Episode 39: REMAIN CALM: Tis the Season. Please Exit Rollercoaster Here
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- Опубліковано 21 тра 2024
- #silentdepression #housingmarketupdate #homeprices
M3 Market Update is a review of the current state of housing (including long and short-term rental), commercial real estate and mortgage finance with relevant data and drivers. Not investment advice.
This week's update runs through recent inventory, sales and home price data for April. In my cities, per Redfin, sales were up 6.52% YOY and 11.39%
Redfin came out early enough for me to do projections for Non-Seasonally Adjusted home sales
My projection:
YOY +8.54% and +13% MOM
Existing Home Sales just came out with NSA: +6.8% YOY and 10.8% MOM
Link to Substack: open.substack.com/pub/m3melod...
Link to BED data: www.bls.gov/news.release/cewb...
General Reference & Recommendations:
1) #silentdepression - For a review of what's really been going on in the economy since 2007 to understand the path of housing: • We Are Living In A Sil... . Follow @emilkalinowski on Twitter or UA-cam.
2) Eurodollar University UA-cam Daily Briefing: / @eurodollaruniversity
3) The term Eurodollar sounds kinda weird and the concepts are complicated, so I recommend going back to the very beginning where they lay it out very simply. This is a MASTER CLASS in monetary policy and the plumbing of the financial system: • Video
4) And for an episode on some of the myths surrounding the Fed: • Market Rates Refusing ...
5) The Fourth Turning: www.amazon.com/The-Fourth-Tur...
6) A Brief History of Doom: www.audible.com/pd/A-Brief-Hi...
7) Swamp Peddlers - www.amazon.com/Swamp-Peddlers...
Please reach out to me with questions or comments:
Twitter: @m3_melody
LinkedIn: / melody-wright-44204a4
Substack: m3melody.substack.com
Just a note that the "Seasonally Adjusted" Existing Home Sales came in lower, but in reality, they were not down from a non-seasonally adjusted basis. I was off by 6K in total sales which makes me very excited about being able to do projections in the future! Each day we get more and more data to chart the path ahead. Thank you so much for sticking with me!
Melody, thank you so very much for your hard work to bring us the truth. Your humble brilliance and compassion leak out all over the place, you're a true angelic person. Please let us know if you get a Patreon or P.O. Box to make a donation to help offset some of your costs. Best wishes to you and yours from Colorado. 💖
@@phreedomphile Thank you so much for the incredibly kind words and offer of support. Means a lot and will keep you posted. Thank you again and back at ya ❤️
We look forward to your reports! You are doing an excellent job in analyzing the facts !
Thank-you for this very important service you are providing! I certainly hope the chanel will grow exponentially as more people want to understand the dynamics of the current market. Yours is a voice of reason and calm in a potentially violent storm!
Yay! New Melody videos are the best!
Thank you so much for watching!
Loved your new format and all the charts! Thanks for all you do to keep us informed!
So good to hear. Thank you so much and thank you for watching!
Just listened to your episode on the Sachs podcast. Thank you for the in-depth and real message as a human to share the information with the public. I am here for vigilante justice and leading the next generation in the right direction away from corruption and tyranny.
no longer paying attention to price. Its the cost of the property taxes for me at this point. So now am looking in other countries.
Your content is beyond phenomenal! Keep it up and keep growing!
Morningstar recently listed my metro as one of the most "overvalued" in the country. My translation is: don't overpay! Your words "remain calm" are exactly what I needed to hear because so many folks are insisting things will rise forever. It's been so stressful watching the madness around me. Everyone is set up to take on massive debt because they are convinced the only way out is hyperinflation. Just buy now with leverage and the govt will inflate away your debt. So far,, it seems they are right. But my gut keeps screaming at me to hold off. So much propping up and free govt giveaways and massive govt spending. I just can't buy into this because I will feel terrible if I do. We need a good correction to teach us all a lesson. Always good to hear the voice of reason. Thank you.
