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WARNING: Everyone is Going Broke 

Real Estate Mindset
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WARNING: Everyone is Going Broke
Check out Jack's Channel Here: / @nobodyspecialfinance
ENROLL FREE: Value packed homebuyers course: real-estate-mi...
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's RU-vid channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, RU-vid, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.

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29 сен 2024

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Комментарии : 250   
@njp6343
@njp6343 5 месяцев назад
$500 + thousand dollars mortgage, $75 + thousand dollars for a Fvcking truck! no wonder going broke!
@CarlosHernandez-b1x
@CarlosHernandez-b1x 5 месяцев назад
You want champagne, but you could only really afford bud light. Having loans on a house and car at the same time is dumb
@nicholeperinger582
@nicholeperinger582 5 месяцев назад
One vital thing you are missing when you say that savings WENT UP in the 60s and 70s- that IS BECAUSE the government was being honest about what was happening or should so I say a bit more honest than what our government is saying now. People TRULY do not have ANY idea. Like you and I we take for granted this knowledge because we consume it on the daily, but the average joe, they know their groceries are going up but they have been taught and TRAINED to ignore alllllll the signs. Their intuition is pretty much dead on arrival. So if you are waiting for people to start saving, it's not gonna happen... until the government tells them to. Truly.
@joelballard4955
@joelballard4955 5 месяцев назад
The government employment needs to be cut by a minimum of 35%.
@EmilyGloeggler7984
@EmilyGloeggler7984 5 месяцев назад
Minimum 45%
@shanedavison7473
@shanedavison7473 5 месяцев назад
90 percent!
@DaveDDD
@DaveDDD 5 месяцев назад
Heck yes, I’ve been telling everyone that having clean drinking water is overrated. I’d rather die of water-borne diseases than see a billionaire pay a single cent more in taxes.
@danichicago9140
@danichicago9140 5 месяцев назад
You definitely need a scalpel not a hammer. Organized Building trades are some of the only revenue positive departments in most metro governments. Lumping seiu and teachers in with the Plumbers Electricians and Ironworkers is a costly slope.
@yorsan2240
@yorsan2240 5 месяцев назад
100%
@kmckee365
@kmckee365 5 месяцев назад
I remember back in my early 20s I couldn't find full time work aside from temp to hire positions. They always laid off before they had to provide benefits. That was back in 07-08 and it feels absolutely like deja vu.
@chuckchan4127
@chuckchan4127 5 месяцев назад
Everyone keeps saying there won't be a market correction for housing. But a unsold home is worth $0.00 Eventually demand will cool. I suspect this year or 2025 is when demand for homes will drop.
@shanedavison7473
@shanedavison7473 5 месяцев назад
I have been broke for 54 years. If you are born poor, and you live in an expensive state like New York you stay broke.
@legacyopp9318
@legacyopp9318 5 месяцев назад
What's your plan?
@RepuBlicOfChaD
@RepuBlicOfChaD 5 месяцев назад
Move and find a better job.
@wxieqdsiwevbks
@wxieqdsiwevbks 5 месяцев назад
​@@RepuBlicOfChaDdepending on the industry certain industries don't pay much even on a local or stare by state basis, like blue collar work. So yeah you can move as much as you want but big corp companies are cheap AF and don't pay LIVING WAGES. If anythin, they pay like 50 CENTS above the city or state's minimum wage so what's the point of moving?
@mikealeshire2195
@mikealeshire2195 5 месяцев назад
​@@wxieqdsiwevbksWhats the point of working a minimum wage job? Do you not have a skillset or a trade? Minimum wage jobs are for college and high school kids, not grown adults.
@mmingle57
@mmingle57 5 месяцев назад
Shan davison is 100%. Correct spot on about New York State! Living poor!! I had a trade skills and for many many yrs GOT LOWBALLED ON my WAGES! I’m living proof how born poor and living poor in New York State works!!
