. You know damn well .We don't have $389 million dollars .Put all of Duke and Duke's assets up for sale. Put their seat on the exchange up for sale. Mortimer we're ruined. You and your Nobel Peace Prize🤣😂
can't wait to hit all time highs in april pRiCed iN
4 🐻 -ance is coming!
housing crash when?
Soon
It’s time to throw away all of our federal reserve notes, stop paying our debts, and just trade in gold and silver
So reits have nothing to do with actual real estate ? XD
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