The Finale: 2022 Housing Crash Will Be The Reset of A Generation
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Summary: In this video, I will talk about the U.S. Real Estate Housing Crash and how this event will be a major reset for anyone who is ready to capitalize on this moment to finally become a landlord and accumulate wealth after all is said and done.
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0:00 - The Situation
15:26- The Truth about the U.S. Consumer
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Related Tags: 2022 Housing Market, 2022 Housing Crash, 2022 Real Estate Market
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Isn't housing slower than that to crash? Like after the 08 crisis, some of the best purchases were in '11 and '12, right?
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential May rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?
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I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
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Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit, you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
@@emmaarmando My partner’s been considering going the same route, could you share more info please on the advisor that guides you.
CAMILLE ALICIA GARCIA, maintains an online presence. Just make a simple search for her name online.
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 resume.
Lived in Massachusetts for 25 years and could not be happier than to have left and live here in california. California is the place to be the weather is perfect with so much to do and so many beaches!
Friendly graphic design tip: your negative equity home value map should go from Very High: Dark Red to Low: Dark Blue. Always do the gradient by color (Dark Red, light red, light blue, Dark blue), not the way you have it (Dark Red, Dark Blue, Light blue, Light Red). This will make a chart like that much more legible to the average person.
As someone who owns a small business in General Construction, I would disagree about the Seattle area, being great and not having negative equity in our housing market. Homes are WAY overvalued here. It’s laughable. Homes with NO updates since the 70’s and needing work are way over $650,000 here. I am already seeing price cuts and homes staying empty not being snatched up like a year ago. I agree with your video however overall. Yet, despite our high-tech area, it’s not close to reality and wanted to clarify.😉
Thanks for letting me know. You have eyes on the ground so that primary data is priceless compared to the macro data I have to look at. 🤗
@@LarryCheungCFA i'd rather purchase a house in another country for less than 80,000k than whatever scam the housing market the US has to offer
Doesn't mean it's going to crash in Seattle.
For Instance, a home selling in Mill Creek, a well known "bed-city" for microsoft, amazon, and google employees is hyper inflated. homes with minimal updates built in 70's-80's were sold at reasonable prices in 2014 for around 240K with average 3 bed 2.5 bath .14 acre lot. Now, those homes are sitting on market for 825K and on average more. x4 in a matter of eight years is a joke.
Home prices in Washington are HYPER inflated and have been holding off on buying another home since 2018 when I thought I was purchasing at peak back then.
I don't expect anyone to be able to afford an average home in the Greater Seattle region. The inventory is becoming tighter as sellers are realizing their homes will not sell anywhere close to the margins they originally expected just 4 months ago.
With everyone moving SouthWest, Mid-West, and South all these West Cost and East Coast homes are going to be in for a hard reality check that millenials aren't willing to sacrifice their retirement and life for a "home" and would rather relocate to somewhere they have a chance at living and retiring.
Good job boomers.
I lived in Seattle 25 years.
I left 4 years ago when rent skyrocketed
Sold my house at that time immediately for full price This has been happening for years - zoom to present time
I completely agree with you
THANK YOU FOR YOUR HONESTY❤️
It was great to get some information regarding Massachusetts. Most of what I encountered talks about FL, AR, CA etc.
Thank you so much for your time and information, housing market either slow down or crash but all your insights helps to prepare for finding good opportunity to buy a home.
Top stuff Larry, thanks as always.
Thanks Chris!
This video is so well made, kudos to you!!!
Solid. Loved the advice at the end.
Awesome! Thank you for digging through the CSHPI methodology. Subbed.
Best episode so far! Cheers man
Thank you for your researched and intormative report. Well done and challenging to think of.
Who at Wal-mart do you know are buying a home at $15 an hour. There lay off has nothing to do with the house martket
Agreed, those who suffer the most in the economic down turns also suffer when the economy does well. Low wage workers will always get the short end of the stick and have nothing to do with the current home buying market.
As always, very insightful! TY Larry
Great to see you as always :)
@@LarryCheungCFAthank you. I will join your community on Patreon soon. Amazing work Larry. You are treating us with the best analysis out there. This will help us to grow and become independent investors in no time. Worth mentioning, all analysis are cleverly blended with meaning comparison and introductory note. Great writing Larry!
Enjoyed that. Thank,you !
