Warren's son Howard was sheriff didn't have requirements to be a cop tell me Warren' didn't know hi's son was a sheriff and didn't have requirements to be a cop these elites are fraud.
You left out the best part. What happens after the crash? When small banks struggle and the economy crashes, the trillion-dollar banks will be the ones buying everything at low low prices and consolidate even more wealth. This is exactly what happened in 2007-08. While everyone else got wiped out, the gazillionaires used their access to capital and zero interest rates to buy everything. This is exactly why the wealth gap has become so dramatic over the last decade or so.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
For the average individual, the tactics are rather demanding. Actually, most of them are effectively completed by professionals who possess the necessary knowledge and skill sets to carry out such trades.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k.
@@LenaSchweizer-ff8xy One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.
It's really comes down to common sense and Basic Math. With interest rates rising faster than what people earn ofc a crash is enivatable, hedge funds are buying up realistate, but one most people can't afford the rent, then the bigger you are the harder you fall , yeah a storm is coming, the likes of what we have not seen since 1929.
They couldn't, any more than a town can outlaw black people from owning homes there. I've also never seen a home that is or has been owned by a corporation, so I'm not sure what you're going on about.
I wonder if i have money in a small bank that collapses, and the FDIC comes to the rescue, will they give me my money in traditional money or will it be in the new CBDC digital currency?
One thing I think you might have overlooked is the year over year property value will increase, which to my understanding is around 4%. So I would add that as well
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
These two have completely forgotten what it feels like starting out on life. They are responsible for these happenings between real estate and banking. They are creating it and doing it on purpose. Devils in sheeps clothing.
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
It will, if anything, worsen. Affordable homes won't be available for much longer. Therefore, I will advise everybody who wants to do anything to do it right now because tomorrow's prices will look lower than they did today. I believe that frenzy brought on by rogue inflation will continue until the Fed tightens its controls much further. It is impossible to tear off the bandage halfway.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
In the event that you are unfamiliar with the market, I advise obtaining expert guidance. The best way to start building a well-structured portfolio is to work with a professional who understands the volatile yet lucrative industry.
A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license a and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.
I'm been guided by “Vivian Carol Gioia” who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
@@mikeroper353 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
They need to BUILD houses for people on SOCIAL SECURITY. Low income and MIDDLE CLASS people. Make having a house AFFORDABLE. Right now it's Not for the average person. RENT IS WAY TO HIGH FOR APARTMENTS.
ya... this is exactly what should happen to make everyone happy. However it wont happen. They are set on a course to eliminate the middle class. We are the next homeless in the upcoming future.
All they build now is luxury homes there's plenty of homes for rich people and upper-middle-class nothing for the middle class and below the upper-class own all the smaller homes for rentals and airbnb
Also it didn't help when Biden triple the cost of building materials so now it cost three times more to build the same house we could have built in 2019
Yes and it makes me sick. I purchased my home in 2004 for 206,000 dollars. Its now supposedly worth 350,000. I owe 100,000 on the mortgage. So even if I sold my home for 350,000 netting 200k with money saved id have around 400,000 for a house. However in order to get a house that is equivalent to the one I have. I have to take out a mortgage for 100 or 150,000. After 30 years I will be near death and will have paid the banks almost 500 thousand dollars over the course of the loan. WTF? who would sign up to do that? So I'm stuck in a bad area in a burned out city that turned to shit after the Riots. I get paid nothing and groceries everything is being priced out of the stratosphere. I purchased a sandwich at subway yesterday. It used to cost me 7 dollars to eat at subway. Now its 20 dollars for a sandwich. Everything is insane and I feel like I'm getting screwed at every corner. I can do nothing to change my circumstances. This is the way it is now? what a sad time of life for the united states people. However... I'm sure other places have it worse than I do. So I cannot complain too much.@@Simplicityisbliss222
If you voted for biden and his bi%ches, stop complaining and don't vote for Dems in 2024. If you voted for Trump, then I feel your pain. @@marcussmith4913
all they have to do is pass a federal law that prohibits companies and firms to buy residential estates, then release the estates that companies/firms already owns back to the banks gradually
Why give them to the banks? These massive firms are in effect banks, since they own basically every one and the owners are literally involved in owning the private corporation known as the Federal Reserve. Fuck the banks, they shouldn’t even have the option to take a house from a person. We need better solutions that aren’t based in money.
