Greatest Financial Crisis And Housing Market Crash In History (2024 -) With Mike Maloney
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- Опубліковано 15 гру 2023
- Steep declines in asset prices (especially home values) may result in 2024 should Americans default on their debt. Mike Maloney believes, we're in the greatest financial crisis in history.
Visit and subscribe to Mikes' UA-cam @Goldsilver
#usrecession #useconomy #mikemaloney
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Thanks for having me on your channel. Let’s do it again soon.
Your insight is invaluable. Definitely look forward to another great show Mike. Thanks so much for your time.
@@SachsRealty Mike Maloney is brilliant and will be proven right. Peter Schiff would be a good compliment to Mike.
Nice message - economic prosperity for all would answer a spectrum of ills. Hope you reach your goal! Thank you for your efforts, and best wishes for your continued success.
The WORLD is in for a big hit ! It will be painful but necessary ! The correction will force people to do with a lot less BUT will induce an important element of a vital economy which is to start saving instead of spending into speculation of gaining profit ! When speculation outruns the capability of maintaining or supporting that entity in a economic downturn , YOU ARE IN TROUBLE ! The mass number of foreclosures in houses is a good indicator of an economy in stress ! Autos repossessions is and added RED FLAG ! So when the dollar stops ciculating
I love when Mike is on the show. He's gets cooking and there are so many gems dropped. The P/E ratio to immoral monetary policy rant was beautiful. I learned so much!
Achieving success hinges on the steps you actively take toward it. Accumulating wealth involves cultivating positive habits, such as consistently setting aside money at intervals for robust investments. Financial management, often avoided by many, can later become a haunting issue. My hope is that anyone reading this finds success in their journey!
Starting early is simply the best way of getting ahead to build wealth, investing remains a priority. I learned from my last year's experience, I am able to build a suitable life because I invested early ahead this time.
I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks.
One of my goals is to get an asset-manager this year. I've seen some off social media but wasn't able to get a response. Could you recommend one?
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
I searched her full name online and found her webpage. I emailed to make an appointment to talk with her; hopefully, she gets back to me.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
In 2023 over 40% of all homes bought in America were by private Hedge Fund Investors. Black Rock owns around 30% of all Homes in every State. The American Dream has been outsourced to private and foreign corporations. Fewer and fewer Americans own American Lands.
Thomas Jefferson never said that. In fact he never said anything like that.
@@frankmarsh1159 Liar... He said a lot more things too... Like wanting to ban the tiny hat tribe from America for all time. "Benjamin Franklin Prophecies" explain why. Thomas Jefferson, Ben Franklin, George Washington and others all wanted to ban them... The quote you deny is referring to them.. The Money Changers, The Bankers, The same tribe Jesus condemned as he flipped their counting tables.. I am very thankful that reality is not limited by your inability to perceive it
@@frankmarsh1159 "At first, by controlling the banking system we were able to control corporation capital. Through this, we acquired total monopoly of the movie industry, the radio networks and the newly developing television media. The printing industry, newspapers, periodicals and technical journals had already fallen into our hands. The richest plum was later to come when we took over the publication of all school materials. Through these vehicles we could mold public opinion to suit our own purposes. The people are only stupid pigs that grunt and squeal the chants we give them, whether they be truth or lies." - Harold Wallace Rosenthal, aid to US Senator Jacob K Javits of NY 1976
@@frankmarsh1159, that may be true but whoever did say it hit the nail on the head.🔨
Best, most honest answer for what's happening: "1, they're lying... 2, they're incompetent..."
Absolutely. 100%. Thank you for saying it out loud. EVERYONE needs to pay attention this time around, instead of getting blindsided like we did in '08.
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They're Evil. People always miss that one.... including financial experts...🤷🏽♂️
To be fair, WE didn't get blindsided in 08. The average person saw it coming for at least 2 or 3 years before it did.
By average, I mean highly varying levels of intellect, but not educated in economics.
It seemed like almost everyone, from those working entry level jobs with no degree, to surgeons and architects (highly educated in fields that have nothing to do with the world economy) saw trouble on the horizon.
We weren't blindsided. We weren't in control. We were screaming at those who were holding the wheel to correct the course, but they purposely steered us right into it while we were powerless to stop them.