Here’s that crash that never happened
Housing crash for rural houses but not major cities as that's where all the jobs are.
Absolutely brilliant analysis! This is why this gentleman is rich! Thank you for passing on your wisdom!
Thank you Master Cheung
Excellent video----Thank you!
A chart of negative equity, formatted incorrectly, without a source cited, and a tech job reference from a fuckin decade ago doesn't inspire much confidence my dude. Big CFA level 1 on the third try energy
Great work as usual Larry.
Thank you Andre!
Just found your channel... subscribed!
Here in Riverside county california, prices have dropped a little bit. But my house more than doubled in price, so a few percentages still make houses in my area very high. Also the rents continue to go up here in southern california. Thanks to the Democrats letting it hundreds of thousands of illegals and ruining our country, prices are so high and rentals are extreme. Seriously extreme.
with the jobs report coming in much stronger than expected yesterday, it's a clear sign that the fed is nowhere near done with their rate hikes. powell openly said we're going to need a lot more unemployed people to get this under control.
They'll just normalize people working and being homeless, like they'll normalize Gen Z working full time and selling blood plasma on the side just to be living in cars.
The fed will crash the system. It's the only way to reset the system to digital currency.
I enjoy driving to the office on Thursday’s because I know Larry Cheung just published another amazing video. Keep up the great work.
Thanks so much Charles 🙌
@@LarryCheungCFA Student loan collections will start up again unless Biden puts another deferral in place. Please talk about how this will change things if they do go into effect.
Never dissapoint
Mad respect for you getting cfa 👏 🙌
Ty Simon!
When did he get his CFA?
Just found you. This is great Larry thanks!!
Thank you Rowan ✌️
Assuming if this does crash like I hope, blackrock is already ready with another chunk of money to swoop a lot of it up.
Blackrock is funded/ more in debt by the banks. If they buy these properties they would have to get people to either rent them or if they buy farmland, get people to work on the farm for pennys on the dollar.
In other words it wouldn't be a good investment for them. People wouldn't be able much less willing to pay the rent.
If blackrock decided to simply sit on the property it would eventually lead to revolution. So in the end while they may buy up some homes, most people are buying to create cash flow. Which we are headed into a situation where cash flow will be very limited and ultimately unprofitable at these higher prices.
Not many homes for sale or for rent here in Riverside county.
Love your videos!
Thank you 😊
Ugh. September and October before an election or mid-term election is almost always a volatile stock market. Especially when the signs point to a major party swing, which they do. That's not a genius deduction. It's just market fear about the future. @14:37 - rent isn't paid by disposable income. I know renters might think the government will always bail them out like they did during covid, but that's a silly mentality.
So much for your prediction on a housing crash. lol
I will love to hear your take in Las Vegas
People are forgetting that this time we have social media. So we have never been so connected before.
All the other crashes were slow motion crashes because we had to wait until the tv news or Papers said that they had been a bust.
Awesome analysis, I really got a lot out of the breakdowns of different credit scores, and how that will impact mortgage payments. I do hope for a massive real estate crash to occur in the next 18 months as I want to be a home owner very badly. But current prices make no sense
That’s the problem, everyone wants to “be a home owners very badly”
@@ReeLSpirit why is it a problem? most of every living thing on this planet wants to have a roof over their heads and feel comfortable and safe. Having a house for a human should not be a luxury as it is now, if we work and put a little effort all those who wish to have a house should have it.
The crash wont make anything affordable for the middle class. The rich will simply buy up the cheaper real estate when the crash happens.
Patience pays don’t rush! The fed is taking $150 billion out of the mortgage market per month, they started in June 2022 house prices will be going lower for at least 3 years, maybe longer.
I hope you’re right because I’ve been trying to find a home with a decent neighborhood for my kid for a long time. But, I think the Fed may pivot by next summer because the US is in too much debt and the government won’t be able to pay off the debt if we have a recession.
I’m in MA too, and yes, both rents and housing prices are ridiculous.
Thanks for sharing your insights Larry. I'm curious what your take is on the USD vs Rmb strength in the coming months?
Although I'm not Larry - with Xi Jinping's third term incoming and big stimulus ongoing, I guess it won't lose out on the dollar
@@abcxyz123 thanks for your reply. It's been interesting to see how much the rmb weakened in March when key cities like Shanghai were put into lockdown. Was wondering if the RMB would rebound or not. There is also a banking/mortgage crisis going on in China right now, so feels like things are still a bit volatile.