The government and big corporations are the exact same thing now. This whole fair share and hate the rich scam liberals fall for is doing the exact job they intended it to. The government doesn't want to stop this. They have a hand in it.
In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resources to guide beginners?
I completely understand the impact of the new year on financial decisions-it's transformative. While I've found success in investing, especially with the guidance of my advisor, Natalie Marie Tuttle, I still appreciate the solid foundation i had. This principles align with the core values of financial discipline.
A crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370,000 portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
You will need a reliable FA to help you through the current market turmoil. I've been talking to an advisor for a while now, mostly because I lack the knowledge and energy to deal with these ongoing market conditions. I made more than $320K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having a Financial consultant is now the best line of action, especially for those who are close to retiring
I've spared myself the hassle that a disorderly market brings. Because of my line of work, I am unable to manage my portfolio, so I simply mimic the trades of LAURA MARIE RAY, a Financial consultant I watched on Bloomberg Business News. These days, the best approach to enter the market is through reading, researching, being patient, and getting advice when necessary. After that, everything went smoothly.
@@ElizabethGalvin1 Laura pears to be a true authority in this field. I looked her up on the net cos I really need this, and found her website, went through her profile and I can say she's superb. Dropped a message hoping it gets replied.
I have worked with her, best guess yeah, She has an incredible knack for spotting the right investment opportunities, even in a stormy market. Her guidance is invaluable.
I get your concern. But Lucy has a proven track record, and her analytical skills are top-notch. She calculated the risks and gains precisely. She being at the top of search result is a testament of credibility for real
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
NOBODY BECOMES A MILLIONAIRE OR BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRINGS MILLIONS OF DOLLARS AND CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT
Investing in Stocks and Forex is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I always look up your videos when it comes to financial lessons. You are such a blessing to this community. People are financially struggling to put food on the table, yet no change is made. I appreciate Anna Contreras alots, you've helped my family with your advice! Imagine investing $17,000 and receiving $33,000 in 7days
I am grateful to her, though I started with as low as $1,000 actually because it was my first time and it was successful he's a great personality in the state.
I'm so happy I made a productive decision about my finances that changed my life forever, hoping to retire next year... Investment should always be on any creative man's heart for success in life..
"Who will be the one to bear it (the financial losses)?" If 2008-09 is any guide, the answer is: the American taxpayer, not the fat cats who gambled with the banks' money.
Exactly!! Thus, the massive wealth gap to begin with..."average" people's wages stagnant for decades, but still paying their fair share of taxes. Meanwhile, taxes cut for some CEO making millions a year!
That's the long term outcome of supply-side economics, aka "trickle-down." The only thing that ever trickles down is the mess. For 40+ years now, the middle class has allowed itself to be bamboozled by the Messieurs Money Bags into believing in the mythical beast called "job creators." Our most economically expansive years were the '50s & '60s, when demand ruled > factories hummed, corporate tax rates were high which led corporations to put a much larger share of their profits back into the business, which drove further expansion of both the economy and the middle class. How much longer are we going to keep buying the "trickle-down" b.s.? Will it be a grand case of "don't know what you've got 'til it's gone"?
AND Mobile Home Parks. Buffet too - Century Homes. Lot rent is expensive for mobile home owners even if they own their homes :( Small parks are getting bought up and rent soars. Home gets seized if owners can’t keep up. Then Ready for resell at 15%+ loan. Just sayin’
@@freerangeboogie7293 yep happening here in Florida. people lived in a manufactured community with lot rents at 500 or 600, went to 700, then 900, and now up to 1200 in less than 3 yrs. Awful what it has done to the seniors on fixed income. They ate being forced our of their own neighborhoods
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
Cheap money or expensive money; doesn't matter. What matters is how you deploy those resources. You can have the best monetary policy and absolute equality but blow the entire economy to oblivion. What really matters is where you spend and if that creates better quality of life.
Engaging in an individual option is fair but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
To create high dividends, it’s wrong to engage in a single option rather than diversify into various options with high performance coupled with the aid of a Pro will generate higher dividends
Because the game is rigged. Thankfully, more and more people are getting educated on how this system works and start moving their assets outside of this charade. Unfortunately there is only one answer right now, that is Bitcoin. Hopefully we will see more decentralized and trustworthy currencies make its place in the market.