What a lot of economists don't seem to understand is that the middle class cannot absorb endless price increases with endless wage erosion. We're at the end of that rope today. If these economic factors don't correct, the economic pain coming for over half the country is going to be nothing short of a tragedy.
Per Fed Chair, the wages are going up.
No one in that team is seeing wage errosion.
I never understood how people making less than me and my husband were buying 50,000 cars, 25,000 vacations, endless debt. Just try to imagine how many people are very overextended and one thing that falls out of place will make them lose their house. People have been using their equity lines like crazy.
Well said. Common sense, ignore the Barbara Corcoran mentality- Hurry Buy Now, Prices Will Go Up When Rates Fall
@@pdales2257 Buy now pay later... hate to say i've used it for a vacation last year.
or a major opportunity!
Great interview, thanks! Mike Maloney's Hidden Secrets of Money series is a must-watch in my opinion.
Seconded.
Thanks, much appreciated.
I Hope You Know the Banking system will crash soon and Banks will be cashless. Quantum Financial System would be a breakthrough in the world of banking which will lead to a new era of banking, QFS will not be influenced.
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The intro with Mike was nothing short of an infomercial.
This was a sales pitch.
So glad you brought Mike on the podcast. He’s a national treasure.
National treasure???? WTF howz that? Citizens are SO stupid.
He's been calling wolf for over a decade 😂😂😂😂😂
hahaha...if only he would let him contribute to the conversation
Mike is my man. Now I am sitting on a side and waiting for disaster. Then it's gonna be my turn.
He’s trying to shill gold products he’s selling
I really like that the guest, invested in farmland, solar and water. And not just gold and silver, lets you know how bad he believes it’s going to be 😮
I have been in all facets of the real estate industry since 1981. As I said in 2005 when prices went way up, when clients would ask me what I thought, I said the higher the prices go, the harder they will fall.
Yes...I have given back property in the 80's to Mr. Banker and in 2008 with the combination of South Florida, the Parkland Chinese sheet rock debacle along with the 20dollar millionaire arm housing collapse, almost gave another one back....
This one, which is taking it's sweet time, based on stimuli unchecked funds will be monumental, a lot of people will get hurt.
Enjoy this xmas... 2024 will be entirely different
They went up to fast too soon
So you're saying that prices go up and go down. Amazing.
Sometimes it’s just inflation. Over the last 30 years there was almost no inflation. So people don’t consider inflation anymore.
@@torsten6777Inflation has been around since 1971. Where have you been? It’s been masked by cheap labor that makes our stuff and hollowing out our nation’s manufacturing. Quality of stuff going down is the result of inflation. Crappy foods like processed meats, frozen foods and canned goods is a result of inflation. It’s just inflation hides in different places. For the past 20 years, inflation was trapped mostly in assets (bonds, stocks, RE), eventually all inflation chasing daily goods
Housing Market Crash Im waiting for this crash since Covid because I want to invest where is the CRASH !??!?
It doesn't exist
With all the debt that the government and everybody has the only option is to inflate their way out of it. I am an old guy. Back in the fifties when I was in highschool new homes cost between 8 and 12 thousand and gasoline was 21 cents a gallon. As always inflation will continue.
Inflation has sped up now!
I love watching shows from the 1950s. Diner scenes are the best. Signs on the walls are impressive. Cup of coffee 5 cents. Ham and cheese sandwich 75 cents. I was at a flea market. A guy was selling a Brooklyn Dodgers ticket from 1953. the admission was 85 cents.My smartphone has a dollar sign but no cents sign😂.
Back in 90s at the end of Soviet Union, the inflation was so bad that a pay-check would made you a millionaire. Then government would print new money just to remove zeros. And, economy went to natural economy mostly, where goods and services were exchanged.
I can't believe the Teslas Mike has had! He must has dollar cost averages gold and silver with the fuel savings!
@@denniscosban6145 The 1950's was a time of hope for every American..to work towards and achieve the 'American Dream'. That dream has been crushed..it does not exist anymore for the average person. All of our problems in this country started in 1913 when the Central Bank failed and the Federal Reserve was created by the same folks that even today still reap financial benefits from EVERY American. Yep the banks and the holders to this day get 6% right off the top for themselves. Look up the history of our country and how the same upper echelon tried, succeeded, failed and eventually prevailed in 1913 to control our nation and all its people even to this day..The Federal Reserve.
