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GDP growth under dems has been better according to your guest; but this is not the case the past 20 years. Obama is the ONLY president ever in our history to not have a single year where we averaged 3% or better GDP for any 1 year year. And he had 8 years to hit 3%. Trump hit 3% GDP for the year in his second year
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I'm 35 and have saved up the down payment on a house. Now I'm second guessing my decision because home prices are higher than I budgeted, and I’m worried everybody seems to think there's a potential market crash coming. Am I better off putting my spare cash in stocks and waiting for housing prices to drop, or should I go ahead and buy a home now?
Stocks can potentially offer way higher returns in the short term, but it's also more volatile. If you feel confident in your ability to navigate the stock market then it might be a better option
Two years ago, I was in a similar situation and ultimately decided against buying a home since I was comfortable in my rented apartment... That turned out to be a great choice because now, I make close to 15 grand a month from it! If you have the time, I recommend doing thorough research on how to go about this process safely... Alternatively, consider working with an expert, like I eventually did, to help avoid costly mistakes, especially in the early stages... Good luck...
been considering going into this for sometime now. heard its a nice way to make some extra funds. how do you get a competent expert and how expensive are they
@MandyLuke You should begin by seeking out individuals with strong records... Also make sure the person is registered... Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And they're usually way cheaper than you would expect in the US...
@@Bethel485 It is really a small world. I used to be classmates with Kelly in high school, one of the smart ones then lol Had to go to her page to confirm that i wasn't mistaken. Nice!
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?
I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money
gold to me is an inflation hedge for long term, but not quite profitable in the short run, you can get more insights or guidance from financial advisors
Straight up! investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. However, if it wasn't for covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?
CAMILLA MARIE FULLER... has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
The guy has LOST All REALITY !! Homes have doubled this last 4 years in many places because of MASS MONEY PRINTING AND PROGRAMS!! MASSIVE!! let them fall to PRE 2019 LEVELS!!!!
Great interview, David! But with the Federal Reserve cutting rates again, I’m really hoping this will finally lead to lower mortgage rates. It’s been tough trying to sell homes with rates this high, and insurance and taxes are another challenge altogether.
My business loans are crushing me with these high rates, and the taxes I’m paying are way more than my income. I was really hoping David’s speaker would shed some light on legal immigration and the big increase in demand. I’m hoping this rate cut will help ease some of the burden, but I know it won’t happen right away. We’re all feeling the pinch right now.
One crucial lesson I’ve picked up from billionaires is the value of making your money work for you and diversifying your investments. This year, I plan to invest about $75k of my savings in the stock market, aiming for strong returns. A few years back, my financial advisor, Desiree Ruth Hoffman, helped me lock in a low mortgage rate before the surge, and she’s been vital in keeping us financially secure. Now, with rates possibly falling again, she’s guiding us on whether refinancing would be a wise choice.
Desiree gave me great advice on my student loans too. With rates fluctuating, she helped me switch to a fixed rate before they went up. Now, with the Fed cutting rates, we’re looking into whether I can refinance again to bring it down even more.
That sounds like good advice. I’ve been hesitant about refinancing, but with the market shifting, maybe now’s the time to talk to someone like Desiree.
That’s why I’m glad we’ve had her on our side. She doesn’t just focus on the short-term; she looks at how these market changes affect our long-term financial health. She’s an expert who really knows what she’s doing, and from working with her, I can tell she’s different from the rest.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Stacy Lynn Staples" my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say Stacy appears to be quite knowledgeable. After coming across her online page, I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Somehow this guy misses the fact that home Insurrance and taxes skyrocketed in the last few years. It’s incorrect to say that the cost of home ownership has not moved one bit.
1. If illegalaliens aren't taking up some of the supply of housing,.. where are 10 to 20 millionIllegals living yaPencilNeckedDweeb??? 2. 19:00 Stay in your laneRealEstateBoy Energy is the life blood of the economy. All other prices are founded on energy prices. The record fossil fuel production you mention now is just at the same level of the peak of Trump's term. If the trend established under Trump had continued production would be substantially higher. The economy is also 10% larger in real terms. Even with this "record" production you mistakenly mention,.. prices for oil, gas, etc.... are still 50 to 100% higher than they were under Trump. If the trend that was set under Trump had continued, oil production would be substantially higher,.. AND here's the tricky part,.. Prices and therefore inflation would be substantially lower.