Thank you so much for watching. I'm so glad the message helped. It is nuts. IMO if we have hyperinflation we will have social unrest. The folks that talk about this aren't spending much time with the 80% who doesn't live in that reality. And I agree that a correction is needed. Housing should not be a casino.
I appreciate your comments on the stock market as someone who has
"witnessed first hand two of these cycles"
Thank you Melody! Being a visual person I absolutely LOVE your charts. Excited for you next update. The housing market over the last few years has been crazy! We are GFC survivors FINALLY ready to buy again and now all this bs. We are remaining calm. 🧘♀️
Excellent - calm is key. So glad you love the charts. Yes, the mania is a bit exhausting, but the signs are coming faster now. Thank you so much for the support and for watching!
Absolute home run with your data and presentation!!! Your work is impeccable.
Thank you so much. That means a lot. I was a bit nervous. Thank you again for the kind words and support.
I needed this video, Melody! Thank you! Travis' video help me keep my chin up but your videos renew my hope that I'll be able to get back into home ownership again! In my area, nothing was selling; when April hit, everything that wasn't woefully overprice (what isn't?) sold within a month....
Thank you, and I’m so glad. ❤. It is amazing to me the strength of the YOLO-FOMO reality distortion field. But it truly is only narrative and we are nearing the turning for all markets. We will stay strong together. Thank you so much for watching and the support.
Absolutely fantastic, Melody. Thank you so much for your work!
You do such a great job discussing the macro picture and bringing in the details of specific local markets. Redfin's data center is showing pending sales are already dropping more YOY and new listings remain above YOY in the San Joaquin Valley. Inventory is beginning to build.
Thank you so much. And, yes, no one can hide the inventory anymore. It's growing most everywhere. Many people are going to be shocked.
Outstanding. Love the Internet.. Sitting calm in CD’s and Treasuries..
When in doubt, sit it out. Excellent choice
Prices are ridiculous
We just appreciate your knowledge from your perspective. Thank you
So glad you came back! I didn't give up on you. So glad you are covering my home state. I am a data geek also. Thank you Melody!
Thank you! I'm so glad you didn't and I truly appreciate the support. Us geeks have to stand together!
I've been hearing prices are going to drop since 2022 and have been looking to buy since 2021. I'm tired boss. Prices where I want to move have exploded because I listened and waited and waited and waited
Same
I completely understand. If you share your city we can track it together. But, to be clear, prices have dropped from 2022. Existing and new have not hit those peaks. We will soon see how much the speculation has held up the market. Investors are getting capital calls and desperation is increasing. I would encourage you to hang on, but everyone has to make the best decision for their family.
@@m3_melody Thanks so much for being so sweet! The house is in Hiawassee, GA on lake chatuge.
I literally NEEDED this video! Everything is so so crazy now. I know it doesn’t make sense at all but it is discouraging to see everything just skyrocketing around you and know that it doesn’t make sense but it doesn’t stop! We are in North Carolina and it is hot! In a bad way. Things are out of control
I completely understand. But, I've been here twice before. I worked at the WSJ when everyone was wearing Dow 10K hats....we are in late stage mania. Hang in there and thank you so much for watching and the support! We will get through this together.
Great insight like always Melody.
Thank you Melody. Very nice presentation.
Thank you so much for watching and the kind words!
Thanks for the great data and perspective.
Thank you so much for the kind words and for watching. Means a lot.
Thanks Melody! You always bring the good data with thoughtful analysis, very much appreciated!
You are welcome. Thank you so much and thank you for watching!
Great job on your broadcast Melody.
Thank you so much and thank you for watching!
You do such a great job Melody!
❤️ thank you. I couldn’t do it without your support.
Thank you so much!
Thank you for the update
Thank you Melody. ❤
This was great Melody, I want more, PLEASE! I get goosebumps thinking about your work!
Thank you so much and thank you for watching! I geeked out on this data for sure!