@Rick-gy8fz
@Rick-gy8fz 5 месяцев назад
When you control the debt, you control everything. This is the very essence of the banking industry to make us all, whether we be nations or individuals, slaves to debt.
@JasonAldeann-bt4xf
@JasonAldeann-bt4xf 5 месяцев назад
Yessir "the borrower is a SLAVE to the lender"
@TopVillain
@TopVillain 5 месяцев назад
People are living off the equity in their homes. Once that runs dry I expect all hell to break loose. I see people driving new cars 60-80k cars. Remodeling their homes and that money is drying up. And home prices are cost of living is extremely high right now.
@lukewarme9121
@lukewarme9121 5 месяцев назад
And taxes are extremely high only to get higher under Biden2024.
@lisasaunders4835
@lisasaunders4835 5 месяцев назад
People can't be going broke! Housing prices still keep going up, up, up! 2-3-4 times what they were! It simply cannot be! (Sarcasm)
@kevintewey1157
@kevintewey1157 5 месяцев назад
So are you willing to learn something besides the chaos of the free market? Yeah a people's government with a planned economy works and makes people 94% happy in one country
@toinengwyn3935
@toinengwyn3935 5 месяцев назад
@@kevintewey1157 What free market?
@kevintewey1157
@kevintewey1157 5 месяцев назад
@@toinengwyn3935 you really want to unleash the forces of production then why don't you have any production in your country nothing but financing
@toinengwyn3935
@toinengwyn3935 5 месяцев назад
@@kevintewey1157 Exactly. An economy based on financial engineering represents nothing of a free market.
@johnriley8713
@johnriley8713 5 месяцев назад
@@toinengwyn3935 Is it still a free market when Wall Street is always expecting the Fed to lower rates to 0? That has been the target since 2008. So much market manipulation, it's difficult to tell what's real anymore.
@christiannell2999
@christiannell2999 5 месяцев назад
Always love the combo episodes with nobody’s special finance
@realestatemindset
@realestatemindset 5 месяцев назад
Thank you. I really enjoy them also. I hope you find overwhelming value
@tigersamuels1579
@tigersamuels1579 5 месяцев назад
Yep! My favorite as well 😊
@bigbanknewyork3655
@bigbanknewyork3655 5 месяцев назад
200 Spirit Airlines pilots furloughed effective Sept 1.
@JasonAldeann-bt4xf
@JasonAldeann-bt4xf 5 месяцев назад
Theres 200 more mortgages under stress..
@fullclipaudio
@fullclipaudio 5 месяцев назад
That doesn't surprise me. Since 911, flying has become a nightmare that everyone seeks to avoid. I refuse to fly unless absolutely necessary. Spirit Airlines is the .99 Store of the airline industry and even it wont survive.
@bibibachmd9995
@bibibachmd9995 5 месяцев назад
@@fullclipaudio You are right! Flying is a nightmare.
@dystopia-usa
@dystopia-usa 5 месяцев назад
Working as intended, considering that our sell-out political duopoly have spent the last 44 years funneling almost all the generated wealth of this nation to the billionaire/millionaire class that owns them.
@carnivalgods4573
@carnivalgods4573 5 месяцев назад
Our school district alone is going to be trimming over 200 jobs after the school year due to the last stimulus payment coming due. I couldn't even speculate how many jobs that could be nation wide.
@caradelatorre7710
@caradelatorre7710 5 месяцев назад
there is also less kids.
@johnriley8713
@johnriley8713 5 месяцев назад
Restaurants...I'm almost never eating out, unless it's necessary quick/takeout. The prices have been training me to stay away. And when did tipping expectations go from 15% to 20%?
@TimesUp8888
@TimesUp8888 5 месяцев назад
It has always been 20%.
@eyeinsee
@eyeinsee 5 месяцев назад
And why do we have to tip when we pick up our own food?