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.
I like both. But in my experience, most of the millionaires I know have gained their wealth through diversified investments and they all had a sort of financial advisor helping out with informed decisions.
Straight up! advisors are the ideal reps for investing jobs, and at first hand experience, I’ve maintained a balanced growth portfolio for 5 years now, recently turned 7 figure after 100s of thousands invested so far. IMO, nothing beats expertise.
I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?
My CFA Carol Vivian Constable a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for all of your work and the great information you provide. I'm retirement age and am taking management of my own retirement funds. It's a bit daunting, but leaving them in Bank or savings has not proven very profitable. I also have a shark mentality, keep moving...keep learning. I have learned so much in the last 2 years about investing, Options, and Crypto but still have mountains more to learn. It's not as daunting when I come across someone like you who is wanting to share your knowledge to help others and truly cares about bringing others along with you....... I have managed to grow a nest egg of around 210k to a decent 732k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
What I appreciate about Sandy is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
I tried to sit through this one, was painful because he was so Kamala-centered. He also said real estate prices are going up while they aren't anymore, so, yeah. He's dumb AND wrong. Nice.
There are more housing units per families today than in 2008. Supply is not the issue, concentration of ownership is. That’s what happens when you pump 40% of the M2 money supply into our markets in 2 years and keep interest rates artificially low… it incentives those with money to buy all the supply. This is a policy issue. We need a recession to bring back balance.
And buy 35% of the MBS's by the Fed, let 20 million households have rent/ Mortgage moratoriums for 18 months plus, ppp loans never repaid, pandemic tax credits, no student loan payments and on and on and on and on. Largest wealth transfer to the top in history !!!!!
It makes zero sense for Wall Street to buy single family homes because they don't scale. The bought them because so much money has been pumped into the system that everything else was overvalued and if they lose, they can get bankrupt that part of the business. But in the meantime, they get paid well.
And here we are a week or two after this interview mortgage rates are back to 6.6%. Cost of home ownership has gone up even with fixed rate mortgages. Insurance property taxes utilities and all the other crap that goes into your house.
I’m in Massachusetts and real estate in the last 6 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
mortgage rates 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 at a crossroads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount
’Stacy Lynn Staples, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Sophia’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Sophia Haney’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
when he says 65% of Americans are owners, all that means is there will be more sellers than buyers when demand is down. Also he completely missed demand and was only talking about supply to bring prices down. if there are no buyers (demand down) then prices drop plain and simple
hes a jew spinning his own political narrative. he also claims that more home ownership will be deflationary which is hilarious considerin everyone gets their spending money from home equity.
This guy doesnt explain the simple relationship between inflation and real estate. The results clearly indicates that real assets, including real estate, have the highest correlation to inflation than financial assets such as stocks and bonds. This is also a reason why investors favor real estate during inflationary periods.😂.
I will have to disagree with his statement that “only the 35% that don’t own a home are complaining about the valuation increases”. I’ve owned my home since 2013 with a 4% mortgage rate. I have a lot of equity but I can’t do anything with it because of the jump in property taxes for an 800kish home and insurance in South Florida. Many I know are in the situation. Additionally, I disagree with his statement that because we have fixed rate mortgages in the US, our “cost of ownership is staying the same”. While my interest rate is static and my principal payment remains the same, in one decade my total mortgage payment has risen by 67% due to mainly insurance as well as property taxes. Maintenance costs have also increased, everything required to keep your home from falling into a state of disrepair. You name it: pest control, new roof, AC maintenance, paint, pressure wash, lawn... My salary keeps increasing but my quality of living keeps decreasing.
“Cost of ownership hasn’t gone up one iota, because they have a thirty year fixed rate mortgage.” Wrong. This is the most objective and knowledgable guy you’ve had on your show. Really enjoyed it and I’ve watched this a couple times. You have taxes insurance HOA fees that are surging at this time. I have have a below 5% rate, 30 year fixed, and my mortgage payment has gone up big time in the last year due to a surge in property taxes and insurance. This year will be much higher according to my statements. This is a smart guy and respect the other information but how does he not mention this? Think of all the homeowner retirees that are on fixed income where their property tax, plus, insurance plus HOA and or other costs go up substantially like they have every where over the last few years and they can no longer afford the house that they probably own and have to move as a result. Point being, your costs as a homeowner aren’t fixed just because you have a fixed rate, your property taxes and insurance are extremely variable affect people’s lives. Just surprised this smart guy omitted that.