We live about an hour north of Boston in a small town area in Essex county. The median household income is around $86K. The typical SFH price is $725K. Rent on a 2bed apartment is $3K. The math just doesn't work.
The math ain't mathing. #Taraji
86,000 my average income over 10 years is 15,000 and I have spare money
Great Interview Todd, thanks for having Mike on, very informative.
So great to see you Mike. Would love to give you a hug as I've learnt so much from you during these last eight years. You have a knack of explaining things related to the financial sector which most people would find hard to understand.
59:30 the bank failure chart is scary......
Crash seems eminent - but never happens - Properties right next to mine still selling for high prices and stock market is at all-time high - takes a lot of patience to wait for the crash.
If you have a few lifetimes eventually every doomer will be correct. There were people predicting the fall of the Roman empire from day 1. Eventually they were right. Just took almost a 1000 years.
Same scenario right before the 2008 crash. I you look back throughout our countries crashs' the same scenario play out. Things are good and then comes the crash. He showed it on one of his graphs.
Very good information to educate all of us to be aware of what is going on in our world financial system. So, we can be careful and prepare for what could happen to our world financial problems.
Thank you, very much for educating to all people👍Merry Christmas & HappyNew Year 2024🎉💖💐🎊
This is the most informational video out there to date on whats going on and what to do.
As a poor retiree (rent poor after losing my nestegg and house to medical debt), I believe everything you've explained and I can only pray for a miracle to escape the country altogether with my pets before we starve to death on the street. I've already had to sell the car. 🙏😢 After working for 50 years, I am completely disgusted being stuck here.
I had to move back to my mom's house to help her out cause she was doing bad financially and getting food boxes from the food pantry
@eriq54321 at least you are assisting your mom...most don't care
It’s a lot worse in the United Kingdom, here back in the seventies and early eighties and historically speaking the average home price was around three (3) to three and a half (3.5) times the average annual wage or salary whereas now it is around eleven (11) to thirteen (13) the average salary making it almost impossible for the vast majority of young people to even contemplate getting on the housing ladder. So if the average wage was £20,000 then the average house was £60-70k but now if for example we take the average wage as £40k then the average house would be between £440k and £520k, unbelievably expensive and out of reach for most except the rich.
I get it but why haven't they collapsed. Obviously there are enough "rich" people to prevent a massive drop in price.
Impossibly low interest rates for a decade, immigration upping our countries population by a massive amount, very restrictive planning permission laws, noone young entering the trades because its too hard
Why do Americans always compare the USA to the UK?
Ridiculous
California alone is 36 times the size of the UK.
The USA has a population of approx 350m
While the UK has a population of approx 65m
It’s like comparing water melons to peanuts 🤷♀️🤷♀️
Also the majority of homes in the USA IS out of reach for most people
So what’s the difference between here and the UK??
@@Saywhatyoumust higher wages, lower prices. Standard of living has declined in the UK. The difference in purchasing power and overall quality of life is significant, stark even.
Wow! Mind blowing episode. Mike Maloney as always, wealth of knowledge!
Great interview this. I love the fact that you're introducing your subs to alternative reporting and how it influences the real estate market.
At the same time you're helping folks to understand that not only is real estate real wealth, but also other physical assets especially commodities and precious metals such as gold and silver. Keep up the good work. Love what your channel has become in the past 12 months!
I think you'd be the guy to share with us the overview of how to purchase a residence (or really any real estate asset) "well". In other words you can never make money on the sale of real estate if you didn't buy it well. Buying at the top of the market makes it so that you have many disadvantages if and when you need to borrow against or otherwise liquidate the real estate asset. Helping people to understand The lesson that you need to buy it well in order to make money or to sell it well is an important one I think.
Awesome discussion. Mike has had it right for a very long time. Great work!
Hey Todd, You are absolutely crushing it! You might have to rebrand your channel to include things other than real estate. I started following your channel because I liked your RE content and transparency. You’re now on another level! I love the additional finance content. Well done sir!
Good interview a bit long but 2x speed helped.
Great Todd and Mike!🌞
So glad I found you! I have been on a educational journey wanting to learn more about money! As a self employed RE Broker, I needed to take time off to be a caregiver to my husband with Parkinson's. Again, so appreciate you and your guests.