@datruth4766
@datruth4766 5 месяцев назад
Bi-weekly I go to a super successful Canadian restaurant called Tim Hortons. I watched my meal go from $10.25 to $12.75 over the pandemic. This restaurant had a drive thru that spills out into the street heavily at every location. Now I drive straight to the window every time. If Canadians aren't going to Tim Hortons, something is ominously wrong!
@swervedriver5260
@swervedriver5260 5 месяцев назад
Was 15% until Covid
@lukewarme9121
@lukewarme9121 5 месяцев назад
Tipping use to be 10% and that’s only for good service. TIP = To Insure Promptness.
@anovino1992
@anovino1992 5 месяцев назад
Job are add, because people are having to get 3 job in order to make ends meet.
@colemanjr
@colemanjr 5 месяцев назад
We do HAVE to stop Government spending!
@The_Varza
@The_Varza 5 месяцев назад
There's parts of it I would stop, and parts of it I would increase... but nobody listens to me...
@dbrew2u
@dbrew2u 5 месяцев назад
Not everyone is Broke . In Florida $450,000.00 and Up Homes are popping up like weeds everywhere . And selling like freshly minted Gold Coins .
@markphillips9822
@markphillips9822 5 месяцев назад
Looking at my account it looks like I'm living pay check to pay check. But every Friday any money left over in my account is withdrawn for cash. And used to buy hard assets.
@022100bmlotus
@022100bmlotus 5 месяцев назад
A metric you guys need to look at, EBT card loading by Gov. In other words, Food stamps. Most fast food now is paid by debit card from Gov., Thus cash paying people are getting killed because they don't get Gov money for food. So, in CA the fast food and grocery bills are blowing up. Because they can. Personally, I am working much less in my trade, so I'm having to increase my prices just to stay alive.
@deborahlozano7134
@deborahlozano7134 5 месяцев назад
Yes, save your money.
@sues3218
@sues3218 5 месяцев назад
We are a nation addicted to credit. How about be patient and save until you have the money to purchase stuff. The amount of toys people get into debt over is ridiculous in this nation. Take some personal accountability over your finances and stop getting into debt up to your eyeballs. What people in this nation need is some self-control. That is the adult conversation we should be having. How many credit cards, and very large car payments do you have that is causing you to live paycheck to paycheck? Ponder. Maybe purchase a cheaper car and don't rack up your credit cards with stuff that you really don't need. How many of you have ATV payments, Camper payments, and boat payments? Clearly you can't afford it if you have to take out a loan. You got yourself into this hole. You didn't have to take out those loans. Just sayin'
@OhWell0
@OhWell0 5 месяцев назад
As I am paying my mortgage, I am setting funds aside for a car, a home reno, a surgical procedure. Yes, it will take me a year and a half to meet my goals, but if I used credit, it would take me even longer.
@raymond_sycamore
@raymond_sycamore 5 месяцев назад
Great content, Jack and Travis, thank you very much!
@realestatemindset
@realestatemindset 5 месяцев назад
Thank you brother! Hope you have a great evening
@2flight
@2flight 5 месяцев назад
Maybe people don't want to work full time anymore. Maybe they want to do a little work here and a little work there and have some fun now and then, knowing full well that their retirement and social security are going to be stolen from them by the 1 percent.
@toinengwyn3935
@toinengwyn3935 5 месяцев назад
Travis, keep dispelling the myth of the Subprime Mortgage Loan Crisis. Too many cheerleaders continue to push this fairy tale to rationalize that this time is different. BTW, Jack had a great video highlighting how a large existing MBS ETF was comprised of many sub-700 borrowers -- the very definition of subprime.
@rjnoiseux
@rjnoiseux 5 месяцев назад
They talk about the current jobs report but missed the obvious that the numbers are cooked. Most job reports get revised downward later. In some cases, significantly.
@katswan2569
@katswan2569 5 месяцев назад
Let your guests talk.
