@eddieloujones2673 For many they pick what bills to pay and what bills to skip each month. It’s all catching up as anyone can see in the delinquency reports.
@@ghostnotes5667 Record high credit card debt right now and alot of people taking out HELOCS to stay afloat for awhile at least. I heard from multiple scources that over 80% of Americans can't cover a $400 unexpected expense.
16 днів тому+15
They say recession it means depression... they never fully admit stuff.
The middle class is disappearing. More renters with only the extremely wealthy owning all the assets is the end result. This is because of politician’s inability to allow a correction to take place.
It's not the politicians "inability" to allow a correction to take place, because that was their plan all along. The politicians don't care about the middle class, and are in fact purposely bringing it down.
Yep. I’m a xennial (82’) did all the right things to be “successful” except I had a divorce wipe me out financially and haven’t been able to recover like I thought I would have been able to with inflation.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
Sorry! But this is important. As a woman I have begun to build every skill set possible; carpentry, plumbing, one-off mechanical design for wood stove, redundant heating/cooking systems, solar(sun & 12 volt), concrete (poured wood stove pads into forms on dining room floor tarp) and chop my own wood. People may laugh but I'm building skills to remain sovereign and debt free. This is reality, no one is coming to save us.
I would like to know where to learn these skills? I sold my home, but I am looking for land and trying to go off grid and I need to learn these type of things. Where there certain books or websites you can direct me too? Thank you.
@@southernyankee2300 I recommend the book called The Complete Book of Self-Sufficiency by John Seymour. This book was originally written in 1976 and has been updated several times with the most recent edition from 2019. It’s available on Amazon for $34.99. That may sound like a lot, but it is a large hardcover durable book with illustrations. At almost 400 pages of amazing knowledge and detail on homesteading, wild foraging, brewing, energy and waste and crafts of skill, it is well worth it. I’d say buy it now before they raise the prices so that people can’t buy it. It’s an heirloom you can pass on to children.
@@southernyankee2300 right off the bat go to: Boss of the Swamp off grid homesteading. He knows just about everything. He & Lori are a treasure trove having built & lived all over the NE.
Yep. The Amish just want to live their lives. They don't advocate for some position associated with their lifestyle. PA dept of AG ought to be ashamed.
That's what I'm saying. When they go after people who just want peace, that's how you spot evil. The Amish are Christians. The politicians are possessed by demons and don't even know it. It's like how the antichrist gets used by satan. The politicians right now are being used by lesser demons. But any demon is still evil and awful. They hide though. They don't want people to know when they are possessed because then they would start looking for ways to get rid of the demon like casting it out in JESUS name. The politicians are possessed. They just don't know it. It's not lizard people, it's demons.
We don't need affordable housing we need housing to be affordable. I believe that is what you were getting at in this segment. That is my new saying because that is exactly what the problem is. We don't need affordable housing which equates to a 10 / 10 and charging 200,000. We need the skewed inflated $600,000 home that really is 200,000 to become that again.
Free housing for all would actually cost less but it would free the wrong people. You need jobs over people and bills to pay or freedom spreads to your enemies.
They are building affordable housing a few miles from me! Small 2 bedroom 2 bath at 750 ft for $2, 400 a month! Wonder why they can’t rent them! These investors seem very out of touch to me!
Dude really????? Check out apartments in Vancouver!!!!!! a 2 bedroom is $4000.00 @ month. And thats in a SHADY part of Vancouver like San Fran drug addicts homeless crawling over the place. A decent 2 bedroom apt in Vancouver No low life milling around is 5k to 6K @ month to rent. CRAZY CRAZY 1/2 of beautiful apartments in the WEST END of VANCOUVER ARE OWN BY Asians and nobody LIVES in them. Sad it really is.
2400 a month is stil insane for a rental. come at me with a 15 or 1600 a month for two bedroom still lil steep but that would be more affordable. Your supposed to only spend 30 percent on your housing situation which means you'd have to make $5k take home to male that work. sad times.
Huge corporations shouldn’t be allowed to buy houses and renting them out. Families, individuals, common people should have to compete with corporations
@@BradMitchellBrokerAssociate Regulations. Same way we keep everything else from spiraling out of control. Name one industry that isn't heavily regulated. Strict limits on non-personal ownership of residential homes. Companies can still buy apartment complexes and make bank if they want.
@@BlakeKasgaard that type of regulation doesn't exist is my point and if it did where would the line be drawn? Large companies already own the majority of the multifamily asset class as it is. If any such regulation were to take place the price of homes would drop so fast we would have to raise interest rates into the double digits to prevent the rental markets from crashing.
We did not have 35 trillion dollars debt in the previous bubbles. Homes are not expensive, the dollar continues to lose value. The nation will be a nation of renters, living to work, eat, drink to pay rent and taxes.
It will go back to the way it was before the Americas was. Colonized. The problem is the nature of the colonizers. They move to a place , they spoil it and move to the next place. When things get tough they go to war against other countries.
Property taxes need to be abolished.. Otherwise, you never really own your house, you just rent it from the county in the form of property taxes.. If you fail to pay your "rent", you'll soon discover who really owns the house you spent decades paying off.
@@somethingclever2I disagree.. You spend 30 years paying off your mortgage and then you owe so little as $1 USD in taxes and the county will send several badges and guns to throw you out of your house and give it so some a sshole who paid the tax at a tax auction.. There you are, 60 yo and living on the street or in a beat up old RV.. You have a point about income taxes.. We need a flat tax.. How much did you make? Send in 15% and that's the end of it.. While we're at it, put those lying, thieving, warmongering politicians on a balanced budget.. Run the government the way we run our households..
@@barsoom43zPeople who slaved away for decades to finally pay off their mortgages shouldn't have to worry about losing their houses because of property taxes.
Our economy is grappling with a multitude of challenges, including lingering uncertainties, housing market volatility, rising foreclosures, global economic fluctuations, and the lingering aftermath of the pandemic, culminating in widespread instability. To mitigate these issues, it is imperative that all sectors prioritize addressing the pressing concerns of escalating inflation, sluggish economic growth, and trade disruptions, and work collectively to restore stability and revitalize growth.
It's astonishing that our Congress seems out of touch with the sentiment of the American people. Many of us are frustrated and disheartened by the current administration's actions, which we believe are detrimental to the nation. I fear for the future of our country as countless individuals struggle to make ends meet, facing immense hardship and uncertainty. It's imperative that our leaders acknowledge and address the widespread discontent and suffering.
The incompetence and corruption in this government is becoming increasingly risky and ridiculous. I sympathize with citizens who aren't getting the help they deserve.
I truly sympathize with people with disabilities who aren't receiving help from anybody. Thank you, Katrina Charles, for seeing my $5,000 investments growing.
John fails to mention that the reason home prices always rose was because the fiat dollar has continued to lose value. So, the result appears to be rising home prices when it’s actually falling currency value. Also let’s not pretend the “ government” either cares or isn’t part of the plan. Coincidence is rare.