No you don’t benefit if property values go up clown. Why, because taxes and insurance go up in lock stop. Lost respect for this guy that he hasn’t mentioned that.
The only supply and demand issue with housing is too much supply of money. We don’t have a shortage of houses. There is a ton of unoccupied houses. What we have is a house hoarding problem where people with money buy up assets of all kinds to stay ahead of the devaluation of money. Unless that problem is fixed, all asset prices will continue to go higher. Gov’t subsidies will only exacerbate the problem.
I think he is mostly correct, but if rents decrease as stated along with housing prices, that would be a recession. And commercial real estate is much more challenged than just office.
How much of that 65% of Americans that own a home actually don’t own diddly squat, and still owe thousands on a mortgage that has years to be paid off. And how much of that 65% of supposed home owners struggle with over 20 percent inflation including the electric bill and food ? This guy is delusional.
Hopefully no sweep by either party. That’s a shame isn’t it? We don’t want our president and congressman to do anything. They are a danger to the American public.
15:43 that is NOT accurate. It is to deter investment firms from investing / buying up all the starter homes. 30% of starter homes were bought by investors last year. A good portion of that was WallStreet, especially in the south.
Property tax and insurance has gone up for people who have these low rates (get some popcorn and watch what happens in Florida). It is starting to bite into people I have spoken too. I find it interesting none of the guests look at this for a average person who purchased since 2018.
you don’t need the pipeline sure but it makes transportation of the oil much cheaper making anything that runs off the energy produced by the oil cheaper. we don’t need it but it makes transportation cheaper and more efficient.
Big employers are insisting on return to office because they know it drives a large number of employees to resign. It's a painless way to reduce your office workforce and prepare for the AI-driven future. CRE will not recover in our lifetime. Most of it will be torn down. It's just no longer needed.
If the cost of a home went up 53% on average, but almost no one can afford to buy them, then the owners can never realise those gains. So arguing that 65% of the US population have made 53% gains is a completely false argument. They have made that money when it is in their pocket, not just when Zillow says their home is worth $1.5 million but no one has the income or cash to buy it off them.
guy touts Kamala's policy as the only way to deal with the housing issue. how to complete discredit yourself in one sentence. guy is an obvious clown. next.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
A lot of folks downplay the role of advisors 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 licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
He seems like a nice guy with a expensive suit. A lot of what he said was true, although he failed to mention that those that bought a house at 3% and injoy the 20% increase in inflationary (none free market) equity from doubled home values, also are paying an equally larger tax/ insurance bill. Both trump and Kamala have a 35 trillion debt problem and it is in there interest to force up asset prices with inflation and there tax recipes to matinace the deficit, the problem is the job market must stay strong to do it, so getting those offices full agin might be harder inless, he knows somthing I don't, as jobs are shaky at best to those paying attention.
An inverted yield curve never signaled a recession. A yield curve that uninverts does, in 12-18 months. We have been uninverted on the 2-10y for only 2 months. He doesn't know basic macro.
I reached $250,000 in investment, it took me 2 years, last month I received $30,000 just in dividends. Only with believers. This month it will be $40,000 and so on, in the next few years it will be $500 million a year just in Bitcoin ETFs and other dividend income. What I took 2 years to invest, I had in 1 year.
I'm 52 years old. I reached my first 100 thousand dollars in just 3 months. Empecé with 20 thousand dollars investing in Bitcoin ETF and other dividend income. My objective in the meantime is to reach a million dollars before I turn 55 years old.
OBVIOUS, inverting is not for everyone, friend, you are not under the illusion that you live that something is for everyone. The interest in these investments represents a micropercentage of the population; If you think about crypto, then you are a better subniche. Earned 2 million dollars in 2 years by investing in crypto assets.
This year I reached 100 thousand invested in ETFs: from Bitcoin and other dividend income, for exactly 1 year and 4 months, I accelerated to reach 200 thousand, I believe we will reach the goal sooner.
My success is always the greatest happiness, I've been in the market since 2020, I have a total of 945 thousand dollars with another 75 thousand dollars invested in Bitcoin ETFs and other dividend income Investing in cryptocurrencies was the best decision I've made in my life.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
More supply is NOT the only way to see prices come down. 1. Demand crashing 2. Over supply that currently exist but is hidden, exposed. 3. Take out private equity, wall street, Airbnb out of the market
The City of Philadelphia has a "first time homebuyer" program that gives a $10,000 loan / grant so that with a seller assist of $6,000 and perhaps $3,000-$5,000 and you can buy a starter house. This is a program that actually works!!