@GenerationX1984
@GenerationX1984 5 месяцев назад
Narcissistic hosts are annoying that way. They should know when to just shut up.
@Janet-e8z
@Janet-e8z 5 месяцев назад
😅
@legacyopp9318
@legacyopp9318 5 месяцев назад
Have some class. Your listeners that don't agree with you are not fools.
@Koushi82
@Koushi82 5 месяцев назад
Except landlords time to remove income taxes permanently and conduct land value taxes only. Georgism is correct. Also before 1913 there was no income taxes. Income tax payers subsidizing property landlords for the past 100 yrs with 0 benefit.
@kevintewey1157
@kevintewey1157 5 месяцев назад
Chinese had the Communist Revolution of social revolution in the last hundred years now they're bringing 800 million people out of poverty it's a 500 million a year industry to lie about them because people in the west are So Thirsty to hear that they're doing worse or genocidal when they are not in fact they're doing better
@kevintewey1157
@kevintewey1157 5 месяцев назад
Chinese leader Chairman Mao said housing should not be for speculation bought for a living
@lukewarme9121
@lukewarme9121 5 месяцев назад
Correction, a temporary income tax was imposed during the Civil War.
@caseyp3447
@caseyp3447 5 месяцев назад
key word temporary@@lukewarme9121
@wagyu_killer
@wagyu_killer 5 месяцев назад
never seen this kind of situation
@kevintewey1157
@kevintewey1157 5 месяцев назад
Karl Marx shot more than 200 years ago
@cynthiawhitaker4538
@cynthiawhitaker4538 5 месяцев назад
I cannot believe the home prices have not come down. The prices are outrageous and as you pointed out, so many people are paycheck to paycheck and in debt. When do you think prices will come down?
@kevintewey1157
@kevintewey1157 5 месяцев назад
Hopefully right after I sell my home are you interested?
@robm2245
@robm2245 5 месяцев назад
Never!
@avariefree9571
@avariefree9571 5 месяцев назад
After the Fraudulent Election
@Janet-e8z
@Janet-e8z 5 месяцев назад
@@kevintewey1157😊
@Janet-e8z
@Janet-e8z 5 месяцев назад
It won’t come down.. why would it be when groceries and all are increasing?
@edmundohernandez3780
@edmundohernandez3780 5 месяцев назад
Wow, that video was absolutely Bonkers!!!
@robertwalker5521
@robertwalker5521 5 месяцев назад
I don't know what "bonkers' means. Try using the style words an important person would use in a business letter.
@valentingarciaable
@valentingarciaable 5 месяцев назад
*******🔥******* travis, I'd like to listen to you but when you have a guest, I am telling you you need to ask a question a quick question and let them talk. Save a lot of that information that you have for when you don't have a guest because a lot of times they are talking and they may be able to say something that you're not saying to us... So we want to hear your guest speak more than you... Don't take this as an offense..... But let them talk because you interrupt these people all the time.
@shashneet
@shashneet 5 месяцев назад
Govt pays for bathroom Remodelling, buying cars, solar panels, migrants, Ukrainian war. Is there a single area where govt does not distribute the printed paper called money???? Not a wonder it will be like toil… paper if it is not already
@DogWater2011
@DogWater2011 5 месяцев назад
How many people living paycheck to paycheck are heavily involved in the housing market?
@junechang6915
@junechang6915 5 месяцев назад
Very good information.
@ontheroadfromnowtilyou
@ontheroadfromnowtilyou 5 месяцев назад
The only people being stimulated is Blackrock & Company right now, to enjoy low interest rates. They need to pay much more. Right now they pay so little that they cause mayhem.
@eli_ace_chicano
@eli_ace_chicano 5 месяцев назад
BROKE???????????????? we are not broke! we are in debt, thats worse. I wish I was broke with no debt lol.