@@radekmraz1432 is that why bitcoin went from 50k to 18k from Dec 21 to December 22. I'm hoping this is a joke and that people actually realize the problem lies by enlarge with democrats borrowing and spending massive amounts of money. Republicans have issues too, but the train wrecked economy is 100% on Biden. Previous high inflation was Obama gas n inflation went much higher, but I don't think he was near as bad as Biden. I'm baffled the man is running America. I honestly don't see him being qualified to run any country, at most maybe a smaller third world country.
Depends on what the assessor says. There is an unjust assessments across the country where less valued homes pay more in percentage of taxes compared to rich neighborhoods.
Great video but if you wanna be successful, you most take responsibilitywe for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life, Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life 🙏🙏🙏
you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|
I was pleasantly surprised to find that you're familiar with her as well. I've had the privilege of working closely with Jenny Pamogas Canaya over the past few months, and she has not only helped me earn substantial profits but has also been an exceptional mentor and trader. Her ability to navigate various market situations is truly remarkable, and I couldn't be more satisfied with our collaboration-
"Wow, Warren Buffett calling a storm in the real estate market? This is just what I needed to hear. I've got $234k saved up in my emergency fund, and now I’m itching to make some moves. But seriously, the market's about to go all tornado on us? Maybe I should be looking into bunker stocks or something! 😂 Any thoughts on where to start? Should I be running for cover or is this a golden opportunity? 📉💸"
Hey, I get where you're coming from, but I wouldn’t jump to conclusions just yet. Buffett’s warnings are often a bit dramatic and the market has a way of surprising us. Sometimes a storm isn’t as bad as it sounds. It might be worth waiting it out or looking into other investment avenues before diving into real estate. It’s all about balancing the risk, right?
Great points from both of you! I’m in a bit of a pickle myself. I really want to make informed decisions but have no clue where to start or how to find a good investment advisor. I need someone who can guide me through this storm without adding to the confusion. Any tips on finding a reliable advisor?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
I looked up Linda Aretha Reeves based on your recommendation, and she seems like exactly what I need! I’m excited to see how she can help me navigate these uncertain times and hopefully turn my investment strategy around. Thanks for the tip! 🌟💼"
Since 2015 I’ve been waiting on a meltdown. I’ve always believed 2008 was never actually dealt with. All the Fed did was create more debt and even riskier behavior, riskier in many ways to what was going on in 2006-07. But, it took too long and still hasn’t popped. I decided I’m 100% done with stocks. I now only buy distressed real estate and private businesses. I’ll never revisit stocks. The more eyeballs looking at an investment opportunity the less I’m interested
In 2008 I dealt with it buying two rental at half price and a $560k short sale remodeled Marco Island condo for $240k cash after hosing crash. Paid off my primary home nine year mortgage that year as well. All because of my investments.
It's been dealt with. Banks have to pass stress tests, and banks don't give mortgages to people with a heartbeat like in 2006. Banks can't mix in low credit borrowers with high credit borrowers when they look for investors.
We’re Grateful that our house was finished being built in 2019. Our original interest rate was 3.85%, but it the summer of 21, we refinanced and got a 30 year fixed mortgage at 2.9%. We make 2 extra payments a year so we’ll have our house paid off in about 14 years. So by the time my wife retires our house will be paid off. The attached 800 sq ft, 1 bedroom, 1 bath apartment will give us an extra income for the rest of our lives.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
I learned very quickly from the crash of 2008. I was in my early 30's and watched how everything went to absolute shit. So for the past 15yrs I have done nothing but save all my money, make solid investment choices, budget, budget, budget and become debt free. That's just the tip of the iceberg, but I'll be damn if I suffer as much as my parents did when they each lost almost 100k each from their hard earned 401K and other avenues of revenue/investments!.... NEVER AGAIN!!!
I was lucky, prior to the 2008 crash I moved my mutual Ira funds into a well protected account at Waddell and Reed. I was anticipating a bubble burst after listing to a panel on PBS which predicted the drop earlier in the year. They were right.
@@phoenixrisin2269It’s only normal to include your sources when quoting things or showing material that wasn’t originally yours. It’s called integrity.