The government CREATED this situation when they decided the dollar should not be linked to gold anymore. That's when the money printer went brrrrrrr and it NEVER stopped since then.
Exactly. Things haven't gotten "more expensive." The dollar has lost its value. Say thank you to the private banking cartel known as the Federal Reserve and their puppets in the White House and Congress over the last sixty years.
Look at the dxy chart, the dollar did NOT fall as people are saying. Although the chart is turning now. The dollar has been on a tear higher for YEARS. It's NOT the dollar causing the issues. It's the debt
Airbnb started as a platform to rent out a room in your house, or your vacation home when you're not there. Then all sorts of other types jumped in and changed things. Too many people jumped in. For the most part, hotels do it better.
I agree. I think you should do what makes sense. If you have ten people with you, ABB might be worth it just because of cost. But I agree, hotels do it all better. And I’m not talking about super expensive hotels either. Middle of the road hotels are my choice most of the time.
@soniasbooks I will share not debate just to inform, I personally have friends 1 who lost her husband to cancer, no insurance no savings what has saved her and kept her afloat was airbnb 1 of the rooms in her home. She is able to make ends meet and is thankful everyday as so am I to see her be able to keep her home and still provide for her infant kids. There are several others w similar stories but I get your point so many jumped on the band wagon and ruined the market.. I m just thankful it is available for those who do need it as a source of income.
I can confirm this. In 2003, I worked full time for a large, private RE firm - one of my tasks was to read and analyze virtually all opinions related to the anticipated pop of the bubble. Like your agent, I predicted 2005. I then sold all my RE holdings, except my personal residence. I put my cash in tax-free municipal bonds. I was bearish by around 17 months, but I was well-positioned to reinvest in RE when the market hit bottom in March 2011.
Hurricane Katrina was the pin that caused the last bubble to pop and something big will start the next one. My guess is a world conflict Russia/Ukraine or Israel/Iran or China/Taiwan turning really bad will pop this bubble.
Forget Depression . Society Collapse . You can not do the same thing and expect different results . How Rome fell and the Weimar of Germany . Fed printed Trillion of dollars during Covid . Gold & Silver to survive this . What you have is what you will own . Crack up Boom . Dollar will collapse because no one will want them . Hyperinflation (50 % and above ) . When the Fed cuts rates again it will start .
Apparently, it _IS_ hard to figure out, because it's not the government that is the problem, it's the CORPORATE CAPTURE of the government that's the problem. Blaming the government is like blaming the broken fence that fails to keep the wolves from getting at your chickens. The thought that the best fix for this is to tear down the fence is ludicrous.
@@cultleader3572 Boomers , WTH do they have to do with it? Most seniors cannot afford to move now, even to downsize, they can’t make enough money to buy another property even if their house is paid off! Buying another property at these prices increases your taxes and home owners insurance! Most seniors are living in poverty !
Social Security is an "entitlement" because we are ENTITLED TO IT. I've been working for the last 45 years, paying into it all that time. I'll retire, probably, in about 5 years (when I turn 67) and I won't touch the principal of all that money that I put into it. So, yeah, I AM entitled to _AT LEAST_ the interest of the money I put into that system. It REALLY pisses me off when people cast Social Security as a "government handout". F@ck you! They took a substantial amount of my money for the last 45 years. I'd be HAPPY if they just gave me that principal back and they can keep all the interest that money has (or should have) earned.
Well not financial advise, but I strongly advise you to start taking ss asap. Kinda sucks to pay taxes on it but I think the math works for taking it sooner.
@@JohnDoe-np3zk -- _"but I strongly advise you to start taking ss asap"_ -- I'm working at a job that pays me $130k and gives me enough time during the day to build my real estate business. If I quit that job and start taking SS, I would go bankrupt. You are a moron.
And the rest of us will rent tiny boxes and eat bugs. But I for one will not be happy about it. We're almost in the Hunger Games now. I wish I could step into an alternate universe where someone somehow prevented nine eleven because after that, things started to accelerate for the worse and now we're standing at the edge of the abyss. One little push and it's game over for everyone. The next bright light we see won't be the sunrise.
Have Faith in JESUS. If we do see that bright light, JESUS will take us home to Heaven where the houses and food are free ❤️ don't fear nukes. Fear the LORD GOD ALMIGHTY. ❤️❤️❤️
If you think folks were mad at the bipartisan bail-out of Wallstreet in the GFC, wait until we bail out private equity firms that own all the home. 😂😂😂
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
that would be rediculose. multi generational households is bullshit, all it is lower living standards. we should never accept that as a country, we are better than that!
@@user-ud6ri7qg5b Exactly! Sad state of affairs where we are today. Disgusting the debt that’s been created and the percentage of our pay that goes to it.
@@clintonlunn4357 So your faith is in 911? Unfortunately having a gun is safer than waiting for 911. God gave us the means to defend and provide for our children as best we can.
@@JennyJeanLove one of my goals in life.is to rid myself of all tendies to have.faith in anything. Faith is useless. However, if I'm having a heart attack, it's been proven to me that seeking medical attention increases my likelihood of survival.
@@clintonlunn4357 You don’t believe in God? Why would you take the risk of that assumption of his non-existence, when clearly our lives are short compared to the knowledge of God that has been obtained for thousands of years throughout human existence. Is it because personal suffering that you deny God recognition on earth?
@JennyJeanLove I don't assume God exists and I don't assume God does not exist. I don't see evidence enough to prove it's existence so I don't believe...similar to how I don't believe in aliens.
It would be so refreshing if we focused more on helping each other rather than profiting from the inevitable crash when we all know this is going to be biblical and a lot of people are going to die/suffer from what's coming. Greed is what got us here people.
Poor people won't be able to help anyone. I would rather be in the position of being able to help others. The problem won't be having wealth, its a tool. The problem will be the human heart which is "desperately wicked above all things. Who can understand it?"
Guys y'all are talking about agents having there worst years ever as realtors . But the inventory is still really low . It's not even close to the GFC . Until we get a massive surplus of inventory there will not be a housing crash period .
Very, very informative. Todd Sachs, another great interview. John Rubino, thank you for the pearls of wisdom. It’s really difficult trying to talk with friends and family when they have no interest in these topics. They just live their lives.
There seems to be a lot of focus on pensions and social security and how there won’t be enough to fund these retirees, however no one is paying attention to the massive mortality rate that has spiked since 2021. It is being heavily censored. There are some physicians and UA-cam channels that are calling attention to it. You have more Millenials dying than soldiers in the Vietnam war. This is the big elephant in the room. You have high death rate among baby boomers happening, heart attacks , blood clots, organ failure and cancer has skyrocketed. But everyone keeps twiddling their thumbs. People better come out of this denial mode. They seem to have been adequately brain washed
Proverbs 3, 5-6: 5 Trust in the Lord with all your heart and lean not on your own understanding; 6 in all your ways submit to him, and he will make your paths straight.