@allencoffland1685
@allencoffland1685 5 месяцев назад
Ip used to be a financial reporter at the Washington Post...........no big surprise someone who has lived in D.C. for the past 20 years is not really attuned to what's going on in main street u.s.a.
@cherylcampbell7495
@cherylcampbell7495 5 месяцев назад
Travis watch Ryan haul y’all. Your weather in Texas is bad. Take care.
@Dimythios
@Dimythios 5 месяцев назад
1% of the population has 66% of all wealth in the US. If you remove the 1% of the medium income chart you get the average around 48 grand. This means 99% of the people in the US and then do the average medium income you get that 48 grand amount.
@CraftEccentricity
@CraftEccentricity 5 месяцев назад
The economy doesn't work like that. What do you do in 12 months when those who created the jobs have no money to create more jobs? The only solution is to totally downscale lifestyle and get back to nature, growing your own food, and just living the simple life.
@David-iy6gh
@David-iy6gh 5 месяцев назад
I work a part time to get my insurance through ups since I’m self employed and they just cut a lot of people.
@michaelnielsen873
@michaelnielsen873 5 месяцев назад
Everyone is just holding on, there trying not to loose what they gotten the last ten years. If you haven’t paid off everything and have your bills super low then items will be lost and sold. Once paying the minimum doesn’t work anymore then the Train will leave the tracks..
@cityboy__farmer
@cityboy__farmer 5 месяцев назад
The richest country with the highest standard of living in the history of the world. RU-vid Boomer Doomers “We’re all broke”
@AB-fq4mr
@AB-fq4mr 5 месяцев назад
Maybe that was true 5 years ago and earlier, but definitely not now. My cousins in Sweden got free healthcare, their kids got free childcare and college, they got down payment help for their townhome, and she just got a 7,000 subsidy to buy a car. She sits around all day looking at her nails and me here in the US working 80 hours a week like an idiot. Maybe it works great for asset owners and boomers, but it’s just slavery here for first time homeowners.
@lukewarme9121
@lukewarme9121 5 месяцев назад
You left out $35 Trillion in national federal debt. You living in a country that’s a house of cards.
@citydrums7525
@citydrums7525 5 месяцев назад
This is beyond bonkers and zonkers. It's fricken' WONKERS!
@scottpollan6364
@scottpollan6364 5 месяцев назад
Approaching that 100k subscribers!!!
@HAMBURGER-s1l
@HAMBURGER-s1l 5 месяцев назад
whoa...I think YT changed their layout....Comments are now on the right side. Great guest "Big Head". cheers.
@jorgemoro5476
@jorgemoro5476 5 месяцев назад
Not everyone brother. Some of us are doing JUST FINE and personally I’m already buying up distressed stocks, mutuals and other stuff. Since I already OWN theee homes free and clear my spouse won’t let me get any others. And no I don’t rent them out. I only let friends and relatives stay in them as long as they clean up.
@OhWell0
@OhWell0 5 месяцев назад
I'm making more money than I've ever made in my life. And I'm stacking it. Cash is king.
@PeggyHickson
@PeggyHickson 5 месяцев назад
Thanks guys. Love Real Estate Mindset and Nobody Special Finance. You speak truth and help us prepare as much as possible for the global reset.
@kevintewey1157
@kevintewey1157 5 месяцев назад
Chinese economy Trucking along just fine 5% predicted in the future as well and 30% savings for individuals
@nicholasmcvety9644
@nicholasmcvety9644 5 месяцев назад
70s were cheaper first second i am one of the most responsible saving patience waiting for over 20 years. you all try that. its time i deserve a house. yet i never had a chance to mive forward. oooohhhhh auto worker you already get a chance. you have no idea whats its like not gatting s chance. ill take your 80k and be rich auto worker. i could pay 200k home in a few years savings alone
@robm2245
@robm2245 5 месяцев назад
It is in fact, TOO LATE!, we are screwed!!!