I’m sure you remember, I’ was in it from ‘01 and I still remember too. Bless you for moving your momma in. I took over my 82 yr old mom’s care recently, so I understand the chaos.
Thank you, Melody. Always helpful to hear about your research and opinions.
Thank you. You are welcome and thank you for watching.
Thank you!
Thank you, Melody. Coeur d'Alene is where I want to retire, but the market is so overvalued, and the realtors are so unethical the kind that Travis and Todd speak of, its hard to find a good honest realtor see it was on your hot list.
I live in post falls. Could you clarify what they are doing that is unethical? If I was to sell, I think I would try to sell by owner because I don't agree with the realtors. Interested to hear your take.
Thank you.
You are welcome and thank you for your support.
Thank you, Melody. The law of gravity.
You are welcome. Thank you for the support and for watching. And, exactly.
Awesome information Melody! 💯 Thank you so much. I always look for and enjoy your videos. Few people honestly share information as you do. 👌🙏
Hurray!!! Another Melody video
❤
Love the frozen, hot, on the move chart. A great summary Melody. And thanks for the Portland ME/OR clarifications :)
So glad. Thank you so much for the kind words and for watching.
We appreciate your geekiness.
❤❤🙏
Great video as always! Not sure if you heard, but Logan Mohatshami mentioned your name calling for a debate. Started with me tweeting him asking about his premise that everyone participating in dialogue about housing should provide a price forecast. Was making the point that I’m just a consumer sharing what is happening in my local area … the idea that dialogue shouldn’t be reserved for “authorities” speaking on broad national trends.
That's his way of bullying. I did not hear he mentioned me. I have already debated him and gave him my price forecast. He wouldn't share his. Smoke and mirrors.
Great stuff thanks
Thank you so much and thank you for watching!
Love the Wexford info. Thank you! It’s been the same since 2020. Anything that is decent and correctly priced sells very quickly. More people want to live in the woods than there are decent homes in the woods. It’s always been a tight market going back decades because it attracted retirees from the auto companies who bought or built and then settled in. So low turnover for a long time. But now there.are 100s of STRs, it was a horrible winter for skiing and snowmobiling. And the economy there has definitely slowed. I’m going to bet come fall we are going to see inventory start to come on line. Unfortunately, according to my son, there are more homes that have been purchased by institutional investors than you might otherwise think for a small town. I guess they are (sadly) everywhere. Thanks again.
Thank you and thank you for that local intel. I agree - I think we will start to see more STR dumping here in the summer. I'm just glad we have the foundation of information which will help us with what is coming. These smaller markets are very telling. Thank you as always for the support.
@@m3_melody indeed. Population of the country is 35k. City of Cadillac 11,000.
Filtering for ‘houses’ only on Realtor there are just 87 properties for sale. And at least 1/3 you wouldn’t want to live in. And 1/3 are priced above 250k. Leaving not much in the (for that area) moderate price range. Keeping prices higher than they would otherwise be if inventory doubled.
Homeowners' personal balance sheets are much stronger today than they were 15 years ago.
Not for the borrowers I’m monitoring. Maybe top 5-10%. But we don’t know their true balance sheet as most Buy Now Pay Later is not reported to credit. 56% of folks who use that are behind on at least one payment based on a recent survey. www.bankrate.com/loans/personal-loans/buy-now-pay-later-survey/
@@m3_melodyWhats that got to do with what he said specifically about homeowners?
Thank you! We all need to hear this Melody! And you're report numbers are very helpful. Great job on the presentation. We need to learn Streamyard 😅
Thank you so much. Yes! It was easier than I thought, but not a pro yet. Thank you so much for watching.
Mahalo always a treat to hear your update from the gaslighting 👍🏽🤙🏽🌴🌴🌺🍍
Mahalo! I really appreciate the support. Happy Memorial Day!
Go, Melody! You make good sense!💯💥💥
Thank you so much and thank you for watching!
Good stuff Melody
Thank you so much and thank you for watching!