2016 they didn’t think they had to defraud the people. And they weren’t prepared for DT to be elected. But yes, it has been a selection for many decades. But that doesn’t mean the people should disengage with the process. Covid, as an example, the intention was for an even bigger and permanent erosion of our rights, but too many Americans fought back. The internet became their downfall. Don’t stop fighting.
Got it , who again nominated constitutional justices that kicked back Roe v wade to the states deciding abortion ? Biden ? Who would have stopped millions of free stuff migrants in , funding an insane war against Russia ..Biden/harris…Not!! It was the other guy !
.....we already had a housing shortage before the entry of The 10 Million....where are they living? .....and who are they pushing either out or forcing others upwards toward higher costs....won't we be paying off our debt with cheaper, easier, inflated dollars?
There is no housing shortage. Know how I know? Look at lumber futures. They are tanking. The builders over built and they are sitting on a massive shadow inventory. Wait until folks figure that out.
So what’s the solution!🤔Cutting social security and Medicare to the detriment of our seniors who worked hard all their lives who now have to support their adult children who can’t find jobs because we outsourced jobs overseas ? Or stop sending money to all those different entities and countries who absolutely do nothing for US citizens except starting wars , wanting more money , not to mention illegal immigration with a huge expense for housing , food and healthcare ? It’s time to take care of US citizens! It’s not rocket scientist! it’s a common sense! 🇺🇸🇺🇸
One factor not mentioned are the millions of illegal immigrants who entered the US during the Biden administration. Tens of thousands of such families, once they secure the right to work, will be looking for a home, and Democrats have discussed programs to facilitate that. There is a dark side, however. In Houston cartel(s) have purchased an entire subdivision, and are now "selling" homes to jobless immigrants who will soon lose them, but not before handing over whatever meagre resources they have first as down payment and initial monthlies. The danger of scams, exploitation and worse is high.
The whole problem with the economy - not to mention the highly dangerous military adventures around the world, culminating just recently with a US led invasion of Russia - is the interference by government in every facet of life. In particular the meddling by the Federal Reserve with money printing causing inflation and interest rate setting, has caused no end of problems - all of which, if left alone, could solve themselves through normal market forces. In 1913, when the Fed was formed, Woodrow Wilson when signing the empowering legislation, is reputed to have said "my God, what have I done"??????
Before YT there where newspapers, back in the 70's I can remember full pages of absolute auctions, bank foreclosures and huge factories where everything was sold to whoever would pay the most regardless of price. I attended many of these sales where hotels, automobiles , trucks, boats and homes were sold for pennies on the dollar. Cash was king, you could acquire anything you want, if you had the money. Brace yourself for more of this.
People buying properties above asking prices with little equity makes me worry a housing crash. If prices decline, further layoffs and growing living expenses will exacerbate affordability issues and the possibility of foreclosures. I'm not sure how to reduce risk, yet I want to invest more than $500k.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Home prices, in my opinion, will need to decrease by at least 40% before the market can be considered normal. If you are unsure whether to buy a property or not, it is essential to get the advice of an experienced adviser for correct portfolio allocation. That's how I've managed to keep afloat for the past 5 years, earning approximately $1 million in return on investments.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The 1:26:00 ish discussion reminds me of George Carlin's old bit. "It's a big club. And you're not in it... Now they're coming after your social security money... and they'll get it, too.. Nobody seems to notice. Nobody seems to care..."
You have given us the best common sense discussion anyone is likely to hear! Do not lose courage to keep it coming. Because it's not just about real estate, obviously.❤
How long will it take for that friendly neighbor to do whatever it takes to feed his own family? We like to think that we’ll all help each other out, but that’s a delusion.
I think it's going to get real bad real fast while we are seeing in Florida and Texas because of more debt. Yes people may have low mortgages but that won't matter when they are already living paycheck to paycheck and facing potential layoffs.
Yes, I have two family members that sold their house. The people that bought bought with cash out of California one just sold to a person with cash out of Arizona. We are seeing a lot of this..
Excellent presentation. No big house for us. Peter Schiff said buying a house is a drain, due to maintenance, taxes, etc. Stuck, but not me. Boomers are in trouble living large....from the Ozarks on the lakes
Diplomacy is the way forward, but sadly, the West inc, usa (the global north) in general seems totally devoid of such individuals. Todd....The first casualty of war is the Truth.
Thank you for this thought-provoking and honest interview. Your interviews have become the centerpiece of my weekend mornings. Listening, sipping coffee, and planning my winter vegetable garden today - what a wonderful surprise when the topic became growing your own food! I felt like you were both right there in the kitchen having coffee with me! Great channel!
Electric vehicles use child slave labor and need to be driven 10 years to offset the emissions it takes to make them. It’s a scam. Buy a reliable used car if you can ❤
Perhaps this complicated multiple bubble situation can be simplified. The U.S. is $35 TRILLION in debt, the debt to GDP is 123%, and we're spending billions on endless wars. We have politicians speaking in fatuous platitudes and not solving problems. The situation seems insurmountable to me. I would love to be wrong.
Some might say this is just alarmist view. But ask yourself this. Does it feel like everything is about to go kaboom? I mean in every aspect of our society and the world. Yup Whether we like it or not, we are going back to multigenerational housing and adopt to less is more mindset.
Affordable housing means the government can steal our tax money, companies can grossly overcharge for subsidized apartments, and we the taxpayers get to fund a system that is designed to keep people in their place. Dependent on government for survival, and keeping the money flowing into the pockets of the rich and unconscionable.
We pay more to service the debt than it costs for national defense. And everytime that has happened the super power has fallen from grace. Now we just wait.
I feel like looking at the big picture and following the market for a while, we are being almost like rounded up and given no choice, but apartments and walkable communities. It sounds nice on the outside, but if you think about it, it’s easier to manage and control people When they’re all in one place rather than trying to control property after property house after house with distances. I’ll never forget the videos of China with people locked in their apartments and them screaming. I could never live there so I don’t want any ideas of theirs here on any level.
There's going to come a moment in the next 12 months, probably this winter, where as a society we have to choose between hundreds of thousands of people starving to death, or doing what is right. I don''t think this system will choose what is right.
John 4:1-6) "Beloved, do NOT believe every spirit, but test the spirits to see if they be from God, for many false prophets have gone out into the world. By this you know the spirit of God: Every spirit that confesses Jesus Christ came in the flesh is from God, and every spirit that does not confess Jesus is not from God. This is the spirit of antichrist, which you heard was coming and is in the world already. Little children, you are from God and have overcome them, for He who is in you is greater than he who is in the world. They are from the world, therefore they speak from the world, and the world listens to them. WE are from God. Whoever knows God listens to us; whoever is not from God does not listen to us. By THIS we know the spirit of truth and the spirit of error."
Todd, I really really implore you to start uploading your podcasts to a Rumble channel. I don't like giving views to UA-cam and I can listen to Rumble streams in the background of my phone and still be able to use my phone simultaneously. Plus, Rumble protects free speech. UA-cam can pull the plug anytime.