Larry, thanks for your detailed insight as always. I'd love to hear your thoughts on the recent uncertainty with Chinese stocks, i.e. possible delistings and tensions with Taiwan and the US. I just doubled down on my Alibaba position in my high risk portfolio. I hope you'll talk about this in your next video.
Thanks Ian! I’m talking about this topic extensively inside our Community if you’re interested in seeing my analysis. I haven’t decided next public video topic yet so time sensitive strategy should be viewed inside our community
It starts with Nvidia GPU ban to China, hitting their AI in its comp
AMAZING ANALYSIS!!!
Wow! Incredible!
Just a question for later reference, nobody does this but would you please mention the date of recording in the video
CASE Schiller doesn't show the housing market being strong; it shows the housing market to be in a bubble, as the real price of houses is WAY above its historic index value of 100.
No one should be buying houses right now, if they are looking at personal finances. Your ultimate conclusions is spot on... it's time to get ready to buy things on discount. Frankly, this has been the case for the past 2 years.
The reason why houses are inflated because corporate are getting into the game. So I don't know how far it would drop because corporate would snap them up.
If the fed crash the system, corporations can pick them up for cheaper.
I have a heloc on a rental. I am cash poor. Should I pull all my heloc if things go south they can freeze my line.. I've heard this not sure if they will. Would you say pull all that cash then just hold and make payments with it?
Many thanks for that valuable information. My guts were right. 😁 Greetings from Germany.
You know why the media isn't talking about it
Great real estate market update! Please keep them coming. I would be careful to put too much faith into Powell and The FED. Jay “Transitory” Powell likes to talk tuff, bluff, lie, but actually does very little. Where is the QT and MBS sales?…wait for it…🦗
What about the migration that’s coming from issue with lake mead
4:05 There are 4 times as many homes on the market now than there were in January and NOBODY is buying now, so there's an OVERSUPPLY of homes. The reason that homes haven't fallen significantly yet is because sellers aren't ready to take a haircut. Few of the homes are distressed.
Thanks for this great research and analysis, Larry. Should we be thinking about selling stocks and mutual funds? Would it be better to have cash and wait for the market to crash?
I did that for my family. We are betting on deflation and during those times it is best to have cash. We are young so I cashed out our non retirement account investments and have them sitting on the sidelines. I can't see enough tailwinds for the market compared to all the headwinds.
@@randomname2366 but banks can do bail in so cash is not exactly safe
@@seerguru6896 FDIC Insurance or you can literally go for the actual cash out. I'm not worried about bank failure after studying the banking system. The issue is no liquidity, it's safe and secure collateral that is the issue with the market.
my house is an easy walk to a state university, a quick bike ride to the beach, 1 mile drive to 2 major southern California freeways. a short drive to the largest port in the US. not prime real estate if the nukes drop but I'm just fine with my 2.65% mortgage.any new housing construction will have to happen a 3 hour drive away!
Can you provide a prediction as to when is the right opportunity people should buy a house at a big discount considering they can still continue renting for now -- 6 months, 12 months, 18 months or 24 months from Summer 2022?
Thanks. New subscriber.
I think the answer is in the pinned post, Ronald. I think we are 12 months out. It’s gonna be a tough haul until then. Good luck!
I think we are in the "disbelief" stage....the volume of homes coming on to market in my area is increasing RAPIDLY, semi-rural and urban city areas (across from Portland, OR) in WA state. I figured top was in when I started seeing the most dilapidated homes come onto the market, (this happened right b4 the last bust- the GFC) I'm seeing literal 1,300 sq ft 1960's or older, no updates come onto the market at $420,000 to just under $500,000. Value of my home has tripled since 2003...not sustainable. Over the past 2 yrs I've seen gains of over 20% after already rising 10% previously YOY. Hubby and I are waiting for a few more years...we will not pay these prices. The low housing inventory issue is almost over, imo... those who migrated did so over the past two years...things will stabilize and then prices will crater. I think this time will be faster than in previous crashes. I've seen price cuts of 5% on some homes, mostly the million dollar ones...nothing is stable right now. Once layoffs happen (and they will) the inventory will surge beyond 6 months supply. Yes, all speculation, but this is what I am seeing locally. Macro, it is going to get bad and fast. THE ONLY thing that may hold this market up is IF the fed pivots hard, and I don't think they can...not with inflation raging. And now we have a new mega spending package in the US coming, no way that won't cause MORE inflation.... I'm just some average Jane, but this is my point of view. :) I think people capitulated when they heard rates were going up and into the rate increases....oh yeah, one other thing, I'm seeing some seller concessions AND home builder incentives, they don't do that in a RAGING hot market....