Precisely. Obviously forget San Francisco.....but normal low crime cities has lots of houses that are affordable. Just looked up the average house price in Des Moines.....204,000 dollars.
@@drmodestoesq People will continue to move to the Midwest and South (Indiana / Ohio / Iowa / Kentucky) because they can buy a house and the numbers still work. Miami works if you steal money in Columbia or Venezuela and relocate to North Bay! Next ten years Second Cities will rule!
Look, the Fannie Freddie secondary mortgage was started when, three months ago, with the express intent of shoving more money into the economy (debt) that doest show up on the national defecit as govt debt. It is pretend and extend, pumping the economy up. All this debt, national, credit card, student, housing becomes a huge burden. All it takes is one little trigger like unemployment, and its going to go pop. And look at all those layoffs recently.......
LOL so bc she comes out with the most outlandish plan, thats not realistic in his mind, thats better than Trump not having one on the campaign trail? Got it.
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GDP growth under dems has been better according to your guest; but this is not the case the past 20 years. Obama is the ONLY president ever in our history to not have a single year where we averaged 3% or better GDP for any 1 year year. And he had 8 years to hit 3%. Trump hit 3% GDP for the year in his second year
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I'm 35 and have saved up the down payment on a house. Now I'm second guessing my decision because home prices are higher than I budgeted, and I’m worried everybody seems to think there's a potential market crash coming. Am I better off putting my spare cash in stocks and waiting for housing prices to drop, or should I go ahead and buy a home now?
Stocks can potentially offer way higher returns in the short term, but it's also more volatile. If you feel confident in your ability to navigate the stock market then it might be a better option
Two years ago, I was in a similar situation and ultimately decided against buying a home since I was comfortable in my rented apartment... That turned out to be a great choice because now, I make close to 15 grand a month from it! If you have the time, I recommend doing thorough research on how to go about this process safely... Alternatively, consider working with an expert, like I eventually did, to help avoid costly mistakes, especially in the early stages... Good luck...
been considering going into this for sometime now. heard its a nice way to make some extra funds. how do you get a competent expert and how expensive are they
@MandyLuke You should begin by seeking out individuals with strong records... Also make sure the person is registered... Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And they're usually way cheaper than you would expect in the US...
@@Bethel485 It is really a small world. I used to be classmates with Kelly in high school, one of the smart ones then lol Had to go to her page to confirm that i wasn't mistaken. Nice!
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?
I was just thinking the same... I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money
gold to me is an inflation hedge for long term, but not quite profitable in the short run, you can get more insights or guidance from financial advisors
Straight up! investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. However, if it wasn't for covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?
CAMILLA MARIE FULLER... has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
The guy has LOST All REALITY !! Homes have doubled this last 4 years in many places because of MASS MONEY PRINTING AND PROGRAMS!! MASSIVE!! let them fall to PRE 2019 LEVELS!!!!
He lives in an echo chamber of the 1% class.
He has no clue what the average Joe’s existence is like.
Great interview, David! But with the Federal Reserve cutting rates again, I’m really hoping this will finally lead to lower mortgage rates. It’s been tough trying to sell homes with rates this high, and insurance and taxes are another challenge altogether.
My business loans are crushing me with these high rates, and the taxes I’m paying are way more than my income. I was really hoping David’s speaker would shed some light on legal immigration and the big increase in demand. I’m hoping this rate cut will help ease some of the burden, but I know it won’t happen right away. We’re all feeling the pinch right now.
One crucial lesson I’ve picked up from billionaires is the value of making your money work for you and diversifying your investments. This year, I plan to invest about $75k of my savings in the stock market, aiming for strong returns. A few years back, my financial advisor, Desiree Ruth Hoffman, helped me lock in a low mortgage rate before the surge, and she’s been vital in keeping us financially secure. Now, with rates possibly falling again, she’s guiding us on whether refinancing would be a wise choice.
Desiree gave me great advice on my student loans too. With rates fluctuating, she helped me switch to a fixed rate before they went up. Now, with the Fed cutting rates, we’re looking into whether I can refinance again to bring it down even more.