Money is created when a commercial bank makes a loan. Credit creation money. Professor Werner and Hanke have said money creation has tanked the last eighteen months. Eighteen months is the time it takes to show the effects of money speed up or slow down. September and October are traditional months for stuff to go south. Tick tock 🤔
Maybe it is time that you make a stand and voice your support for the candidates. It's time for more voices on who is best for this country. The danger of not speaking up is the reality of a very dark future. Just saying.
I like this guy John Rubino! thoughtful, contemplative, highly knowledgeable and experienced-- and he really "gets it"! If I were to follow anyone's recommendations about how to handle the next 2-4 years- it's THIS guy.
Gentlemen, agreed. The entire brain washing system has worked. Try to decentralize, not easy. I reclaimed through quiet title a GFC old rental that sat abandoned for 8 years with 5 banks and no one to serve. Black Pill moment. Catastrophic loss in retirement plans in 2012 could not account for small mistakes made by me. Now wood stove, no central electricity - portable solar, garden, food forest, cold water only for now. This collapse is real.
The flaw in John’s analysis is America has a limitless money tree to solve any short term problems. Any government related bubble is now solvable. Housing, banks, too big too fail companies. All are basically government organizations in a crisis.
The world is very different from even 2006/2007 we have 3 big funds holding onto the good properties while dumping under performing ones most people won’t be interested in. The zillows of the world and youtube shows are providing information like we never had. I believe wealthy families are giving more money to there siblings than ever before to purchase homes. I also believe those same parents will be the backstop for foreclosures and etc. all that said, when I break down the cost for new builds, it does not make sense. R/E is micro still hot in NJ but parts of Florida, Texas, and Arizona are crashing.
@@SachsRealty i’m not sure that we are not in a recession even as a text. Servicing the most affluent areas in New Jersey. I am amazed at the financial disparities between the upper and middle lower classes. Even today the amount of needs these wealthy people have are incredible. I’m a little bit older than you and I have been in the RE & construction business since 16 years old. I have seen a lot and lived a very attentive childhood in the 70s and 80s grandparents instilled the great recession on me as well. I would like to think I’m prepared heck I’m capable of living off the land whereas today’s youth have a hard time following directions on microwave popcorn.
I think you give the Boomers way too much credit. I think they are greedy (not all of course) and once we get a short downturn in residential real estate they are going to bail and that is going to cause a massive housing crash.
@@bpb5541 I believe more people then ever are versed in R/E investing. Books, TV shows, UA-cam, local real estate investing clubs all provide information and education not only to young adults but baby boomers as well. I’m not foolish enough to believe all will survive a real estate crash in there investment venue but more than ever will and probably thrive if properly diversified in varied investments. IMHO those in R/E probably have a leg up on those that choose not to be nor can afford to be in it. NO R/E is not the saving Grace but it can be an important piece… Lastly, R/E can be an awesome legacy wealth building tool for multiple generations.
Wow. When you mentioned the teachers, my neighbor got paid for two years during Covid to stay home. She felt so intelligent and entitled by her supreme degrees and had no empathy for other job categories that were shut down over night. They could easily be replaced by AI and their students could probably learn more by staying home. They are next for the rug to be pulled. They had 4 years to prepare. Right after they elect a democrat for their pensions and benefits
@@Resmith18SR Putin is not anywhere like trump. Putin is christian and actually live a isolated modest life, unlike this parrot that act like a hot air balloon.
100 million people in America can’t pay their bills. We’re already in a recession.
Yet housing is at all time highs. So somehow they are paying bills unless it's all forebearance.
@eddieloujones2673 For many they pick what bills to pay and what bills to skip each month. It’s all catching up as anyone can see in the delinquency reports.
It’s by design
@@ghostnotes5667 Record high credit card debt right now and alot of people taking out HELOCS to stay afloat for awhile at least. I heard from multiple scources that over 80% of Americans can't cover a $400 unexpected expense.
They say recession it means depression... they never fully admit stuff.
The middle class is disappearing. More renters with only the extremely wealthy owning all the assets is the end result. This is because of politician’s inability to allow a correction to take place.
It's not the politicians "inability" to allow a correction to take place, because that was their plan all along. The politicians don't care about the middle class, and are in fact purposely bringing it down.
Who was it that said, “You will own nothing. And you will be happy”?
Yep. I’m a xennial (82’) did all the right things to be “successful” except I had a divorce wipe me out financially and haven’t been able to recover like I thought I would have been able to with inflation.
What's middle class😮
Upward mobility is also disappearing. Opportunities are vanishing.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
Sorry! But this is important. As a woman I have begun to build every skill set possible; carpentry, plumbing, one-off mechanical design for wood stove, redundant heating/cooking systems, solar(sun & 12 volt), concrete (poured wood stove pads into forms on dining room floor tarp) and chop my own wood. People may laugh but I'm building skills to remain sovereign and debt free. This is reality, no one is coming to save us.
I would like to know where to learn these skills? I sold my home, but I am looking for land and trying to go off grid and I need to learn these type of things. Where there certain books or websites you can direct me too? Thank you.
@@southernyankee2300
I recommend the book called The Complete Book of Self-Sufficiency by John Seymour. This book was originally written in 1976 and has been updated several times with the most recent edition from 2019. It’s available on Amazon for $34.99. That may sound like a lot, but it is a large hardcover durable book with illustrations. At almost 400 pages of amazing knowledge and detail on homesteading, wild foraging, brewing, energy and waste and crafts of skill, it is well worth it. I’d say buy it now before they raise the prices so that people can’t buy it. It’s an heirloom you can pass on to children.
@@southernyankee2300 hi, would email work? I can send photos of books & links to channels to get you started. I use a combination of both.
Good thinking!
@@southernyankee2300 right off the bat go to: Boss of the Swamp off grid homesteading. He knows just about everything. He & Lori are a treasure trove having built & lived all over the NE.
This Gov harassing the Amish tells you who these people are
Yep. The Amish just want to live their lives. They don't advocate for some position associated with their lifestyle. PA dept of AG ought to be ashamed.
That's what I'm saying. When they go after people who just want peace, that's how you spot evil. The Amish are Christians. The politicians are possessed by demons and don't even know it. It's like how the antichrist gets used by satan. The politicians right now are being used by lesser demons. But any demon is still evil and awful. They hide though. They don't want people to know when they are possessed because then they would start looking for ways to get rid of the demon like casting it out in JESUS name. The politicians are possessed. They just don't know it. It's not lizard people, it's demons.
@@johnmcginnis5201 and produce the best non corporate food
(Biden/Harris)
exactly
We don't need affordable housing we need housing to be affordable. I believe that is what you were getting at in this segment. That is my new saying because that is exactly what the problem is. We don't need affordable housing which equates to a 10 / 10 and charging 200,000. We need the skewed inflated $600,000 home that really is 200,000 to become that again.
Exactly right
I agree but unlikely.