Nice work. Las Vegas and Nevada seems like it should be an interesting one to look into. For some reason Nevada is the only state in the Union with declining inventory? I live in Las Vegas. This does not seem possible.
Thanks Melody. Waiting for the bottom in Sevierville I love that place.
There is so much inventory....I am just down the road so will be watching it carefully for you :). Thank you and thank you for watching.
@m3_melody I will definitely be following and I am one of your paid substack people. we stayed in a place last summer that was on the side of a mountain you couldn't even walk into the backyard because you would fall down the mountain. And the driveway was almost not navigable. But it had sold for $750,000. But on a side note ,Can you see if you see any birds there. It was disturbing for me that there were no birds. I only saw a handful of crows and like four Cardinals the whole time I was there . Tennessee just passed a law against the SRM trails. There were not even like chickadees in Dollywood picking up crumbs and french fries. It was really disturbing.
The foreclosure and rent moratorium along with low interest rates created a short squeeze causing prices to increase inorganically along with speculative AirBnB purchases and flippers. This story isn't over since we haven't seen anything like it. Just my opinion of course. Thanks Melody.
Great work BTW. I'm interested in what's been going on with lending. Whether low LTV's, subprime, liar loans, bad risk being sold on etc has been creeping back.
Hi Melony:)
You are right about Atlanta. Market is frozen.
Thank you for the intel.
Just the woman I wanted to hear from. 😊
There's that trademarked wave!
I made sure not to cut it off!
MISSED YOU!!!!!
Missed you guys too! Thank you so much for the support. I'm feeling better about the road from here.
Hawaii is an interesting market. Listings up big over the last year. Some of this has to do with the coming legislation that is going to prohibit or disincentivize stvrs.
Despite the narrative from mass media, it is slow, real slow in Colorado. I have two empty homes on my street. I had to cut the grass since no one is living there. It is really bad in Sterling Ranch CO. They got their tax assessments and now are trying to dump the homes!
Another great video! One thing about Virginia is it’s chock full of government employees with state dept, Defence, NATO, all the military branches. I visited my mom in Chesapeake near the Norfolk Navy base and her $400k-$600k neighborhood had tons of homes for sale but they are still selling because there are officers who are there or retire there and they get VA loans. My uncle is an appraiser there also and he said the valuations are out of control like back in 2006-09. He was an appraiser in the same area then also. He said “I just appraised my first million dollar home built on a freaking slab”.
I totally agree. I changed Ivy’s statement to add the DOD: the market will move due to death, divorce, default and the DOD. But I think this is why prices in San Antonio have held up for so long. But I do think there is a shelf life based on the inventory which went on steroids to feed the government beast.
Thanks Melody, I appreciate the advice to "Stay Calm" It's so easy to get Overwhelmed and disillusioned in this market.
Great improvement by having the visuals. I know you’ve been working hard on these new updates. Two items of feedback, if you could make the charts slightly bigger and increase font size by 1-2 will make it more readable. Also, I couldn’t figure out what the colors were on the later slides where certain cities were highlighted in lime green or blue. One suggestion, would be to put good news in light “green” and negative numbers in a light red/pink along with a legend at bottom of chart.
Thank you
I'd be curious if you have done or plan to do some analysis on Las Vegas. I've been watching the market here for about a year. Inventory (new and existing is low), lots of new builds in the pipeline and many locals/agents are saying the same line from 2007.... houses don't decrease, it's a hot market, etc.... To me it looks unsustainable for a variety of reasons. Price increases are happening and DOM seem short but I'm passing for now.
Las Vegas hanging on has been a surprise to lots of people. My step daughters mom is out there in new home sales and has finished homes sitting empty in the development so I think it’s a lot of narrative and hidden inventory keeping prices inflated.
Good luck with mom.