At the 30 minute mark, Mike shows the graph "Hours Worked to Buy the S & P" it pretty much looks like the effects of going off the gold standard back in 1971 on full display.
Great research, charts and dialogue. Thanks guys!
1st class interview with Mike, well done
Thank you so much for taking the time to give us the info!!!
What a great show! Thank you very much for the valuable information. 😊
Superb video, very informative and clear like water for most of the viewers to understand!!! Thank you Todd and Mike !!!
I can't see how average people can even keep up with the property taxes each year at the new home cost of averaging $600,000 cost. At 1.5% that is $9,000 a year to pay property tax on the new home and not counting the higher interest on their mortgage payment.
Thanks for all this information
That was a really good interview. Mr. Maloney explained things well & made it easier to understand with the charts.👍
Outstanding information here. Thanks for this!
Wow.. this was very informative and a great synopsis from both Mike and Todd.
Sachs realty best channel!! Thank you for all the information.
Great video. I really enjoyed Mike Maloney's chart and our current debt and growth analysis. I used to live in the Phoenix area during the housing crash and I saw mass panic, foreclosures and short selling. I hate to think of it being that bad again or even worse.
It won’t happen again anytime soon, thanks to high inflation (currency devaluation).
My takeaway was at the very end: economics is everything for a better world. In economics, it's NOT a zero game. All can benefit and work together for individuals and nations! Your guest is really inspiring. Even at one point, he refuses to be drawn in that China has been the cause of US's problems as he knows it's not.
Thank you Todd for the great reports😊
You have done alot of great and informative interviews but this is mos def probably one the most informative and one of my favorite!🤙🏽
This man couldn't answer a question asked by The Host instead of acting as if he was a genius in all things he chose to be honest and say he didn't know he has earned my total trust and I will follow him thoroughly😊
Thank you for sharing this video. Mr. Maloney makes the complicated financial global economy comprehensive for me. He give resources and solutions to the problem without saying “here’s the safest place.” He give history and facts. Thank you 😊
This was very educational 🙏🏾
This comprehensive explanation makes total sense. Thank you Mike!
Great video, but it didn’t really give us any information about what we should do. Which was very disappointing to me.
Always been told that what runs this country in small to midsize companies not Microsoft Apple NVDA - middle class and smaller companies are hurting yet the stock market is way up!
It's all lies these companies are doing well I'm heavily invested in the stock market with no regrets. 2024 is going to be an awesome year the economy is booming were there a few companies are not are running the stock market who cares people on the market are making money hand over fist as long as you're infested in the right stocks😅
@@Noworries-PU7ye Which stocks are 'the right stocks'. Thanks
@@Noworries-PU7ye 'right stocks" til it crashes
Mike Maloney is a sage.
Todd great interview with Mike, discussing the multiple bubbles we are facing going forward,,
Mike Maloney does an excellent job of explaining how the economy works, what debt is and what real money is. Todd, you should do a huge conference and show this while video to your audience.
Just when I think I've seen your best video, you release a better video. I love Mike M. and his take on things, though it is quite scary. Keep up your great content.
Great information. Thanks kindly.🦁
This was great! Thank you!
I enjoyed the show, but there probably was an aspect, that was left out. If there will be a huge correction of asset values to the downside, measured also in currency-valuation and by margin calls leading to a liquidity crises, wouldn't it be wise to keep also a certain amount of cash?
Thanks, Todd!
Mr.Sachs, I have listened to your show a few times in the past. I Finally subscribed. Mike Maloney is a legend, almost as big as Ted K. He has helped me prepare for the biggest crash in generations. I spent time overseas and was exposed to a failing east German currency. Mike helped me understand what happened and made very sound comparisons to what's happening to our own dollar. Thank You Both.
Amazing speakers. Great job. Ty for all the great info and all your hard work.
Thanks, Todd. Another great video. Would be great at the end if you ask these experts what the average Joe should be doing to protect themself or prepare. Purchasing gold isn’t really an option for most right now.
Its not an option for most because they are afraid to take control of their own money. 401k's feel safe, and that is where everyones money is
@@thedot66 Half the population made under 40k a year last year. 68 % live paycheck to paycheck. They don’t have 401ks and they don’t have 2k for one ounce of gold.