That sounds like good advice. I’ve been hesitant about refinancing, but with the market shifting, maybe now’s the time to talk to someone like Desiree.
That’s why I’m glad we’ve had her on our side. She doesn’t just focus on the short-term; she looks at how these market changes affect our long-term financial health. She’s an expert who really knows what she’s doing, and from working with her, I can tell she’s different from the rest.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Stacy Lynn Staples" my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say Stacy appears to be quite knowledgeable. After coming across her online page, I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Playing his own book - one minute was enough. Losses are huge to come in commercial retail - look at all the closures and vacancies.
You are 100%. One minute was enough.
Somehow this guy misses the fact that home Insurrance and taxes skyrocketed in the last few years. It’s incorrect to say that the cost of home ownership has not moved one bit.
BINGO! The cost of ownership is increasing. And dont mention rising unemployment....
Agree. Plus the cost of repairs has increased significantly. And some have very HOA dues now.
1. If illegalaliens aren't taking up some of the supply of housing,.. where are 10 to 20 millionIllegals living yaPencilNeckedDweeb???
2. 19:00 Stay in your laneRealEstateBoy
Energy is the life blood of the economy. All other prices are founded on energy prices.
The record fossil fuel production you mention now is just at the same level of the peak of Trump's term.
If the trend established under Trump had continued production would be substantially higher.
The economy is also 10% larger in real terms.
Even with this "record" production you mistakenly mention,.. prices for oil, gas, etc.... are still 50 to 100% higher than they were under Trump.
If the trend that was set under Trump had continued, oil production would be substantially higher,.. AND here's the tricky part,..
Prices and therefore inflation would be substantially lower.
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.
U.S. stocks have historically been the best investment. Home prices will need to fall at least 40% before the market normalizes.
I like both. But in my experience, most of the millionaires I know have gained their wealth through diversified investments and they all had a sort of financial advisor helping out with informed decisions.
Straight up! advisors are the ideal reps for investing jobs, and at first hand experience, I’ve maintained a balanced growth portfolio for 5 years now, recently turned 7 figure after 100s of thousands invested so far. IMO, nothing beats expertise.
I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?
My CFA Carol Vivian Constable a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for all of your work and the great information you provide. I'm retirement age and am taking management of my own retirement funds. It's a bit daunting, but leaving them in Bank or savings has not proven very profitable. I also have a shark mentality, keep moving...keep learning. I have learned so much in the last 2 years about investing, Options, and Crypto but still have mountains more to learn. It's not as daunting when I come across someone like you who is wanting to share your knowledge to help others and truly cares about bringing others along with you....... I have managed to grow a nest egg of around 210k to a decent 732k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Sandy Barclays program is widely available online..
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
What I appreciate about Sandy is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
Due to the recent fall in the market, I don't think it's advisable selling, it would be more beneficial and yield more profit...
He is biased and supports Scamala, so I'm not going to waste my time on this one.
Yup! I'm out
was painfully obvious hes an antiamerican jew
Yeah, clearly he is a Dem, and spouting lies.
Same here.
I tried to sit through this one, was painful because he was so Kamala-centered. He also said real estate prices are going up while they aren't anymore, so, yeah. He's dumb AND wrong. Nice.
There are more housing units per families today than in 2008. Supply is not the issue, concentration of ownership is. That’s what happens when you pump 40% of the M2 money supply into our markets in 2 years and keep interest rates artificially low… it incentives those with money to buy all the supply. This is a policy issue. We need a recession to bring back balance.
And buy 35% of the MBS's by the Fed, let 20 million households have rent/ Mortgage moratoriums for 18 months plus, ppp loans never repaid, pandemic tax credits, no student loan payments and on and on and on and on. Largest wealth transfer to the top in history !!!!!
It makes zero sense for Wall Street to buy single family homes because they don't scale. The bought them because so much money has been pumped into the system that everything else was overvalued and if they lose, they can get bankrupt that part of the business. But in the meantime, they get paid well.
@@Michael-qy1jzpreach! 💯
Totally agreed and when there is a recession it going to be real ugly because so many have no savings & high debt.
Office vacancy rates have doubled to 20% average since 2020 but according to this guy, everything's "strong."
And here we are a week or two after this interview mortgage rates are back to 6.6%. Cost of home ownership has gone up even with fixed rate mortgages. Insurance property taxes utilities and all the other crap that goes into your house.