@KingDanny9
@KingDanny9 5 месяцев назад
Yes, I'm so glad I don't have kids.
@monique28256
@monique28256 5 месяцев назад
Congrats on 10 years! 🎉
@lesliebeebe-o6e
@lesliebeebe-o6e 5 месяцев назад
Food prices up, fast food up bc govt giving it away yet so many seniors and U S born citizens cant buy expensive groceries or go to fast food
@CK-ie4hp
@CK-ie4hp 5 месяцев назад
Nominla gdp is up but real gdp is negative
@Bluebird590
@Bluebird590 5 месяцев назад
Especially floridians condo owners
@colemanjr
@colemanjr 5 месяцев назад
So I have a question, we have 11 Navy Carrier Groups with the next 2 countries which are allies with 4 a piece. Would it hurt us to cut 2 of these Groups and still keep our protection? It's in the Billions per year to support one of these Groups.
@bibibachmd9995
@bibibachmd9995 5 месяцев назад
The last thing we need are more government jobs. Need to cut them drastically.
@Maria___28
@Maria___28 5 месяцев назад
lol. Look at what they did to Trump in his attempt to drain the swamp.😂
@EmilyGloeggler7984
@EmilyGloeggler7984 5 месяцев назад
I no longer trust Jack from Nobody Special Finance anymore after I tried to correct some false data he was promoting in regards to trade jobs and minimalism, and he refused to make any corrections. You however are more reliable and factual than Jack.
@nneisler
@nneisler 5 месяцев назад
He knows everything
@bdek68
@bdek68 5 месяцев назад
What was the false data specifically?
@EmilyGloeggler7984
@EmilyGloeggler7984 5 месяцев назад
@@nneislerHe doesn’t.
@EmilyGloeggler7984
@EmilyGloeggler7984 5 месяцев назад
@@bdek68It was in regards to trade jobs and minimalism. As someone who did that, even when diligently applied for a long period, it not only didn’t work for me, but there are many other people coming forward exposing that those industries and practices don’t work. What did end up working for me was learning that you need to learn high value and high earning job skills, as well as self improvement, including seeking higher paying jobs that can survive a recession or depression - in my case, what worked was sales, marketing, e-commerce, as well as doing side hustles and learning that if riches do increase, don’t set your heart upon them. Lastly, avoid any jobs, including contract jobs, that involve T.R.A.P’s. Training Repayment Agreement Provisions, or “TRAPs,” are the latest way employers are using anti-worker contract provisions to trap workers into low-paying jobs with poor working conditions. It’s student debt, but from employers in the workplace instead of in schools. Deep in the pages of long employment contracts, employers slip in provisions that impose huge fees on workers for bogus on-the-job “trainings” if they try to leave before an arbitrarily determined date set by the employer. The training in question can range from pre-job required education to even basic orientation programs. If workers bound by a TRAP attempt to leave their job, employers can threaten them with sky-high interest rates on the “training” money owed, attorney fees, or collection fees.
@pnice494
@pnice494 5 месяцев назад
Nobody is great, daily market briefs
@realestatemindset
@realestatemindset 5 месяцев назад
Best daily lives in the business 💯
@stevenshorten6184
@stevenshorten6184 5 месяцев назад
Best podcast yet from Travis.
@prayonkreutz2398
@prayonkreutz2398 5 месяцев назад
If Everyone is Broke, Who in the Heck is Spending all the money - they're Jacking up interest rates dammit!
@10317
@10317 5 месяцев назад
Wages have gone up about 1.4% a year since the middle 90’s and have doubled since nineties. And it certainly rang true for me. I worked in the trades. Nothing fancy, but I was always able to make a living, I don’t agree with you and all of your negativity
@Pun81007
@Pun81007 5 месяцев назад
Everyone that is heavy in the stock market or has a 401k. Hates the deflation word. It’s the best thing for the majority of the people in the country. Our economy won’t come to a stop. You really think that companies will close and stop functioning. There’s still a demand. Things will be rough for a little but a lot of smart frugal people will come out on top.