Yep “affordable” townhomes being built in North OC are 650k + and citizens don’t understand this when the city councils approve these builds
Corporate are sucking you dry most of the big boys don’t pay taxes. You absorb their taxes.
Free housing for all would actually cost less but it would free the wrong people. You need jobs over people and bills to pay or freedom spreads to your enemies.
They are building affordable housing a few miles from me! Small 2 bedroom 2 bath at 750 ft for $2, 400 a month! Wonder why they can’t rent them! These investors seem very out of touch to me!
So true. They started building prior to reality setting back in.
Where?
Dude really????? Check out apartments in Vancouver!!!!!! a 2 bedroom is $4000.00 @ month. And thats in a SHADY part of Vancouver like San Fran drug addicts homeless crawling over the place. A decent 2 bedroom apt in Vancouver No low life milling around is 5k to 6K @ month to rent. CRAZY CRAZY 1/2 of beautiful apartments in the WEST END of VANCOUVER ARE OWN BY Asians and nobody LIVES in them. Sad it really is.
insanity
2400 a month is stil insane for a rental. come at me with a 15 or 1600 a month for two bedroom still lil steep but that would be more affordable. Your supposed to only spend 30 percent on your housing situation which means you'd have to make $5k take home to male that work. sad times.
Huge corporations shouldn’t be allowed to buy houses and renting them out. Families, individuals, common people should have to compete with corporations
I agree. The problem is how do you maintain a free market and prevent that from happening at the same time.
@@fatma3238 or international rich shell companies and non doms… non dom should mean non house
@@BradMitchellBrokerAssociate Regulations. Same way we keep everything else from spiraling out of control. Name one industry that isn't heavily regulated. Strict limits on non-personal ownership of residential homes. Companies can still buy apartment complexes and make bank if they want.
A bunch of investors have bought family homes in las vegas.maybe 20 percent
@@BlakeKasgaard that type of regulation doesn't exist is my point and if it did where would the line be drawn? Large companies already own the majority of the multifamily asset class as it is. If any such regulation were to take place the price of homes would drop so fast we would have to raise interest rates into the double digits to prevent the rental markets from crashing.
We did not have 35 trillion dollars debt in the previous bubbles. Homes are not expensive, the dollar continues to lose value.
The nation will be a nation of renters, living to work, eat, drink to pay rent and taxes.
It will go back to the way it was before the Americas was. Colonized. The problem is the nature of the colonizers. They move to a place , they spoil it and move to the next place. When things get tough they go to war against other countries.
True & It's what most have felt / lived the past 4 years.
You will own nothing, eat ze bugs and be happy 😅
Exactly right
Print print print. It's just endless. Does the govt think it INCREASES the value of the $ somehow??? Maybe they just lack common sense
The government is the problem not the answer
Greedy people
Elected politicians believe that they are entitled to use our money and work life spam as they pleased. People money and sweat should be respected.
@@terryturner3050Greedy govt.
The USA is corporatism that has evolved into a sad, pathetic kleptocracy.
I concur. 😐
Property taxes need to be abolished.. Otherwise, you never really own your house, you just rent it from the county in the form of property taxes.. If you fail to pay your "rent", you'll soon discover who really owns the house you spent decades paying off.
Agreed. It's criminal and inhumane, the process is also fraudulent honestly.
property taxes are nothing we need to abolish income tax
@@somethingclever2I disagree.. You spend 30 years paying off your mortgage and then you owe so little as $1 USD in taxes and the county will send several badges and guns to throw you out of your house and give it so some a sshole who paid the tax at a tax auction.. There you are, 60 yo and living on the street or in a beat up old RV.. You have a point about income taxes.. We need a flat tax.. How much did you make? Send in 15% and that's the end of it.. While we're at it, put those lying, thieving, warmongering politicians on a balanced budget.. Run the government the way we run our households..
@@barsoom43zPeople who slaved away for decades to finally pay off their mortgages shouldn't have to worry about losing their houses because of property taxes.
@@chrislastnam6822 You are exactly right..
Our economy is grappling with a multitude of challenges, including lingering uncertainties, housing market volatility, rising foreclosures, global economic fluctuations, and the lingering aftermath of the pandemic, culminating in widespread instability. To mitigate these issues, it is imperative that all sectors prioritize addressing the pressing concerns of escalating inflation, sluggish economic growth, and trade disruptions, and work collectively to restore stability and revitalize growth.
It's astonishing that our Congress seems out of touch with the sentiment of the American people. Many of us are frustrated and disheartened by the current administration's actions, which we believe are detrimental to the nation. I fear for the future of our country as countless individuals struggle to make ends meet, facing immense hardship and uncertainty. It's imperative that our leaders acknowledge and address the widespread discontent and suffering.
The incompetence and corruption in this government is becoming increasingly risky and ridiculous. I sympathize with citizens who aren't getting the help they deserve.
I truly sympathize with people with disabilities who aren't receiving help from anybody. Thank you, Katrina Charles, for seeing my $5,000 investments growing.
WOW.! You know her too? Her technical analysis expertise has been a beacon of hope, especially during challenging market times.
That's great! Having a reliable source of information and support can make a big difference in one's financial journey.
My comments are constantly censored on UA-cam; think about that. “Truth is treason in the empire of lies.”
They censor me continuously!!
Same
How can you tell you've been censored? Your posting of comment disappears? I've heard it will appear to you but no one else.
@@midwestron8576 I get notified by UA-cam and told my comment has been deleted and I may not comment again for 24 hours
I know this to be true. It's happened t me more than once.
John fails to mention that the reason home prices always rose was because the fiat dollar has continued to lose value. So, the result appears to be rising home prices when it’s actually falling currency value. Also let’s not pretend the “ government” either cares or isn’t part of the plan. Coincidence is rare.
That may be some of it but the purchasing power of the dollar didn't half as home prices doubled.
It is a liquidity issue as easy money debt piled up.
The government CREATED this situation when they decided the dollar should not be linked to gold anymore. That's when the money printer went brrrrrrr and it NEVER stopped since then.
Exactly. Things haven't gotten "more expensive." The dollar has lost its value. Say thank you to the private banking cartel known as the Federal Reserve and their puppets in the White House and Congress over the last sixty years.
i think he understands that but there really is nothing he or we can do about it besides taking advantage of it and the system for yourself
Look at the dxy chart, the dollar did NOT fall as people are saying. Although the chart is turning now. The dollar has been on a tear higher for YEARS. It's NOT the dollar causing the issues. It's the debt
Airbnb started as a platform to rent out a room in your house, or your vacation home when you're not there. Then all sorts of other types jumped in and changed things. Too many people jumped in. For the most part, hotels do it better.
It became a cancer. Our current system and its demand for infinite growth until bubbles burst . . .
I would much rather stay in a 3/2 or 2/1 with family then a small hotel room. Business travel I agree and prefer hotels.
My last stay in a holiday in express hotel was disgusting …. Mattress had mildew and mold .
I agree. I think you should do what makes sense. If you have ten people with you, ABB might be worth it just because of cost.