If you have to sell to buy then there’s no point waiting
You are a critical thinker. You just have a new subscriber.
Great video, but you are missing one important thing: WHY is the inventory so short of supply? Go check out the chart of new housing starts and you'll see that after the 08-09 bubble we have seen a CRIMINALLY low number of new housing starts in this country. And the housing that we HAVE gotten have not been entry-level houses (because there is no meat on the bone for developers on the low end of the market).
So we have millennials in prime earning years who put off buying homes until relatively recently, plus gen z also coming into prime earning years, plus a criminal undersupply of new housing starts for more than a decade, and it is no wonder that the housing shortage is persisting. I'm not saying you are wrong, but there is another side to the issue.
Also, it makes sense that ARM mortgages rise in the summer of 2022, because rates are rising. You already mentioned that the Fed is signaling that they are anticipating to slower rate increases. Also ARM are different than they were in 2008. Fraud protection is significantly better, and current ARMs come with quite large, multi year grace periods before ARM rates can be increased.
seems like you completely left out the WHY.
Because our builders who frame are in their 50’s and the 20-30-40 yr olds don’t take frame jobs.
It’s a major shift in what people do
The fed is taking $150 billion out of the mortgage market per month, they started in June 2022 house prices will be going lower for at least 3 years, maybe longer.
PS: Re your mention of demographics…the real strength from demographics, won’t be felt for 7 years, in the meantime its a headwind (or tailwind if you are looking for prices coming down)
Thank you Larry for your sharing! I am relatively new to investing. I have bought stocks like AMZN and AAPL when they dipped and now am seeing the profits. Does this mean that I should sell them sometime this month to capitalise on the profits and reinvest when the market dips again?
Thank you! 🙌 I do discuss these names inside my community if you ever want to join us. I can’t comment on strategic levels in public.
The fed is taking $150 billion out of the mortgage market per month, they started in June 2022 house prices will be going lower for at least 3 years, maybe longer.
Timing the market rarely works in the end
Can’t time the exact bottom. but it’s much easier to recognize the peak of an artificially created demand bubble.
Free money at near 0% interest and stimulus check down payments are done.
Everyone (in nearly every market) who paid list price or over appraisal in the last 6 months is already negative in equity. This doesn’t figure in people who waived inspections and found big-dollar repairs were needed.
The next buyer will undoubtedly take buyer credit for that and the price will be lower than recently paid…. Ouch 🤕
You rock. Thanks a ton for this video. Very timely as I was about to invest in REIT. Better wait and do deeper diligence. How do you see the real estate situation in other geographies outside the US? What's the deal with south-east Asia and Japan and Europe? How would the US market affect other markets?
I agree, 100%
What tapable equity? People a year ago were paying $50-100k over asking and more to get a property. Down payments on average are the lowest ever. Down to below 16%
The other 99% of people. They matter too.
Anybody using a Apple device saying rent is too expensive --take them seriously.
why i couldnt find your name in cfa's member directory?
Because you have to search Lawrence Cheung, CFA
Are you more interested in learning about my credentials, or about the video topic to educate yourself?
@@LarryCheungCFA
Hes more interested in shrimp fried rice. 😂
Thank you for the great content and the positivity.👊🏽
How does one with no experience in stocks begin to get educated..so that I can buy with some confidence when the discounts appear.
There is never "confidence" when "discounts" appear. Always doubt that it could go lower ( and it could).
Having said that, start with accounting to understand income statement & balance sheet.
I know you don't have much time but I would love to hear your thoughts on $AMBP. Small cap for sure but worth a look.
Government spending is massive debt too.
This is a good analysis -- but you're missing one major variable; foreign buyers.
As ominous as the signals in the USA may seem, financial indicators in Europe and Asia are much, much scarier. And I'm sure you know this, but when domestic markets start collapsing, smart money always tries to flee to somewhere it'll be more productive.