@jesuscortez5841
@jesuscortez5841 5 месяцев назад
That’s why I still drive my ‘06 vehicle with 310k miles. Ain’t going to pay 50k for the same thing
@trylottie2372
@trylottie2372 5 месяцев назад
Me to had to put a motor but don’t want a car note. Also it’s a stick shift and a gas saver especially when fuel is on the rise.
@lukewarme9121
@lukewarme9121 5 месяцев назад
Mine is a ‘99 Suburban LS and I paid $40K for it new. Runs like a top.
@HrvojeVukosav-qv8uu
@HrvojeVukosav-qv8uu 5 месяцев назад
Majority of Americans are spending money as drunk lords and have extreme shopping habits. And they want to live in large million dolar homes so they have huge mortgages.
@nicholasmcvety9644
@nicholasmcvety9644 5 месяцев назад
gold will never go down. GOLD ALWAYS RISES. YOU HAVE GOLD. YOUR GARUNREED
@1powerequalsgod
@1powerequalsgod 5 месяцев назад
If we eliminate more part time jobs expect homelessness to skyrocket amongst young people. We should also see more neighborhood with tight parking congestion problems and higher crime rates.
@Steve.191
@Steve.191 5 месяцев назад
Newbie.
@carlos-ee6vv
@carlos-ee6vv 5 месяцев назад
Imagine a scenario where a robber enters your home, demanding all your possessions. Yet, amidst the tension, they offer a perspective: consider everything as already given, and realize that material possessions are transient. They suggest redirecting these possessions to aid the poor and others in need within the neighborhood.
@bpb5541
@bpb5541 5 месяцев назад
Folks are worth half of what they think they are. They don't know it, but they will.
@cherylcampbell7495
@cherylcampbell7495 5 месяцев назад
Phoenix is now unaffordable but in a 100 years it will be uninhabitable. Too darn hot😓😓
@christiannell2999
@christiannell2999 5 месяцев назад
Bonkers
@realestatemindset
@realestatemindset 5 месяцев назад
Absolutely BONKERS
@derekz8074
@derekz8074 5 месяцев назад
These economic condition are not sustainable. we are being crushed and weakened by the week.
@MultiRocknroll123
@MultiRocknroll123 5 месяцев назад
Housing market and personal finances go brrrrrr
@kevincheung436
@kevincheung436 5 месяцев назад
Everyone has becoming an economist..
@joeltaylor1209
@joeltaylor1209 5 месяцев назад
Those restaurant numbers are something I haven't seen. Pretty eye-opening but not surprising.
@cobrabtc
@cobrabtc 5 месяцев назад
Wish SSA and SSDI was non-taxable
@taratong9074
@taratong9074 5 месяцев назад
Great video
@evegreenification
@evegreenification 5 месяцев назад
That “blood in the streets “ rant was gold
@franciscomcmxc1052
@franciscomcmxc1052 5 месяцев назад
yo
@realestatemindset
@realestatemindset 5 месяцев назад
Good evening sir
@franciscomcmxc1052
@franciscomcmxc1052 5 месяцев назад
Thank you for all the work you do, we would be screwed without youtubers like you@@realestatemindset
@irfaankalamadeen9823
@irfaankalamadeen9823 5 месяцев назад
going? lol
@mciti2594
@mciti2594 5 месяцев назад
Over time more banks seem to be classified as “too big to fail” and the govt. doesn’t let them go out of bus. when they should for some. We should be thankful the FDIC guarantees deposits up to $250K. In some small Latam countries, deposits insurance is only $32K USD per person; not even per acct.