Thank you. It's a wild transition....you spend your whole life trying to change everything about your life from childhood and then you run right smack back into it! But, it's for the best. Appreciate the support :)
@@m3_melody I moved my mom in to live with me for 7 years, until she needed more care than I could provide. At the time I was probably a few years older than you. Challenging at times, but it will be fine. Looking back, I am glad that we had those years together.
Hi Melody. Love your videos! Just out of interest: Did you see Travis’ episode with Joe Brown?…who presents a fairly compelling argument in the opposite direction. Would love to hear your response…
Yes - I saw it. To me, no one can answer what jobs will sustain the higher prices. And, what most of the bulls miss is how much speculation there was/is out there. The embedded fraud we are just learning about will be shocking. In my latest chat with Travis I talk about the JPM silver as an example.
What’s your insight for Sarasota? Is it cheaper to buy vs rent there?
Wexford County, MI!
As a former Michigander (45yrs) I get a chuckle out of not knowing this county.
Oakland, Macomb, Wayne pretty much all that matter, perhaps Kent also.
Yes - this is special to a very small group of people, but I started out by tracking specific markets for people so here we are :)
Thank you, Melody! My wife and I are 26 and rent on the KS side of Kansas City. We have no debt and maybe a 5-10% down payment saved.. Just waiting to see what we can afford! Any thoughts or advice on the KC market specifically Johnson County?
Hi there. That is excellent. Keep saving those dollars. Inventory is up 17% YOY and 6.59% MOM. Compared to its average it is up 16%. Sales are moving in line with the season so likely you won't start to see price drops until late summer. Stay tuned!
For everyone expecting home prices to come down, the stock market is keeping it elevated.
You will not see a house pricing crash untill you see a stock market crash.
The stock market is not that scary, just have cash on hand and be conservative with investments. Opportunity should present itself. You cant really time this stuff.
At least they should have brought the highly skilled labor. They brought the other ones
People who are genuinely seeking data and perspective, to make wise decisions and protect themselves financially, arnt bothered by an imperfect internet connection:)
Too true, too true. I try to tell myself that, but thank you for telling me as well :). I really appreciate the support.
I would like to discuss interviewing you. My members would love you!
Hi there - you can contact me at m3melodymarketupdate@gmail.com
Sevierville TN??. That's moonshiner central !!! The law may be watching you.
Was there last week and right?!
Frozen
I'm in Westchester county... a whole lot of homes for sale... but all are 700,000 and up... more in the millions... nothing for 1st time home buyers or middle class families
Sellers are still so delusional - but propped up by that zestimate. It only takes a couple though before things start to change. From what I'm hearing about investors who are getting capital calls and losing their shirts on multifamily....I guarantee there are a few in Westchester....we will start to see more distressed selling.
30 mi west of boston condo selling well over asking. half a mil, no garage, near interstate. i hope its a local anomaly cuz its just bananas. though 60 mi west of boston is worchester and thats a different story
Yes....but I do believe in some of those hot markets there are going to be some real hangovers when this all settles.
Equity rich, house poor has a short shelf life...folks are refinancing at 8% plus fees to pull out equity...cmon people...just stop
Are you seeing more mortgage delinquencies?
Hey Molody. I've been watching and sharing your videos for about 9 months now. If you do an interview with someone, can you upload a short with a link to it? We can't go weeks without your information again! Thanks, love the videos.
Yes. And I’m so sorry. I promise I will be better about this. I should have done that.
@@m3_melody It's all good! You have the best info on youtube about the housing market. So I regularly check in on your videos. Thanks for working so hard on them.
I remember in 2005 seeing the prices of houses skyrocketing and thinking to myself I'll never be able to afford a house, it took a couple years but all that changed.
Exactly. It's so hard for everyone to believe right now....the mania is strong
I like that you ate doing research back to 2001.
Few remember Greensoan's decision after the tech crash in 2001 to lower funds rate to 1% and inflate real estate vs stocks. Those moves augmented by Clinton-Bush policy to increase home ownership percentage by targeting minority communities led to 2008.