It is entirely possible (but not guaranteed) that:
1. While the US goes through a crash, the rest of the world may experience something far worse
2. In a cascade of worldwide economic collapses, the USA may be the safest haven for capital flight (smart money leaving risky domestic markets to less risky foreign ones)
3. US real estate will become one of the "safest" havens for money
4. Foreign buyers flood the market with demand, keeping US home prices from crashing too far
Again -- this isn't necessarily a prediction. There are lots of things that can happen to prevent this (Europe and Asia recovering quickly, USA passing harsher laws and higher taxes on foreign buyers, etc.). But it's an important variable that should be factored into your analysis.
This is a very valuable source of info - thanks for sharing this with me Vlad. Appreciate you and our Community.
Here is a good video explaining your thesis: th-cam.com/video/NnsqBbymayQ/w-d-xo.html
And I am looking at properties in Europe due to the collapse of the Euro and strength of the USD.
most foreign buyers were Chinese business men trying to get their money out of the county, they are having bank runs now, so don't expect that to continue for long.
What do you think of Cape Cod Real Estate. Highest concentration of non primary homes (by county) in the country. How do you think this plays out?
Larry love the "get rid of your high maintenance g/f and b/f" ... Your $20/mo investment research is an amazing value and is really helping in guiding my investments. Thank you for all of your work.
Todd, the pleasure is mine, and I’m glad I’m able to help you and our community! 🙏
This is a fake / paid comment
Haha, "Support the FED, fire your high maintenance gf/bf to help increase the number of job-seekers" ;-)
Full screen bro
still not seeing a crash, there has been price decrease of 5-10 % in California , and that's pretty much it, With stock market and tech stocks doing so good, I dont see it going down.
Housing is not like stocks. It could take a few years to completely bottom out. We're still in the early stages of this reset.
I think you have a reasonable hypothesis however I don’t see a crash namely due to the fact home owners are actually residing in their homes and aren’t heavy investors.
Our neighbors to the north however have an incredible amount of investors and you are seeing the correction happening much faster there.
There were tons of investors buying US real estate for the past two years. There were also tons of people buying second homes.
@@kimferzoco6755 tons? That’s how many? 10? 20?
Where did you hear about these tons? Is it quantifiable? Where are they? US has far far better reporting rules. So if what you say is true it should be easily findable.
where is the reset????
2022 almost over when is going to crash?
Larry this quality of content is a cut above the TH-cam norm...
larry,
i think the fed truly is the wildcard here. rates need to get to 4-5% to get inflation under control. the big problem is the debt crisis it will cause in servicing our massive debt. Our politicians have proven time and time again they are not able to stop spending like drunken sailors so it would seem inflation is the only way to keep pace with the debt. understanding that means the feds job is nearly impossible. they will have to pivot at some point and it may be before they get inflation down to 2%. I dont think it changes what you are saying here about opportunity in the next 12-18 months but at some point it will bring the federal debt crisis front and center and probably people start piling into crypto(which i would never hold long term) and precious metals. there is a lot going on here. im a professional in the medical field and I'm becoming quite burnt out and have been finding investment economics very interesting and actually fun in a weird way. so i always appreciate different intellegent opinions. especially someone with a finger on the pulse of the asian markets. interested to see how the chinese real estate market that has been building giant high rise condos that for some reason never get completed will get sorted out....and how it will affect the rest of the world markets. Maybe a Taiwan invasion for cover? i hope not
Sales went down but not price. Supply is low so it won’t crash. Demand still high with shortage of housing. It’s pointless to predict the housing market
Prices went down… you’re recent comment didn’t age well 😂
Supply is through the roof. We’re oversupplied relative to demand… that’s why price cuts are booooooming!!!
@@JC-cf4rs not where I’m at. In the Midwest. Price still going up and supplies are low.
@@xiucheb4201 what area are you talking about? I have a feeling you’re not looking at data beyond your neighborhood, and you may not being interpreting correctly.
@@JC-cf4rs Chicago and New York.
@@xiucheb4201 that’s two cities.. New York is not the Midwest 😂
Expand your analysis of the market buddy… you’ll get a better picture of what’s going on.
