Видео

From 1970 the dollar is now worth 5 cents . 1/20.

Another option that works- leave the USA. The USA is broken in many respects.

If my husband called me a kid, I’d 🤔🫠🫤

Great perspective!

I invested in a rental property in 2021 in Cali. It was a horrible investment I lost the property within two years . The property foreclosed and I had squatters in one of four multifamily and California is a tenant state. I ran out of $$$. I listen to all the podcast and I sign up for many mentors, which I didn’t get no deals with any mentoring I sign up for. Please be careful there are a lot of bad advice out here and everyone has a mentor class or some sort of an academy.

Headphones for the speakers would be amazing on the air shock

just sold a property in Italy and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

Boomers.

Ramsey has a few good points, but mostly closed minded and wrong for a lot of people.

i wonder where million of illegals are living

Well, Switzerland was founded on slavery 170 yrs ago like the US. Apples and oranges, bud

What about becoming a lender? Would you recommend needing a real estate agent over being a lender?

Why is his seatbelt like that

I think home prices are a bit more complex than just increasing inventory. There has to be an environment where homeowners are willing to take a steep loss to sell their home. Once prices go up and are sustained, you have essentially accumulated a higher amount of homeowners at a new higher price level. These buyers aren't going to sell at a loss unlessed they are forced to as a last resort. You have to squeeze out some of these investors who bought at an overleveraged price. Increase occupance tax. Force commercial zoning for Airbnb. Design and implement a threshold for the amount of affordable housing each county must meet per capita.

If the US Gov would have used the money they wasted on Ukraine and subsidize construction loans, the supply would be a lot higher, and the Fed could have cut rates sooner.

are they in a portopotti?

Smart !!🎉

People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. I now look towards the stock market to fuel my millionaire goal. Sure I'm not alone in my chain of thoughts.

You've got to' remember Dave Ramsey's an Evangelical he believes in Sola Scriptura and truly believes the borrower is slave to the lender as a Papist I don't necessarily agree with that, but I mean it's his belief.

YES

Black Rock handles things like retirement funds. Real estate profits feed black rocks retirement fund capacity. The market crashing puts retirements in jeopardy. They can not let it crash

And why you need that maney give me 10k dolars :) you cant spent that

I'm 64 years old. I raised three sons by myself and went to college after I became a single mom. We ate a lot of food from the "bent and dent store". It took me 14 years to pay off my student loans. But as a responsible adult, even though we lived close to the poverty line, I paid them off. There are more "Baby Boomers" than you know that had the same experience.

Food and Energy are just going up slower...haven't gone down

Everyone need to not purchase anything other what is absolutely necessary til this system corrects

No one is addressing the implications of that. Every expert is totally ignoring this. The cost of living is unattainable for everyone.

Home prices are too high!

Excellent video and so correct regarding the generational attitudes, regardless of the extent of wealth, which a relative concept in many respects. Ken did miss a part out, though he did allude to his starting with nothing, so perhaps the generations before him also had little or nothing. Hunger and determination to succeed financially comes from a lot of places but I agree that most often it’s from being brought up with very little except a good upbringing, and with the right values.

where is the crash?

It will in housing when there are job losses...it just takes time. We are getting close. They are starting interest only loans and Arms again. Average isnt median and national isnt Austin, Florida Dallas ect. People will lose jobs and not be able to refinance and bam...dominos. the fed wants to break real estate. We are close but foreclosures and failed refinancing won't happen until job losses.

The smartest families i've seen are the ones that stick together. I'm talking about the Indians, the Philippinos, the Mexicans...4 people in each bedroom and each has 2 jobs making 40k each. 40k a pop and there's 7 to 10 people per house under that single family zoning? Do the math. They all share a few Mercedes and carry cash around. Strength in numbers. But what do "Americans" do? They tell their children to get out the house by 18 and start over...LMFAO.

Houses for sale are lowering prices, it's happening across the board.

What happens to your debt if tenants stop to pay or postphone payments and RE prices fall ? How are you managing interests and instalment then ?? You see, Robert and people alike him will never tell you the whole story and explain actually how they solve real issues. The problem with capitalism is that huge debt on both national and private sector basis, which will end pretty badly for most people ...

A home is a fundamental need and want of Americans. These fools don’t understand the simplest things

It's not that higher prices aren't driving higher wages, it's just that they aren't growing at the same rate. And haven't been for 50 years...

In my moderately upscale urban Houston neighborhood that's still gentrifying, there are 64 residences of any type with a 3/2 configuration and at least 2000 sq ft listed and not under contract. 47 of those 64 are under 1M. 31 are under 750K. 18 are under 600K. I'm under contract for a house in fair condition (but needing some repairs and appliances) around 500K and getting a decent for market interest rate. But I had 3 viable for me options under 600K. 3. You're right - the problem is supply but specifically at a more affordable price point.

debt is debt and therefore owed to somebody, no debt is good, period.

Biz is slow

Danille you should run for office. You would be an excellent candidate and you have a good broad grasp of things.

You can’t add 10 million people to those looking for housing and demand to fall. Having said that - on the other side - more houses are available here but expensive.

You’re a fool if you are buying a house right now..

🤷‍♂️guys if you're that rich. It looks like you guys are crammed up in a small airplane.😂🎉😅

Please explain what you mean by the government is coming after your trap equity?

In my mind, the main issue with the unaffordability and scarcity of single family homes is not exclusively building more. It's private equity and wall street price fixing the market like they love to do with every market. Private equity has trillions under management and can literally buy up every available desirable home for cash - and they are doing just that - and still doing it. I have seen it over and over when I lived in Florida. Corporate home builders were setting prices by jacking up home prices by five to ten grand PER MONTH. This skewed the comp sales numbers and caused every private seller to raise prices to keep in lock step (why would a private seller leave profits on the table when everyone else is getting theirs?). Greedy millionaire investors, too big to fail flush with cash banks, REIT investment firms and price fixing ARE the problem. 'The haves' are crushing 'the have nots' because the government is allowing it. Though there may in fact be a supply problem, it is a policy problem more than a supply problem. Ken, it's not about tiny friggen homes! (you will own nothing and be happy in our new communist world where oligarchs rule. Welcome comrades). Money interests have too much power - it's an anti-trust problem and the government has lost control of it.

If they do rent control I'm out.

Mass immigration means wage suppression, the economy grows through consumption, more people buying stuff they don't need while investors get richer. Consumer defensive will always have a spot in my portfolio

America is weird jeezus

Debt gives you a reason to go to work