It doesn't help when major US cities have let their downtown area become homeless camps that are driving away investors and businesses. These are the most expensive properties in the country and are sitting empty. We are in a major reset in our economy not just inflation but culture driven and who knows how or when it will balance out. Best thing the average person can do is tighten up on your spending and wait it out.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Celina Raghee
Crypto is pretty profitable at the moment. but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 750--k just in a matter of days/ weeks, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Residential housing wont pop. Too many people are locked in low interest rates this will keep inventory very low. I believe the price will decrease a bit and just hold.
The Air BnB loans are all serviced using the types of loans given to hotels... And based on the speculative value of the rental profits. They will drag the rest of the housing market ...hard.
I thought there'd be a crash but there's going to be just a 10%-20 percent correction while california minimum wage from 2020 to 2025 will rise from 13 to 18 which is a 45% increase just like in the the 1970s.
@@chasethehorizonx i own 3 vacation rentals at bellow 3% interest rate. i also put down 30% or more but for sure some put bare minimum and depand on the income to pay for their debt. I can survive for years without income.
@@investandgrow01doesn't matter what YOU CAN DO.. RE valuations are set by the inventory that sells. And with record low inventory on the market ( 1%) a move to even 2% is a 100% percent increase in the inventory and even a 3.5% fixed doesn't mean much if you lose your 90k a year job and can't find another unless your willing to work for 55K.. If comparable home sales fall in price by 25% than that's what your homes are worth. You can wait it out but the many other will not.
You obviously don't know how real estate valuation works. If several Airbnb properties sell for a lot less, all the comparable properties on a 1-2 miles radius will take a hit.
I owned a poultry farm at one time. When I was building this farm it cost me around 750,000 dollars, which I borrowed from a bank and used my home and land for collateral. At the time they were offering huge sign on bonuses and I was in a bad way, so I took the risk. What I didn't understand is that the reason all this was able to be offered was that the fed was backing the bank 90% if any of these loans went into default. In the end they flooded the market with new poultry farms which in turn gave the poultry companies to much of the upper hand, so I lost everything I worked for, for the last 20 years. Not only me but many others in the same boat. And most of the older poultry farms were gave some kind of excuse that they would no longer be needed. This goes deeper than this and could go on all day. Anyway things are looking up again. Thank You Jesus
Engaging a consultant or investing coach for guidance is the optimal approach when lacking market knowledge; personally, seeking advice led to a 65% portfolio growth since January, underscoring its effectiveness despite its apparent commonality.
Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.
There are a lot of independent advisors you might look into. But i work with *Camille Alicia Garcia* and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
This is what happens when you create assets and financial products out of essentials. You weaken the core of society. People only need to offer half of the asking price or go build more for themselves. Somehow, they don't.
@@ijatpingrhyb And they are both equally screwed. At the end, both build up highrise unsustainable cities that no one can afford to live in and bankrupt themselves to oblivion.
Build more for themselves... of course, you know this is illegal, right? We have insanely prohibitive Zoning laws put in place to protect the profits of real estate owners... i.e. the bank and large multi-national conglomerates. The system isn't rigged; it's fixed.
@@DCBChump This is why you shouldn't create markets for everything. Imagine the same logic of housing applied to food. What if a few hoards all the food and then there is a mass famine. How does that look for your economy and what does it say about your society.
I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I completely agree, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and I've gained over $850k following guidance from my investment adviser.
If that is the case, it would be an innovative suggestion to look out for Financial Advisors like Olivia Maria Lucas who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very vital to weather the storm.
In a long run -- every one is dead -- This " Long term " is a bogey often used by big investment banker and Mutual Fund operator to garner more money for their ultra short term gains. Hence beware when some one says " LONG TERM" no one knows how long it is..
Your explanation of the situation was excellent and easy enough for most 10 year old's to follow. I've known about this upcoming debt tsunami for some time. Your video is better than most with it's explanation.
Finance are not difficult! What’s difficult is people not realizing they don’t deserve anything, they are average not special and if they want something they have to earn it. Grow up nobody owes you anything.