But I agree, hotels do it all better. And I’m not talking about super expensive hotels either. Middle of the road hotels are my choice most of the time.
@soniasbooks I will share not debate just to inform, I personally have friends 1 who lost her husband to cancer, no insurance no savings what has saved her and kept her afloat was airbnb 1 of the rooms in her home. She is able to make ends meet and is thankful everyday as so am I to see her be able to keep her home and still provide for her infant kids. There are several others w similar stories but I get your point so many jumped on the band wagon and ruined the market.. I m just thankful it is available for those who do need it as a source of income.
In 2003 my real estate agent told me we were in a housing bubble and he was expecting a big crash in 2005. He was mostly right.
I can confirm this. In 2003, I worked full time for a large, private RE firm - one of my tasks was to read and analyze virtually all opinions related to the anticipated pop of the bubble. Like your agent, I predicted 2005. I then sold all my RE holdings, except my personal residence. I put my cash in tax-free municipal bonds. I was bearish by around 17 months, but I was well-positioned to reinvest in RE when the market hit bottom in March 2011.
Hurricane Katrina was the pin that caused the last bubble to pop and something big will start the next one. My guess is a world conflict Russia/Ukraine or Israel/Iran or China/Taiwan turning really bad will pop this bubble.
@@JoeJoeDogFace are you doing anything with your money that is currently in the stock market?
⚠️SCAM ALERT⚠️
he was right and no one was able to see it but we have learned a great deal from AIG in 2008. We are "not" in a bubble currently.
We have an educated population that has been brain washed
If you had an "educated population" Trump wouldn't have ever been elected -- and certainly not re-elected.
One trillion seconds is about 31,700 years. The debt is unpayable and the US dollar is dead man walking.
Forget Depression . Society Collapse . You can not do the same thing and expect different results . How Rome fell and the Weimar of Germany . Fed printed Trillion of dollars during Covid . Gold & Silver to survive this . What you have is what you will own . Crack up Boom .
Dollar will collapse because no one will want them . Hyperinflation (50 % and above ) .
When the Fed cuts rates again it will start .
Gold , guns , ammo and food boys
@@cultleader3572 And I hate to say, but probably grave plots.
@ronniem1477 no one need that. Backyard is just fine.
38000
Government is the problem !! Ain't hard ta figure out..
And boomers
Apparently, it _IS_ hard to figure out, because it's not the government that is the problem, it's the CORPORATE CAPTURE of the government that's the problem. Blaming the government is like blaming the broken fence that fails to keep the wolves from getting at your chickens. The thought that the best fix for this is to tear down the fence is ludicrous.
Actually corporate has a lot of hands in the corruption of real estate. Zillow just to name one.
@@cultleader3572 Boomers , WTH do they have to do with it? Most seniors cannot afford to move now, even to downsize, they can’t make enough money to buy another property even if their house is paid off! Buying another property at these prices increases your taxes and home owners insurance! Most seniors are living in poverty !
@cathyandresiak most of the people in government are boomers and boomers voted them in so ......
Social Security is an "entitlement" because we are ENTITLED TO IT. I've been working for the last 45 years, paying into it all that time. I'll retire, probably, in about 5 years (when I turn 67) and I won't touch the principal of all that money that I put into it. So, yeah, I AM entitled to _AT LEAST_ the interest of the money I put into that system. It REALLY pisses me off when people cast Social Security as a "government handout". F@ck you! They took a substantial amount of my money for the last 45 years. I'd be HAPPY if they just gave me that principal back and they can keep all the interest that money has (or should have) earned.
Well not financial advise, but I strongly advise you to start taking ss asap. Kinda sucks to pay taxes on it but I think the math works for taking it sooner.
Thank you. I feel the same exact way.
Completely agree with everything you said! 👏
@@JohnDoe-np3zk -- _"but I strongly advise you to start taking ss asap"_ -- I'm working at a job that pays me $130k and gives me enough time during the day to build my real estate business. If I quit that job and start taking SS, I would go bankrupt. You are a moron.
@@JohnDoe-np3zk Get it while there is still some to get.
The rich will become filthy rich, the wealthy wealthier, and the elites obscenely bloated.
The government protects the Elite& big corporate campaign donors, the middle class gets destroyed
And the rest of us will rent tiny boxes and eat bugs. But I for one will not be happy about it. We're almost in the Hunger Games now. I wish I could step into an alternate universe where someone somehow prevented nine eleven because after that, things started to accelerate for the worse and now we're standing at the edge of the abyss. One little push and it's game over for everyone. The next bright light we see won't be the sunrise.
@@Lexxie45 well put.
Have Faith in JESUS. If we do see that bright light, JESUS will take us home to Heaven where the houses and food are free ❤️ don't fear nukes. Fear the LORD GOD ALMIGHTY. ❤️❤️❤️
They gotta have a yacht big enough for their helicopter 🚁 😉
If you think folks were mad at the bipartisan bail-out of Wallstreet in the GFC, wait until we bail out private equity firms that own all the home. 😂😂😂
Exactly 💯 because they are owned by mainly politicians
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
I keep hearing a lot about Mis. Tracy Britt Cool Consulting O'Reilly, she must be really good
Rabino really articulates the situation well, as usual.
Everyone in America will move back in with their parents... The USA might have to start living more like the rest of the world does.
Well I don’t know many 30 year olds that hope to do that.
that would be rediculose. multi generational households is bullshit, all it is lower living standards. we should never accept that as a country, we are better than that!
Well! I AM THE PARENT! Where do I go?
@@user-ud6ri7qg5b Exactly! Sad state of affairs where we are today. Disgusting the debt that’s been created and the percentage of our pay that goes to it.
The rest of the world?
Excellent statement, “Trust is something that should only be given to God.” ❤
God is the last place I would place trust. If someone is breaking into my house, I don't pray, I call 911.
@@clintonlunn4357 So your faith is in 911? Unfortunately having a gun is safer than waiting for 911. God gave us the means to defend and provide for our children as best we can.
@@JennyJeanLove one of my goals in life.is to rid myself of all tendies to have.faith in anything. Faith is useless. However, if I'm having a heart attack, it's been proven to me that seeking medical attention increases my likelihood of survival.
@@clintonlunn4357 You don’t believe in God? Why would you take the risk of that assumption of his non-existence, when clearly our lives are short compared to the knowledge of God that has been obtained for thousands of years throughout human existence. Is it because personal suffering that you deny God recognition on earth?
@JennyJeanLove I don't assume God exists and I don't assume God does not exist. I don't see evidence enough to prove it's existence so I don't believe...similar to how I don't believe in aliens.
It would be so refreshing if we focused more on helping each other rather than profiting from the inevitable crash when we all know this is going to be biblical and a lot of people are going to die/suffer from what's coming. Greed is what got us here people.
Pride. The deadliest sin
No, ignorance and trusting a corrupt government is what got us here.
prepare yourself
Poor people won't be able to help anyone. I would rather be in the position of being able to help others. The problem won't be having wealth, its a tool. The problem will be the human heart which is "desperately wicked above all things. Who can understand it?"