@nicholasmcvety9644
@nicholasmcvety9644 5 месяцев назад
but all you engineers ect that stopped working AT LEAST YOU HAD A CHANCE. ohhh boor. you had 100k. waaaa. try being older people who never had a chance
@privateprivate4882
@privateprivate4882 5 месяцев назад
I remember that during the GFC home prices inflated and everyone was getting purchase money Helocs and that certainly contributed to the high foreclosures ..along with the banking collapse and job losses that followed. Investors were destroyed and that was before Airbnb started. The market right now is more volatile than during the GFC as the rates and inflated prices are higher than income and there was no lack of inventory back then. This market correction will be much worse as the negative equity is going to be the undoing ..appraisals are already struggling to find comps to support these over inflated prices. It’s going to be allot more “jingle keys” in the mail this time around 😂
@lukewarme9121
@lukewarme9121 5 месяцев назад
Bidenomics is real.
@mgiannuzzi
@mgiannuzzi 5 месяцев назад
If you invested $500,000.00 in Nivida in 2000 you would have $80 Million Today.....Future Value of Money GOD AI
@healer81
@healer81 5 месяцев назад
All that is important is the wealthy get wealthier. They will keep things expensive for as long as they want. All the data means little because the people that come up with the rules don't focus on that. They just focus on how they can come up on top.
@ciscoguru69
@ciscoguru69 5 месяцев назад
Yikes!! S&P RE sector down 5%. And some banks not looking all that great either...
@eemer2437
@eemer2437 5 месяцев назад
Great info Gentlemen. What I’ve realized is for anything to change, the psychology of the consumer and homebuyer has to change. There is not near enough pain yet. Job losses at a much greater scale will do this.
@mariusbuciuman307
@mariusbuciuman307 5 месяцев назад
You know what Travis? You getting the time of Jack’s stream WRONG is what made me remember the time actually( the joke that you get it wrong made it memorable) so maybe you should continue to get it wrong every time thus making it more memorable. Pick 9pm East Asia time next 😉
@eyeinsee
@eyeinsee 5 месяцев назад
Guest suggestion: check out Ashley Pickens shes a foreclosure auctioneer and gives a very interesting perspective.
@CharlesWangLA
@CharlesWangLA 5 месяцев назад
Are these "good" jobs being lost such as middle managers, software engineers tied to inflation and interest rates? It seems more like the byproduct of AI, overhiring from WFH etc.
@swlancaster1964
@swlancaster1964 5 месяцев назад
Here in NC I see lots of new vehicles and hundreds of new homes 400k up. Seems all is well here???
@sheraspencer
@sheraspencer 5 месяцев назад
Absolutely bonkers!
@colinbriess4054
@colinbriess4054 5 месяцев назад
And as well, some gig accounts are activated by one person and used by a person illegally in the country.
@Iheather93
@Iheather93 5 месяцев назад
Good one gentlemen!
@nicholasmcvety9644
@nicholasmcvety9644 5 месяцев назад
PEOPLE HAVE MONEY. you need such a reality check. people are not broke. Yeah thats why homes listed are GONE NEXT DAY CASH. Yes they are making more money!!!!!. everyday i see listing gone again and again cash. yet those of us that deserve one for once in our life that has cash dont get a chance. americans can save. than why cant some dont a chance while homes dissapearing everyday?
@OhWell0
@OhWell0 5 месяцев назад
That doesn't sound like a person paying cash, it sounds like a corporation buying those listings.
@Firehorse39
@Firehorse39 5 месяцев назад
Where’s Midnight?
@timc1354
@timc1354 5 месяцев назад
solid analysis and insight from you fellas as always. people aren't keeping up with paying down principal owed money. how long till interest only mortgages again?
@johnnyfarran3387
@johnnyfarran3387 5 месяцев назад
I started saving money in the year.Nineteen ninety five and I have been saving ever since and now i'm at a point where I don't have to worry about money anymore!!!!!
@jackjohnson9449
@jackjohnson9449 5 месяцев назад
Great info, if we've lost 1,300,000 jobs then we're in a recession now.
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