It's been a rough year with losses from failed banks, real estate crashes, a struggling economy, and downturns in stocks and dividends. It feels like everything has been going wrong. What a terrible year it is…
Companies very rich big corporations are spending money, but only on themselves. We invest in these buisnesses so tbh they probably didnt take many losses on that money spent. However are those really helping people when the people they bought from arent helping others themselves? Thats the hard part. What is tesla doing for people? Pepsi bought all those Tesla EV semis and Solar Panels atop their factories. What did that corporation do for the people? Did they fairly pay the workers and the people? Im not so sure that Elon Musk did his due Diligince. Nickle and Dimed the working class so he could take money from Pepsi. I just hope these big money deals are going to help everyone and that we all get a piece of the pie somewhere.
I’m about halfway through and gotta say, this information is very well presented in a way that makes it easy to follow and understand. Well done! 🌟 New sub earned
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
I worked in the RE department of a major restructuring firm from 08-15 when there was a similar tsunami of loan maturities. Same thing is happening and will continue. Half the lenders will kick the can down the road and go through the restructuring process and half will dpo or foreclose and sell to the opportunistic funds. Office is no longer the highest and best use in many areas. Many of those will be converted to some form of housing or mixed use. Some lenders will also sell their bad notes to the Blackrocks and IBanks of the world. The small mid and community banks will again suffer.
In 2008, when the real estate market and banks crashed, it was mid to small contractors like me that took a disproportionate hit along with contractor supply companies. I could no longer pick up building materials and pay the bill at the end of the week or month. And in my case, being an electrical and HVAC contractor, I had to pay in advance to order material 1 to 2 weeks in advance to get it so that was cash up front for material I would not get on hand for 1 to 23 weeks and for most the only option was expensive credit as small to mid-sized contractors just do not have that kind of capital on hand and the customer does not either. Contractors go under, and contractor prices go up and work just does not get done, and as a result, the unemployment on the bottom base level of construction labor and even the mid and higher paying kraft level construction labor goes up drastically. Plumbers, Electricians, and HVAC techs go unemployed. They make up the upper middle class and are now unemployed. It was the wealthy that capitalized on it and we at the bottom were left to die. It will be the same now.
Exactly! as a wife of Master Electrician Contractor with 30 guys on the payroll and bonded with government contracts but got hit harder in the Great Recession having to layoff and losing all our savings and 401k to try to keep the business afloat. My husband decided his health and mental well being was more important and changed careers investing in many different sources of income from commercial real estate to e-commerce and freelance electrical on the side. We learned along time ago to not have all our income eggs in one basket. These past 20 years with the economy has been so toxic.
Important to document what less capitalized contractors experienced during the great recession of 2008. I don't remember any economists describing what you went through as a result of lack of credit access. Why was there no federal relief program like PPP available to most businesses during the Covid pandemic not offered immediately after 2008?
I went to every financial institution that was offering bailout capital and all had the same answer, I did not qualify. I had to lay off 15 employees, sell almost all my trucks, generators, and other tools, and become an independent contractor for larger companies that had the capital to operate. I weathered threw it but my employees did not.@@JoseLopez-tk4tq
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Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
very true, I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
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Skimming the comments, I see only a few understand the problem described unclearly in this video as limited to non-residential, commercial real estate. A lot of people are posting about personal residential real estate which is something else.
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The bank isn’t losing money because they got a building back for less than they loaned out. They still made tons of money off it and got the building and even a tax write off. They make out in the end.
As far as I know, Buffet is one of the very few rich men who didn't step all over people to get where he is at. He didn't lie, cheat, and steal. I could be wrong, though, and am open to new info about him and willing to change my mind based upon new evidence.
Here in the UK, Most household mortgages are only fixed for 3 to 5 years. There are loads of people whose fixed deal is coming for renewal and unfortunately there will be many who will no longer be able to afford the increase payments as we have become used to very low interest rates .
This video sheds light on a concerning reality. It's baffling how the cycle seems to perpetuate, benefitting the already powerful. 🔄 Your insight on the potential aftermath, especially for smaller lenders, is thought-provoking. 🏦 As someone navigating the real estate scene, this serves as a crucial cautionary tale. Thank you for breaking it down so comprehensively. 🙌
The book "The Secret History of Real Estate and Banking" posits that real estate runs in 18 year cycles. Since RE last low cycle was 2008, that makes 2026 the next low cycle, of course give or take a year or 2 when speaking of long historical trends, 18 years is just an average.