You can't help anyone if you're broke and homeless.
John is right.. it’s urgent strategic planning time, We’re truly unprepared!
If we live another few years we will be here to see the collapse of the Everything Bubble in the U.S. and see what ensues. Its not going to be pretty.
The Bubble is the Boomers. The largest single generation customer base ever born. And soon will be extinct. Very soon.
Todd, thank you for always shooting us straight. Thanks for the great guests.
Thanks Joe for the comment. Appreciate you. 🙏
@joejones4296
shooting straight...not, "shooting us straight"
Guys y'all are talking about agents having there worst years ever as realtors . But the inventory is still really low . It's not even close to the GFC . Until we get a massive surplus of inventory there will not be a housing crash period .
Crash videos make too much money to say this truth. FED is already beginning to pivot.
@@journey2harmony_LLCgonna hope inflation wont shoot up. Though im betting that inflation will rise again
I love this guy he thinks exactly the way I think I cannot get enough of him I need a friend like this at all time I'm happy I found him on UA-cam
Rubino has a good Substack. I subscribe.
Very, very informative. Todd Sachs, another great interview. John Rubino, thank you for the pearls of wisdom. It’s really difficult trying to talk with friends and family when they have no interest in these topics. They just live their lives.
John has a good Substack as well. The fee is wel worth it, IMO.
There seems to be a lot of focus on pensions and social security and how there won’t be enough to fund these retirees, however no one is paying attention to the massive mortality rate that has spiked since 2021. It is being heavily censored. There are some physicians and UA-cam channels that are calling attention to it. You have more Millenials dying than soldiers in the Vietnam war. This is the big elephant in the room. You have high death rate among baby boomers happening, heart attacks , blood clots, organ failure and cancer has skyrocketed. But everyone keeps twiddling their thumbs. People better come out of this denial mode. They seem to have been adequately brain washed
I WISH MY FRIENDS WERE ABLE TO HERE THIS MAN,ONE OF THE FEW WITH A BRAIN
Why can’t they. Or… why won’t they.
I think it would be better if your friends could HEAR him, because, like it or not we have arrived HERE!
Send them the link
Why are you yelling?
But no balls to pick a side. Freedom/ MAGA or Communist /Democrat
Illegal immigrants get our social security and Medicaid … let’s get honest!!!!
How is this being allowed. Total insanity!
Frickin unreal. Free money for houses. Wheres the outrage!!@bigb6046
BS
Slavery never did end; it just morphed to include the American working class!
The American working class is the donkey 🐴 carrying everyone, except for the people who built the system!!!
Presidents are selected not elected by the people, no matter the party.
Proverbs 3:5-6
Proverbs 3, 5-6:
5 Trust in the Lord with all your heart
and lean not on your own understanding;
6 in all your ways submit to him,
and he will make your paths straight.
Guillotines for political parties
2016 they didn’t think they had to defraud the people. And they weren’t prepared for DT to be elected.
But yes, it has been a selection for many decades. But that doesn’t mean the people should disengage with the process. Covid, as an example, the intention was for an even bigger and permanent erosion of our rights, but too many Americans fought back. The internet became their downfall. Don’t stop fighting.
Got it , who again nominated constitutional justices that kicked back Roe v wade to the states deciding abortion ? Biden ? Who would have stopped millions of free stuff migrants in , funding an insane war against Russia ..Biden/harris…Not!! It was the other guy !
@@NewCreationInChrist896 New Age Scripture. But the commenter is on point
.....we already had a housing shortage before the entry of The 10 Million....where are they living? .....and who are they pushing either out or forcing others upwards toward higher costs....won't we be paying off our debt with cheaper, easier, inflated dollars?
They live 6 to a 2 bedroom
@@chriswright6447 same way where they came from.
@@chriswright6447 Even more than that.
There is no housing shortage. Know how I know? Look at lumber futures. They are tanking. The builders over built and they are sitting on a massive shadow inventory. Wait until folks figure that out.
So what’s the solution!🤔Cutting social security and Medicare to the detriment of our seniors who worked hard all their lives who now have to support their adult children who can’t find jobs because we outsourced jobs overseas ? Or stop sending money to all those different entities and countries who absolutely do nothing for US citizens except starting wars , wanting more money , not to mention illegal immigration with a huge expense for housing , food and healthcare ? It’s time to take care of US citizens! It’s not rocket scientist!
it’s a common sense! 🇺🇸🇺🇸
@@reneeimage3879 but how are our “essential politicians” suppose to launder money?
the solution is both! elminate social security, medicare, and foreighn millitary spending!
definitely valid points of concern.
One factor not mentioned are the millions of illegal immigrants who entered the US during the Biden administration. Tens of thousands of such families, once they secure the right to work, will be looking for a home, and Democrats have discussed programs to facilitate that. There is a dark side, however. In Houston cartel(s) have purchased an entire subdivision, and are now "selling" homes to jobless immigrants who will soon lose them, but not before handing over whatever meagre resources they have first as down payment and initial monthlies. The danger of scams, exploitation and worse is high.
Americans will have to hunker down, do without or with less, and take the right measures to right the wrongs, and rebuild this once great nation.
How about instead of Make America Great Again, Make Americans Great Again?
That ended in 2007. That was when American's sold their soul to the devil.
Americans were never great. Just a bunch of global bullies.
A solid start !
Notice how the bottom falls out when this bmr generation running things
The whole problem with the economy - not to mention the highly dangerous military adventures around the world, culminating just recently with a US led invasion of Russia - is the interference by government in every facet of life.
In particular the meddling by the Federal Reserve with money printing causing inflation and interest rate setting, has caused no end of problems - all of which, if left alone, could solve themselves through normal market forces.
In 1913, when the Fed was formed, Woodrow Wilson when signing the empowering legislation, is reputed to have said "my God, what have I done"??????
Before YT there where newspapers, back in the 70's I can remember full pages of absolute auctions, bank foreclosures and huge factories where everything was sold to whoever would pay the most regardless of price. I attended many of these sales where hotels, automobiles , trucks, boats and homes were sold for pennies on the dollar. Cash was king, you could acquire anything you want, if you had the money. Brace yourself for more of this.
People buying properties above asking prices with little equity makes me worry a housing crash. If prices decline, further layoffs and growing living expenses will exacerbate affordability issues and the possibility of foreclosures. I'm not sure how to reduce risk, yet I want to invest more than $500k.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Home prices, in my opinion, will need to decrease by at least 40% before the market can be considered normal. If you are unsure whether to buy a property or not, it is essential to get the advice of an experienced adviser for correct portfolio allocation. That's how I've managed to keep afloat for the past 5 years, earning approximately $1 million in return on investments.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The 1:26:00 ish discussion reminds me of George Carlin's old bit. "It's a big club. And you're not in it... Now they're coming after your social security money... and they'll get it, too.. Nobody seems to notice. Nobody seems to care..."