The best thing to do is buy equities from now and throughout the rate cuts. As soon as rates are .75 lower, short equites. Get ready for the collapse of a lifetime.
@@JB-ip7eh yes but people do have the means to learn how to grow their own food. If you can be a food provider, you will be in a very good position when this all goes down.
❤🎉😊No one can afford $2K OZ of Gold but most can certainly afford $25 to $30 OZ
of Silver.That’s what Rich Dad,Poor Dad-Robert Kiyosaki has been saying all along.
If you have some money in fiat currency
you can buy physical gold or silver which are real money.❤🎉😊Shalom!!!Shalom!!!
Shalom Everyone!!!Amen!!!❤🎉😊
There is no rule that housing be affordable by any group. If there are buyers at any point, the prices are good. In the desirable markets there are more buyers than homes. The markets where there are more homes than buyers the prices will go down. When boomers start moving to other housing arrangements either they will sell, or rent them out. Some will be bought by investors. In Europe home ownership is far more rare than in the US has been. It is not clear which way we will go.
This only works if loanable funds are made available. Loans support the pricing. The last real estate crisis showed us that.
Thanks for the open eyes ❤
Very informative ❤
I agree with Mike. You're curiosity is opening horizons and making your core value as a Real Estate professional higher.
If home prices go down by 50% I'm going deep into real estate
It might go down but 50%🤷🤷
For any normal market, based on what houses actually sell for.......it won't even be close to 50%. Just My opinion but these shock jock things are meant to sell books, get clicks, etc.... when they are wrong which is most of the time.....they are quite.
I don’t think the dollar will double in purchasing value.
Yes I will as well but remember, everyone will say how horrible real estate is. People will be losing jobs. Banks will close. When people are scared, they won’t buy.
I was listening to a real estate agent who has a buyer after 2008 in Arizona who was interested in a $90k house. Originally it was listed for $365,000. He didn’t want to buy it for $90k because he thinks prices will continue to decline. He wanted it at $70k
One of the best episodes yet!
Thanks, like the Realstate and Financial info. Great combo!
Same thing everyone had said the last 10 yrs
Thx for having Scott Walters brother on 🙂
Thank you for sharing and keeping it simple for many to understand
Great interview. I've been following Mike Maloney for about 15 years. He is a very intelligent person. It's only a matter of time that metals will have their day
Yes, Fiat Currency is the biggest scam ever and everyone who looks at money honestly knows gold and silver are real honest money! But our Courts have joined with the Scammers in this instance so most who try to fix it wind up on the wrong end of the corrupt law. Only when an educated public who know and are willing to step up and stand for truth and honesty in government and do something about it will it change.
Gold is getting bigger right now.
he will be dead before silver outperforms anything
@@arresthillary9502 Who knows, I hear that gold is going up quite a bit now.
Since your handle is Arrest Hillary it made me think why does Trump have 80
charges on him and she has zero, and is at home with no worries.
Oh yeah I forgot they only go after popular Republicans.
😲😡
Housing = Gold you can live inside of...
only if it's maintained.
And only if you can service the debt comfortably.
@@rnt45t1😂😂😂😂 house that are tear down grade are going for $200,000 near me
@@rnt45t1 amen. UA-cam rocks. You can peel and stick a new roof over the weekend that lasts 30 years and restucco yourself, after rebuilding your engine on your car.
Great conversation with easy to understand data. Thank you . Well done
Very informative , thanks 🎉
To keep the bubble going, they will start issuing 40 and 50 yr mortgages to keep payments affordable. Who would have imagined 10 year auto loans.
Sweden has 104 year mortgages and a few years ago passed a law banning 140 year mortgages. Pretty crazy.
Yup 👍
@@ktg8030doh😮
Banks can’t afford to do a 40 or 50 year mortgage.
If you think about it, there’s heavy diminishing returns for banks after 30. They have to charge a HIGHER interest rate or they will NEVER see that money back ever again.
The government will do the 40 & 50 year mortgages.@@Kurplode
Excellent guest. I have heard Mike before but it’s always great to get his current thoughts
Well done. Thank you!!!
Very interesting! Thank you!
Wait until the commercial RE starts to collapse and I believe it already has
What a great video. So informative. Definitely a wealth of knowledge.