I’m in Massachusetts and real estate in the last 6 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
mortgage rates 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 at a crossroads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount
Do you mind if I ask you to recommend this particular person you using their service?
’Stacy Lynn Staples, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Sophia’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Sophia Haney’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
Sophiahaney she’s verified
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Guys a clown. I work in downtown Manhattan and I'll tell you it's a ghost town compared to pre corona virus.
Thanks for the info.
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you
My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
when he says 65% of Americans are owners, all that means is there will be more sellers than buyers when demand is down. Also he completely missed demand and was only talking about supply to bring prices down. if there are no buyers (demand down) then prices drop plain and simple
hes a jew spinning his own political narrative. he also claims that more home ownership will be deflationary which is hilarious considerin everyone gets their spending money from home equity.
This guy doesnt explain the simple relationship between inflation and real estate. The results clearly indicates that real assets, including real estate, have the highest correlation to inflation than financial assets such as stocks and bonds. This is also a reason why investors favor real estate during inflationary periods.😂.
His problem. Is that tech is making big offices in city's useless
Everything is rainbows and sunshine guys!
Yeah, in the distorted reality this clown lives in!
This dude seems to think the only cost of owning a home is the cost and interest. Have you ever heard of insurance or taxes?
Or maintenance.
His expression alone tells me there's trouble in commercial real estate. "Seriously, there's nothing to see here, folks."
Recessions happen after the yield curve uninverts in a bull steepner. This guy bends the truth for his own narritive.
I am an Officer & i just Said my Goodbyes to family & friends. I could be killed very soon. God protect me
Why?
@@passiveaction you’re the problem with this world. Everything thats wrong with our world is because of demons like you
Military? Or police?
God bless! If you think you had a bad day try missing one...
By one of True Dough's illegals most likely.
The cost of ownership hasnt gone up huh. Wow out of touch on that point there buddy.
Glad I watched this one. I love this episode David. Great Job finding and platforming for based guest on your show.
Where is the demand for CRE? This guy obviously has never been to Detroit or Baltimore or lower Manhattan. Take guy is talking his book.
31:28 what? Taxes and insurance has absolutely gone up which in turn most definitely has increased cost of homeownership
Hey buddy, the stock market is not the economy.
Great interview, David
excellent points by Willy
I will have to disagree with his statement that “only the 35% that don’t own a home are complaining about the valuation increases”. I’ve owned my home since 2013 with a 4% mortgage rate. I have a lot of equity but I can’t do anything with it because of the jump in property taxes for an 800kish home and insurance in South Florida. Many I know are in the situation.
Additionally, I disagree with his statement that because we have fixed rate mortgages in the US, our “cost of ownership is staying the same”. While my interest rate is static and my principal payment remains the same, in one decade my total mortgage payment has risen by 67% due to mainly insurance as well as property taxes. Maintenance costs have also increased, everything required to keep your home from falling into a state of disrepair. You name it: pest control, new roof, AC maintenance, paint, pressure wash, lawn... My salary keeps increasing but my quality of living keeps decreasing.
I am a home owner one of the 65% and still can't trade because they are son expensive . This guy clearly is not in touch with both normal people
“Cost of ownership hasn’t gone up one iota, because they have a thirty year fixed rate mortgage.” Wrong. This is the most objective and knowledgable guy you’ve had on your show. Really enjoyed it and I’ve watched this a couple times. You have taxes insurance HOA fees that are surging at this time. I have have a below 5% rate, 30 year fixed, and my mortgage payment has gone up big time in the last year due to a surge in property taxes and insurance. This year will be much higher according to my statements. This is a smart guy and respect the other information but how does he not mention this? Think of all the homeowner retirees that are on fixed income where their property tax, plus, insurance plus HOA and or other costs go up substantially like they have every where over the last few years and they can no longer afford the house that they probably own and have to move as a result. Point being, your costs as a homeowner aren’t fixed just because you have a fixed rate, your property taxes and insurance are extremely variable affect people’s lives. Just surprised this smart guy omitted that.
You're 💯 on point! Why did this guest omitted the obvious? Well, could be he needs to tow the line: "There's no dumpster fire here"
No you don’t benefit if property values go up clown. Why, because taxes and insurance go up in lock stop. Lost respect for this guy that he hasn’t mentioned that.
This guy sucks. Turned off when he said Kamala. How about it limit immigration clown
This was a tremendously informative interview
Thanks!