I feel like the long real estate cycle we are in began in 1999 not 2007.
The resilience of commercial real estate in GFC and no reductions in values are coming back to bite us now.
Thank you. I have thought about this as well....and honestly - what if it began in the 30s with all of the government intervention? But, I understand what you mean by this cycle. And I do agree that it really started back then. I remember in 2004 and 2005 just looking around at all the people going to Home Depot and being thoroughly confused.
@@m3_melody You can trace back nearly all the problems we have economically back to 1932. Few realize the monumental shift FDR instituted and how different it used to be. He institutionalized the Federal adminstrative state begun by Wilson which is now totally normalized. Wilson/FDR. Built the modern financial infrastructure including the mortgage business.
Would you sell and rent if you in the position to ?
My lease for my 1 bedroom $1850 apt in Phoenix,AZ is up August 1. Should I renew my lease for 6 months or a year? I have everything I need to purchase a home just need the over inflated prices to drop.
Hi there - everyone's situation is a bit different, but if I were you and you were going to rent, I would try to negotiate that price down. With the amount of inventory you should be able to in Phoenix. In terms of buying.....that market is in for some pain and inventory is at 2017 levels. I believe those who can wait will have better options as that inventory continues to build. But, I track Phoenix religiously, so stay tuned as I believe the summer is going to be interesting.
Went to look at a house 30 minutes outside of Pittsburgh last night. Roof, hvac etc were good but most rooms weren't updated from the 1970's when it was built. Didnt even bid since my realtor thought it would sell well over asking. I see no end to this here😢
By you saying no though you will be a part of the solution. Pittsburgh has some nuances, but if you are fine with being outside the city I think you will find some deals after summer. Have you looked in Canonsburg or that area?
@@m3_melody Hi Melody, yes! I would love Canonburg but nothing is coming on the market there. This house was actually further out in Washington PA. We've even been looking in Weirton WV. Prices are more reasonable there but very low inventory. I think you are right though about waiting until after summer. It's just too much of a frenzy now.
I have always had a lot of faith in increase in efficiency ( AI) to benefit all but in the long run but not the transition phase. I am just not seeing tons of new jobs being created anywhere any time soon. All indications to me looks like shrinking discretionary income in middle class. Market is just plain locked up from those low interest rates from the past.
Yes - the transition phase is going to be bumpy in my opinion.
We are still here.
So glad :). Thank you.
Was there this shortage of homes like Philly burbs is seeing right now back in 2007/2008? I wasn’t in the industry then. I want to believe this but we are still seeing massive bidding wars in most sectors and price points. City itself is different.
Same in Pittsburgh. Is so discouraging.
@@user-wq7yc2om3d I guess I have to belive that this will happen here and prices will come down? There is just so much demand... any insight Melody on these hot market would be helpful. I do have anecdotal stroeis from FL & TX which are confined by your videos with Travis. I just don't see a coverall scenario taking place, but maybe I'm wrong.
It sounds like the numbers are just a scam
It's a confusing time.
It's an angry time.
All markets have been manipulated.
Stocks & bonds are just as broken
Agreed!
In Southern California a 3 bed, 1 bath, 1200 sqr ft, in Long Beach went on the market about 3 wks ago for $900k. The price was just increased to $950k and it's marked as pending.
If you don’t mind, can you track it for us? NVIDIA has increased FOMO.
@@m3_melody I'll definitely watch as it's just up the street from my daughter's current house
@@m3_melodyno FOMO. The reality is we have no supply and high demand.
@@House_hacker_619WE are in the bubble of all bubble. And bubbles pop.
@@bpb5541Just because prices go up doesn't mean there is a "bubble". Calling wealth building a "bubble" is just broke people's way of feeling better about staying broke and being left behind.
Thanks melody. My market is unstoppable. There is no indication at all there will ever be any price declines in the coming years in St. Petersburg. I am going to have to bite the bullet and get into this market in about a year from now when my lease is up. About an hour and a half south of here is going to have price declines, tons of inventory hitting the market there.