Thanks for the input you truly go above and beyond speaking the facts Thanks 🙏🏻 Keep doing what you are doing.
That was excellent! Thank you so much.
This man knows what he talks. In the comments you can observe the depression in the neglecting comments of the storyline. Gonna be hard.
I don't believe there will be a crash in parts of New England due to the extremely limited inventory. Supply and demand is still a thing and with enough people willing to be ripped off prices just won't come down with people locked into rates below 3%.
Great interview 👍
Couldn't you argue that the jump from 4:1 income to house price ratio to 7:1 is attributed to dual incomes which weren't as common historically?
This is what the Financial Analysts leave out of its economic data that's based on posterity economies from DUAL INCOME HOUSEHOLD EARNERS, not from historical financial data and past household earning measurements!
@@Ac_Adapter True! Only after the 1960s that more and more women started going into the workforce competing with men and corporate analysts started noticing women's personal purchasing power independent of men were on the increase thats when things shifted in the economy thereby prices on goods, fees, and taxes began to rise to unprecedented levels in America.
---------
Thanks for sharing your comment.
What needs to be done is to confiscate the equity transferred by inflation theft and return it to the people it was stolen from.
All debt is inflationary. Your neighbors borrowing for homes, cars, education, health care, etc needs to stop. That's the solution. Or a major crash in all assets, but the FED can't allow that cuz the government is afraid of socialism.
WORD. That's my lifetime of Labor.
Abolish income tax and replace it with land value tax.
So give back America to the South American People and give back ALL the gold and diamonds that USA stole from Africa?? I'm wit it!!
You are so right it is indeed an evil economic system.😊YES A SATANIC
SYSTEM,A BABYLONIAN SYSTEM!
Great Interview and Thank you ☺️ very much!!!
2nd time listening. It just keeps getting better and better. Todd, this interview format is a winner. We still love Ms. Melissa, too. Thank you, sir.
Absolutely brilliant episode Todd. Working my way to being able to say to Mike 'Howdy neighbor". Totally agree with his thesis.
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
I like Mike Maloney… been listening to him and Peter schiff since 2009.
Unfortunately, they’ve been talking this doom and gloom, and everyone needs gold and silver. Looks like they’ll be dead before that happens.
I own 35 ounces of gold…just in case.
They're both right and will be proven soon
@@saltydog1196 I hope they’ll be right… now that I’m rich from owning a bunch of paid off Real Estate they preach against. I’m going out today to go buy five more one ounce gold Buffaloes at spot price from a friend who needs the cash to buy a motorhome for his kid to live in. Lol…ironic how people are letting go of gold, to give someone a place to live. No crash coming anytime soon.
They'll find a way to take it from you before you can profit from it.
"You'll own nothing..." NOTHING.
@@leeslees65lol..I seriously doubt that.
You clearly watch too many movies…
“MOVIES”!!😂
@buildingbuildercip8292 no, actually I read and believe in the truth of the bible. How about you?
Really informative
This haz been Awesome! THanx So Much, Yawl! Peace.
50% drop would only put prices back to 2020 ....market will crash 50% from that
Sorry to say this but it only crashes on UA-cam 😂. 50%!? You think housing market is a potato 🥔?
Love your channel
I sold property at beg of 2022 because i felt it was a huge bubble. A bit unsure how to navigate but listening to u is hopefully helping 🙏🏻. I agree massive bubble w all aspects.
You're smart 👍🏻
I sold mine end of 2022 (completed early 2023) but I'm in the UK and we seem to be tracking 6 months behind the US currently.
I wasn't familiar with 'primary dealers'
Thanks, Mr. Maloney!
Great show. Subscibed!
I've been waiting for over a decade for a correction, some of my friends said "F#ck it" and recently purchased a house. We're all going to look like either genius's or a morons in the next year, this is getting very silly.
Right here with you, haven't put anything in the stock market for over a decade, feeling kind of foolish.
We're screwed either way. Totally rigged system. You can buy an expensive house with a low interest rate or a cheap house with a high Interest rate. Either way, you'll never own the house 😂
Sorry to say this but you may wait another decade, coz you can’t speculate housing Market. You friend will probably be a winner coz rate cut means more buyers next year. Nor do you control Fed’s reprinting if we get in to recession?
It’s not good to be nice and responsible person in America anymore. You need to be reckless just like our government.