I stopped listening to this guy when he said that he listened to Kramer.
The only supply and demand issue with housing is too much supply of money. We don’t have a shortage of houses. There is a ton of unoccupied houses. What we have is a house hoarding problem where people with money buy up assets of all kinds to stay ahead of the devaluation of money. Unless that problem is fixed, all asset prices will continue to go higher. Gov’t subsidies will only exacerbate the problem.
This dude is either spot on or completely wrong and we are in a recession. My gut is telling me he is right.
This YT channel should be nominated as a most worse crisis prediction channel
No way this guy sees reality with out seeing this massive recession coming!!!!
I think he is mostly correct, but if rents decrease as stated along with housing prices, that would be a recession. And commercial real estate is much more challenged than just office.
Great interview
How, specifically, does a President spur housing construction?
Why should employers demand staff to return to office when it works very well with remote workers? Even more productive in most cases.
How much of that 65% of Americans that own a home actually don’t own diddly squat, and still owe thousands on a mortgage that has years to be paid off. And how much of that 65% of supposed home owners struggle with over 20 percent inflation including the electric bill and food ? This guy is delusional.
Here for the dooming intro music and David's hair!
Where does her $25,000 come from? America is dead broke due to profligate spending by our presidents since 2000.
2000? It was Reagan in 1980 that started the massive deficits policy.
It's a tax credit not a check
Hopefully no sweep by either party. That’s a shame isn’t it? We don’t want our president and congressman to do anything. They are a danger to the American public.
a bad one, i do not like this guy. he is biased does not facts straight.
Where are 3X more people who know how to build houses going to come from? Assuming you can get all the land.
15:43 that is NOT accurate. It is to deter investment firms from investing / buying up all the starter homes. 30% of starter homes were bought by investors last year. A good portion of that was WallStreet, especially in the south.
Property tax and insurance has gone up for people who have these low rates (get some popcorn and watch what happens in Florida). It is starting to bite into people I have spoken too. I find it interesting none of the guests look at this for a average person who purchased since 2018.
I like you David but this guy is one of the most disgusting guests you've ever had on he is talking his book to the point where he's sounding insane
you don’t need the pipeline sure but it makes transportation of the oil much cheaper making anything that runs off the energy produced by the oil cheaper. we don’t need it but it makes transportation cheaper and more efficient.
Big employers are insisting on return to office because they know it drives a large number of employees to resign.
It's a painless way to reduce your office workforce and prepare for the AI-driven future. CRE will not recover in our lifetime.
Most of it will be torn down. It's just no longer needed.
yes nice music intro choice way more chil
if we priced our g d p to gold this year, which is money wouldn't we be?Negative twenty percent
Bidrnomics
If the cost of a home went up 53% on average, but almost no one can afford to buy them, then the owners can never realise those gains. So arguing that 65% of the US population have made 53% gains is a completely false argument. They have made that money when it is in their pocket, not just when Zillow says their home is worth $1.5 million but no one has the income or cash to buy it off them.
guy touts Kamala's policy as the only way to deal with the housing issue. how to complete discredit yourself in one sentence. guy is an obvious clown. next.
This guy is delusional
9:50 FU
Buying Stocks or Gold are the absolute best hedges against hyperinflation.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
A lot of folks downplay the role of advisors 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 licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
He seems like a nice guy with a expensive suit.
A lot of what he said was true, although he failed to mention that those that bought a house at 3% and injoy the 20% increase in inflationary (none free market) equity from doubled home values, also are paying an equally larger tax/ insurance bill.
Both trump and Kamala have a 35 trillion debt problem and it is in there interest to force up asset prices with inflation and there tax recipes to matinace the deficit, the problem is the job market must stay strong to do it, so getting those offices full agin might be harder inless, he knows somthing I don't, as jobs are shaky at best to those paying attention.
Nothing these politicians say means anything.
He sounds like a wonderful salesman 😂 with a very driven narrative 😀
As in Used Car Salesman.
Prefer Bitcoin to real estate....
I guess this is what the other side of this market looks like; in this circumstance it is a small group
Doesn't seem like Warren Buffett holds your thoughts were Bank of America is concerned.
Why isn't David wearing his glasses? Doesn't he want to see us or his guests? Looks great with glasses.
“ homeownership has not increased one iota for them”. So I guess were ignoring steep rises in HOA. Property taxes. Insurance. Etc. etc. etc. etc. etc.