We have 8 months of inventory and big price drops here in sw fl! One house was first listed at $389 just sold 2 days ago for $310!
Nope
Southern California again. My daughter has been trying to buy a house in Orange, Ca. The ask on a house on Arabian was 1,160,000 and they bid $100,000 over asking but lost the house. The bid that clinched it was 1,455,000. It was kind of a fixer.
Will you think I’m a terrible person if I’m a bit glad? Buying right now at these prices could be a personal finance killer. But I will pray she finds something soon.
Real estate is supply and demand. They need to expand their location and consider fixer. First issue is we’re running out of land to build, high cost of supplies and labor so builders aren’t building that much. Second most houses here are owned by multi generational families which means no mortgage or cheap mortgage. Also there 4-5 families living in one house so if one of them loses their job. There’s 4-6 adults can all cheap in and pay that cheap mortgage.
@@m3_melodyI bought my 2nd property in San Diego last August 2022 for 685k with rate of 4.375. Best decision I’ve ever made. My house has 2 ADU and currently rented which pays my full monthly mortgage. So According to Redfin it’s worth 830-895k. My neighbor 2 houses away from me just sold for 895k about 2 months ago. I’m already up over 30% in price appreciation. I’ll never sell and no reason. My rate is low and I’m cash flowing. I feel like I bought the house in 2019 because I saved over 80k by not paying my mortgage.
@@House_hacker_619 it was a fixer
@@m3_melody not at all. I'd prefer them to wait. But it's their choice.
I think it's difficult for some to witness what is happening in the United States of Soviet Amerika (as well as most European countries)... all run by the same crime syndicate. In reality and IMO, put simply, it's a type of slavery that is enveloping more and more of those who would otherwise be free. Sadly, I don't believe it's going to stop. Best to plan on getting out, for the sake of our children and grandchildren.
I agree - it is difficult to witness. I have decided to stay, dig in and get involved locally. I hope that if more decide to do that as well we can turn things around.
As a professional real investor I have completely ignored all of her advice over the past year and in doing have a handsome profit buying and selling houses.
You have deep pockets getting deeper so you can take risks others can't. No hate from me.
@countrysister700 Not risky at all. In fact, I'm a very conservative investor. I've been doing this for 30 years so have learned to avoid the mistakes that many others make. Surprisingly, even big corporate investors often make really dumb mistakes.
The theater is packed with people.
The doors are only so big. Not everyone will get out in time.
Either we get a crash in the markets, or we get raging inflation.
I'm thinking raging inflation
I just think we will have social unrest if we get raging inflation. I see people around here getting more and more fed up. We shall see, but it is a confusing time.
I could not have said that any better. Massive crash or hyperinfation... the only other alternative is Stagflation. Pick one of those.
Make sure all the realtors and every flipper and investor gets locked inside. No mercy on any of them.
Pls, you really need to stop apologizing for everything. You waste too much time rehashing it all. Just get on with providing good content and peeps will watch and return. But, continual hollow apologies will run more viewers away.
Do you know many Southern women?
For YT content creator$, you're correct.
But Humble Pie is real for us Southern/Texas gals. (The insecure/fakers are the brassy ones). I'm a licensed Realtor who struggles being too humble and honest.
@@m3_melody I was born and reared in north central Tennessee. So, yes I have known many Southern women. Also, I moved to Pennsylvania when I was 30 and met several hard working and honest northern women. Southern women don't have a monopoly on good virtues. My advice still stands. Stop with the hollow apologies and get on with your promises of what you said you will be delivering. I've seen several of your video vlogs and you've apologized more than once. It's a habit. Stop it.
There is a hige gap between what "you believe" and what continues to happen.
Your "beliefs" continue to be proven wrong every single day , week and month.
I sjggest you either get better data sources or get better at interpreting the data. 👍
What do you feel has been proven wrong exactly?