It's not a cycle, it's a spiral. With each turn the income inequality increases, and eventually it will implode. We are close to implosion time. Either we enact common sense laws (greed, social responsibility, borders) or the U.S. becomes a wasteland.
I’m so sick of billionaires like Buffett predicting financial doom while continuing to make huge profits and benefitting from Trumps tax write-off to the 1%.
it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of a planner, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
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The part were I don't understand, why the bubble keeps increasing and it's not popping out sooner ? Which makes me think that is more something that is controlled and will appear when it needs too.
Because the government keeps creating more money. More money means the bubble can keep growing. But it also means debt payments are higher. Generally people with the least money are the most effected, which is why we are seeing increased homelessness and poverty, and the failure of small businesses. The government can keep inflating, and pushing its citizens into poverty, or they can let the bubble pop and let the owners suffer. Guess who funds their campaigns? Guess who votes the most? The OWNING class. So they will keep inflating things until the pressure is too much and they can't control it any more and it pops despite their best efforts.
Because the original loans are for the most part fine right now, the problems arise when they reset to higher interest rates. These are not fixed rate loans, they adjust usually after a number of years. The banks might not be in terrible position, depends on the loan to value situation.
Everything seems fine as long as everything seems fine. The thing that gets me is if someone has the original 350k (example from this video) there is a substantially less risky 5% high yield savings and T-Bills available so if someone is going to merely break even on these commercial real estate deals, my question is why would anyone ever do this if there are significantly LESS RISKY investments one could make with 350k
Could all these commercial properties be converted to residential? If this was stood up as a new normal to replace building new apartment blocks, could this avert the impending disaster?
Depends on the building but adding windows, bathrooms and airshafts can be more expensive than just knocking it down for a parking lot. Also the re-districting takes lawyers and assessment people you have to pay $$$$
I will add to that….then you have a huge zoning problem. Zoning for low income residents for instance, would severely bring down the value of the surrounding CRE.
They said "in just a few months"... 11 months on and it still hasn't happened. Inventories in Florida have gone back up to the historic mean and not above, while more than 3 million people moved into Florida. Inventories are still low in Florida for residential. Many people are sitting on 3% mortgages and they would be foolish to sell. Also, building costs have skyrocketed so housing starts are at record lows. The crash will only affect: Theater properties, Malls, Commercial office space, big box store properties and some strip malls with dying anchors.
In 7 states they have an anti deficiency law. Meaning that if you sell the house in a fair, arms length deal any excess owned to the bank must be forgiven by the bank and is not owed. You should make that clear because CA and AZ are two of these states and it makes a big difference if there is a crash.
Aren't banks in the 1st position.. meaning they get paid first. So with that.. they will get all the proceeds and the equity of the seller will be wiped
@@bman6502 Sure, you are Right of course, but as you also know for sure, many who have much Money in todays World have forgotten that it could also become a Reality that not much is left of our former Habitat Earth and first then those filled with Greed will begin to understand said spruch.
I get what you’re saying.. I find it interesting that most of the world believes in some form of God, and all those “Gods” preach about serving the poor and homeless.. the Bible talks a lot about wealth, but I guess Christians conveniently, put aside those versus….
@@bman6502 Yes, I know what you mean. I have become more Spiritual than religious as I usef to be, and feel we have been manipulated programmed to follow certain ways of thought that do not rhyme together at all with the Christus Energy thought. Greed is as old as there are Humans and many have suffered from that. The World seems to be our of control now for a while. Thank you for your Posting. Have a good day and stay strong. Greetings..R.
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This interest rate system they talked about for commercial real estate is how it always is in Canada. You always re-negotiate your rate every 5 years, or you take a variable rate mortgage which changes month to month. USA has it made compared to Canadians.
What people don't realise is businesses not only have the option of just walking away, they can often sometimes renegotiate their purchase of property and reduce their debt if it makes sense to keep that business paying (many businesses choose to pay interest only and pay none of the principal back). This is termed a 'discounted purchase order' or DPO. This ofcourse only applies to businesses and not to individuals... Fair huh?
I run out and grabbed all my life, grey and retired, great attorneys manage for me. Properties sit for either tax purposes or making money. Let the property depreciate and taxes pay the note , then becomes an asset and buy more and start over.