How much oil being pumped in the US is being kept in the US? Pump and keep US oil inside the country and watch the price of oil and fuel fall.
An inverted yield curve never signaled a recession. A yield curve that uninverts does, in 12-18 months. We have been uninverted on the 2-10y for only 2 months. He doesn't know basic macro.
The last thing any good butcher would do is to scare the sheep away from the slaughter house 😂
Another salesman living in delusion our worse, charlatan-ville. Just about every word out of his mouth was false.
Finally a guest who's not all about doom and gloom despite this channel's constant hammering of this narrative
The guest is wrong though. Thats the problem.
XEN crypto 💎
Super super super great information Brothers 👍😊❤
He referred to Cramer on CNBC, gotta be kidding.
I reached $250,000 in investment, it took me 2 years, last month I received $30,000 just in dividends.
Only with believers. This month it will be $40,000 and so on, in the next few years it will be $500 million a year just in Bitcoin ETFs and other dividend income. What I took 2 years to invest, I had in 1 year.
I'm 52 years old. I reached my first 100 thousand dollars in just 3 months. Empecé with 20 thousand dollars investing in Bitcoin ETF and other dividend income. My objective in the meantime is to reach a million dollars before I turn 55 years old.
This month I earned 155 thousand dollars in cryptocurrency ETFs, Bitcoin and stock exchanges.
OBVIOUS, inverting is not for everyone, friend, you are not under the illusion that you live that something is for everyone.
The interest in these investments represents a micropercentage of the population; If you think about crypto, then you are a better subniche.
Earned 2 million dollars in 2 years by investing in crypto assets.
This year I reached 100 thousand invested in ETFs: from Bitcoin and other dividend income, for exactly 1 year and 4 months, I accelerated to reach 200 thousand, I believe we will reach the goal sooner.
My success is always the greatest happiness, I've been in the market since 2020, I have a total of 945 thousand dollars with another 75 thousand dollars invested in Bitcoin ETFs and other dividend income Investing in cryptocurrencies was the best decision I've made in my life.
This guy is funny.
So she wants to build 3 million homes in 4 years? Isnt that already being done in a 4 year period 😂😂
"The only way" lol this guy doesnt understand the consequences of freezing credit markets and widespread layoffs amidst a deflationary event.
shill!
Selling his book
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
More supply is NOT the only way to see prices come down.
1. Demand crashing
2. Over supply that currently exist but is hidden, exposed.
3. Take out private equity, wall street, Airbnb out of the market
Human interaction yet does interview zoom call.
I'm not sure how I feel about the new violin intro. It may be distracting.
Jobs= Mortgage payments made! Look how bad the job market is?
Long rates are going up! Wtf is this guy smoken?? I want some lol
The City of Philadelphia has a "first time homebuyer" program that gives a $10,000 loan / grant so that with a seller assist of $6,000 and perhaps $3,000-$5,000 and you can buy a starter house. This is a program that actually works!!
Precisely. Obviously forget San Francisco.....but normal low crime cities has lots of houses that are affordable. Just looked up the average house price in Des Moines.....204,000 dollars.
@@drmodestoesq People will continue to move to the Midwest and South (Indiana / Ohio / Iowa / Kentucky) because they can buy a house and the numbers still work. Miami works if you steal money in Columbia or Venezuela and relocate to North Bay! Next ten years Second Cities will rule!
Fundamental to a service economy, humans interacting with humans just like he’s doing on a video conference.
Mr. Walker is one of the most impressive guests you've ever had on this channel! This guy is as sharp as a tack.
Look, the Fannie Freddie secondary mortgage was started when, three months ago, with the express intent of shoving more money into the economy (debt) that doest show up on the national defecit as govt debt. It is pretend and extend, pumping the economy up. All this debt, national, credit card, student, housing becomes a huge burden. All it takes is one little trigger like unemployment, and its going to go pop. And look at all those layoffs recently.......
Yes, in an alternate reality.
he sure thinks he is
i think harris said 300K by the end of her 1st term.. that's 4 years so if there's 100K a year now? that's a real empty promise lol
Bullshit You can always tell when they're selling their novel.Commercial real estate in the shit hold and we all know it
LOL so bc she comes out with the most outlandish plan, thats not realistic in his mind, thats better than Trump not having one on the campaign trail? Got it.