We had a 2 % drop in median sale prices last month. The largest single month decline in the 08 crash was 1.2% …. You can keep your head in the sand if you want, or you can start looking at median sale prices in more than just Chicago… here are some 60 day % moves in a variety of areas for you..
NATIONALLY: New homes down 13%!!! All homes down 4%
Dallas -5.8
Austin -8.32
Houston -3.8
Raleigh -2.6
Tacoma -2.5
Denver -4
Seattle -6.4
San Fran -8.3 (-4 from last year)
Now go find the rest yourself
What was the harshest and most truthful advice you've ever received, how did you respond, and what did you do about it?
why would people sell? to go rent when rent rates have skyrocketed? Sounds like people are just stuck in place, so ya crash in transactions but price... idk
Agreed
Yeah, my mortgage is cheaper than renting. And renting will continue to go up
@@ReeLSpirit same we were able to get 3x the sqft for $100 less than renting.
@@RH-lg9uc yes, I think in 2008, renting was cheaper than owning. So people started to do strategic defaults. And just rented instead. I don’t see that happening now
@@ReeLSpirit agreed
Great video but I do disagree. Debt structures are nothing like they were on 08, Wallstreet is flush with cash. They can double or triple that cash by going to a big 5 bank saying... we want to do these at a 50 percent t ltv. Then rent them out and literally print returns on their cash. Risk adjusted single family homes Wallstreet loves.
Спасибо большое 💞
Become an opportunity? Most people will loose their jobs. Yeah if you still have a job during the recession
Go Quebec
The dollar had an average inflation rate of 2.55% per year between 1990 and today, producing a cumulative price increase of 123.64%. This means that today's prices are 2.24 times higher than average prices since 1990, according to the Bureau of Labor Statistics consumer price index.
According to the U.S. Bureau of Labor Statistics, prices for housing are 128.49% higher in 2022 versus 1990
Essentially Housing has followed inflation on AVERAGE. There could be significant differences in various local markets.
I love this guy voice
Real estate doesn't rise of fall with income levels it rises and Falls because of supply and demand so Boston has a high demand low Supply just like Long Island where I'm from
Lots of biotech startups in the Boston area. If those start to lay off there could be lower demand. We have seen a massive crash in the biotech sector over the past year, so it could soon happen that those companies start to run out of money and get problems to raise more cash.
Upvote if you've ever filled a turkey with helium and let it float around the room
will be a while before it hits bottom. If WAY over inflated
Wish you would have addressed the low supply in housing now. Why isn’t that a factor?
I did talk about how low supply is keeping prices elevated. Low inventory is a strong pillar holding up U.S. Housing
@@LarryCheungCFA Well, the theory that prices cannot fall drastically while low inventory exists has held up for sixty plus years. You are saying this theory will falter?
What evidence is there that supply will start to increase? I disagree. 1. New home construction is still incredibly sluggish. 2. Demand is still very high. 3. A consequence of COVID, more people are working remote than ever before so they don’t have to move across the country to work at their dream job, ergo not putting their homes on the market.
@@dannyperez1604 We will have increase unemployment, which cause increase supply. Covid moratorium is over, supply will increase.
@@khanhcao3123 still waiting for this increasing unemployment they’ve been saying was coming for months. 👀
The US debt is 20 trillion, and the government collects 4 trillion. Imagine if the interest rate is 10%, the government cannot afford to do that. I am convinced the Fed will keep the interest low and print money to inflate the debt away.
30 trillion
@@holycrapitsjake_ Yes. That means high interest rate is impossible
@@zhinan888 Yes. But if they don’t do high interest rates, then inflation will probably only get out of control. Politicians really screwed this up.
@@holycrapitsjake_ Every empires made the same choice: instead of austerity they choose to continue to print money and eventually losing the reserve currency status. The Dutch Empire, The British Empire, and now the American empire
And only youtubers will survive.
Hey larry , i love what youre doing i want to learn doing investment researches like you .. how?
Thank you! I teach my methodology inside my community if you’re interested in joining us
Guess not
NAIL is one of my long term buys that I recently entered. Not big money but will add about $1000/ month into it. No problem if it drops because loss at the moment will be small and I’ll be averaging all along the way.
Very good to have a plan Chak!
I began investing in real estates and I’ve made enough profits in a short period of time to buy rental units and parking lots, and I’m still invested in REITs and my real estates property which brings in approx $400k
No crash