Interest rates in Germany were down to 0.6 % in 2019/2020 - not 2.5 % .. buying real estate was so ridiculously cheap prices went through the roof and it was still cheaper to buy than to rent.. and now we are at 4 to 5 % which is a seven fold increase for the same type of loan.
@@GahBoe most of the people cant afford to buy a house if the dont inherit something. Lot of the Loans for houses are 30 years plus (middleclass, dad working fulltime, mom half the day + running the household, no fancy car) Edit: Just looked debt to income in germany up.. Currently at 87% That is as bad as 2009 lol. What a time to be alive as a 25 year old
Germany deserves trouble after what they did to europe in 2015. Merkel the fool allowing europe to be invaded which it is in 2023. She should face jail.
@@horux1129 you mentioned 30 years+. So is the typical house loan in Germany 30 years, or is it more? I just want to get a some what accurate number. In the US, 30 years is the typical max, with a few being 15, and the more less common 10 year.
The commercial market will crash single family homes should be solid. American families don't stop they pay their bills and they don't stop. Overpriced real estate is what it is it's a risk we all take
I remember the collapse of the commercial real estate market in Boston in the mid-1980's. My employer at the time, The Bank of New England had tons of that paper on their books. They eventually went out of business. FWIW, The BNE was one of the largest banks in New England at the time.
The 1938 Gilchrist theater on highway 97 in Oregon is available! 5000+sqft commercial building with endless possibilities. Restore it as a theater, office space, unique mansion, haunted attraction, antique mall, concert hall, Airbnb... Includes original projectors. Historical but remodeled in the 90's. 850k OBO, owner can take a contract.
Retail and Office segments are el gonzo. Others are really strong, such as industrial, warehouse, storage facilities and apartment complexes. Keys for the retail and office properties will be handed over to the banks that truly own them (or taken away forcibly) and, as they said, there will be new owners who'll "inherit" these properties for pennies on the dollar, dump capital into them to repurpose, and they'll be floating...until the next upheaval. That's how it goes. Markets are as organic as the people and cultures behind them. Another upwelling factor is insurance, especially in CA, FL, and TX where ins co's are sounding alarm bells and/or bailing out altogether, due to increasing natural catastrophes and rebuilding costs. If you can't get insurance or if it's too prohibitive to carry, you lose profit margin -- at best.
@PatrickWalter234 Very much the same for me, glad to hear it! When you don't rely upon third parties for your well-being, you live and sleep so much easier, ala "Live simply so others may simply live." 🙏
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Reasonably explanatory article in the AZ Republic this morning. Much discussion on how folks with lots of cash and credit bought up 100s of apartment complexes that used to be affordable in the valley here. Not now. Apartments that used to rent for $800.00 a month now cost $1,600.00. These properties have recked the rental markets and it is expected that when the economy turns down even further. Even more record evictions than are currently at their highest since 2005-2008. Already many who came to AZ for work and lower costs are leaving the state. Either because they have been evicted or have been priced out of any kind of affordable housing. Another point was that these newly refurbished places are refusing to accept government vouchers aka Section 8 vouchers. When these are used the applicant pays around 30% of their income to the complex and the government picks up a set amount. But with wages on average ranging from $15.00 to $20.00 an hour people just can't afford to live here anymore.
Very educational. With any major change in the status quo, someone is going to suffer. Imagine if tomorrow everyone stopped eating junk food. Then try to imagine how many companies would go out of business in the months to follow.
For decades I admired Warren Buffett. Until I read an article from some years ago where he held a meeting with top Social Media owners. This meeting would effect a Pres. elect 4 yrs ago. He requested their help in controlling info that got out to their viewers. We see what happened. Sadly WB is destroying our country just as elected officials.
Warren Buffett is one of the most successful investors of all time, and he has a proven track record of identifying and profiting from market trends. So when he says that a storm is brewing in the real estate market, it's worth paying attention. It's important to be cautious about the real estate market right now. However, if you're doing your homework and making informed decisions, there's no reason why you can't still make a profit
That is your objective ? Make a profit ? The problem with making a profit in this corrupt system is that it has to absolutely take from someone in a less favorable position. Unlimited wealth in a finite ressources world is purely psychopathic.
I just want to buy a house. And not pay more than it’s real value. No house should make you go hungry. I need a roof with space for me and my loved ones. All the fluff is useless. Will I be able to find houses cheaper in the future?