They ALREADY stole it, 1968 "Unified Budget", broke the lockbox on SS, and govt has borrowed all of it out, filled it with OIUs.
Americans spend too much. I remember those times without electricity and we survived just fine because we were prepared.
Brilliant man... such common sense... ❤
Coffee with Todd on a Saturday morning baby!!!!!!!
Let’s go!! 💪
You have given us the best common sense discussion anyone is likely to hear! Do not lose courage to keep it coming. Because it's not just about real estate, obviously.❤
If you do all the right things your neighbors will attack you because they did not do the so called right things … crimes will skyrocket
How long will it take for that friendly neighbor to do whatever it takes to feed his own family? We like to think that we’ll all help each other out, but that’s a delusion.
Very, very true.
🤣
It is skyrocketing
@@evenbiggeral5089get armed,and don't think...pull the lever.protect yourself
I think it's going to get real bad real fast while we are seeing in Florida and Texas because of more debt. Yes people may have low mortgages but that won't matter when they are already living paycheck to paycheck and facing potential layoffs.
Yes, I have two family members that sold their house. The people that bought bought with cash out of California one just sold to a person with cash out of Arizona. We are seeing a lot of this..
It's nice to have a company; it's much nicer to make a profit.
We normally conduct 3 satellite phone tests each month at work. We are now conducting 6. No reason given.
Where do you work?
@@bpb5541 For Uncle Sam.
Excellent presentation. No big house for us. Peter Schiff said buying a house is a drain, due to maintenance, taxes, etc. Stuck, but not me. Boomers are in trouble living large....from the Ozarks on the lakes
At least there, you have a high water table. Nice folks, too.
@@llee8325 yes and thanks for sharing....drinking fresh spring water 💦 since 1991
Stellar presentation.
John is grat, thanks for having him on the show again, Todd. God bless you.
Diplomacy is the way forward, but sadly, the West inc, usa (the global north) in general seems totally devoid of such individuals. Todd....The first casualty of war is the Truth.
Amazing show. Lots of truth. Thank you
Great Guest, very informative. We need more Rubino in our Economic existence!
Thank you for this thought-provoking and honest interview. Your interviews have become the centerpiece of my weekend mornings. Listening, sipping coffee, and planning my winter vegetable garden today - what a wonderful surprise when the topic became growing your own food! I felt like you were both right there in the kitchen having coffee with me! Great channel!
Excellent video & interview with John! 👍🏾
Thank you
So, keep a strong cash position and wait for deals?
Exactly
@@SachsRealty just make sure you understand what YOUR deal looks like and fits your needs and desires…
In a dying currency?
It will be a log wait. 5 years at least.
@@matrixistsome people have already been waiting almost 5 years. They missed great opportunities already.
Investors rushed in and bought up properties for large amounts which caused market values to increase!
Sounds just like the GFC.
Mechanical vehicles are much easier to repair than the the heavy electric cars today.
Electric vehicles use child slave labor and need to be driven 10 years to offset the emissions it takes to make them. It’s a scam. Buy a reliable used car if you can ❤
Evs and Ai is early ... way early... like 7 to 10 years early. Folks are going to figure that out real quick.
@@bpb5541 Exactly, but with population decline….woman with careers that don’t want to be cooks and maids, the Humanoid Robots can’t come soon enough.
@@bpb5541 They need to which their focus to humanoids tested for home maintenance and EV ONLY for taxi service
thank the genius stem of the past. Honestly if I was in charge I would make it so easy that even the disabled folk would end up like Bill gates
"You will own nothing and you will be happy." -WEF, 2016
"Trust is a thing I only give to God..."
Amen!
Perhaps this complicated multiple bubble situation can be simplified. The U.S. is $35 TRILLION in debt, the debt to GDP is 123%, and we're spending billions on endless wars. We have politicians speaking in fatuous platitudes and not solving problems. The situation seems insurmountable to me. I would love to be wrong.
Some might say this is just alarmist view. But ask yourself this. Does it feel like everything is about to go kaboom? I mean in every aspect of our society and the world. Yup
Whether we like it or not, we are going back to multigenerational housing and adopt to less is more mindset.
Affordable housing means the government can steal our tax money, companies can grossly overcharge for subsidized apartments, and we the taxpayers get to fund a system that is designed to keep people in their place. Dependent on government for survival, and keeping the money flowing into the pockets of the rich and unconscionable.
MILITARY INDUSTRIAL COMPLEX
We pay more to service the debt than it costs for national defense. And everytime that has happened the super power has fallen from grace. Now we just wait.
I feel like looking at the big picture and following the market for a while, we are being almost like rounded up and given no choice, but apartments and walkable communities. It sounds nice on the outside, but if you think about it, it’s easier to manage and control people When they’re all in one place rather than trying to control property after property house after house with distances. I’ll never forget the videos of China with people locked in their apartments and them screaming. I could never live there so I don’t want any ideas of theirs here on any level.
Incredibly important discussion.
There's going to come a moment in the next 12 months, probably this winter, where as a society we have to choose between hundreds of thousands of people starving to death, or doing what is right. I don''t think this system will choose what is right.
Daniel 2:44
Gods Kingdom is the only solution
Come Lord Jesus
Amen!
John 4:1-6)
"Beloved, do NOT believe every spirit, but test the spirits to see if they be from God, for many false prophets have gone out into the world. By this you know the spirit of God: Every spirit that confesses Jesus Christ came in the flesh is from God, and every spirit that does not confess Jesus is not from God. This is the spirit of antichrist, which you heard was coming and is in the world already. Little children, you are from God and have overcome them, for He who is in you is greater than he who is in the world. They are from the world, therefore they speak from the world, and the world listens to them.
WE are from God.
Whoever knows God listens to us; whoever is not from God does not listen to us. By THIS we know the spirit of truth and the spirit of error."
Epic interview. Thanks guys. We appreciate you 👌
Todd, I really really implore you to start uploading your podcasts to a Rumble channel. I don't like giving views to UA-cam and I can listen to Rumble streams in the background of my phone and still be able to use my phone simultaneously. Plus, Rumble protects free speech. UA-cam can pull the plug anytime.
"Imminent" vs "Inevitable" so profoundly true.
Great interview.
All this economic instability and possibly downfall was and is caused by top politicians running the country.
Don't you mean the rich folks that own our politicians. They are the real folks to blame.
Remembering self-employed Dad saying "It's hard to find good help" 1970's Balto MD - some things don't change
Money is created when a commercial bank makes a loan.
Credit creation money.
Professor Werner and Hanke have said money creation has tanked the last eighteen months.
Eighteen months is the time it takes to show the effects of money speed up or slow down.
September and October are traditional months for stuff to go south.
Tick tock 🤔
I've been hearing this for 5 years now.
Maybe it is time that you make a stand and voice your support for the candidates. It's time for more voices on who is best for this country. The danger of not speaking up is the reality of a very dark future. Just saying.
The dollar is losing value so no matter what happens with inventory it will cost MORE devalued dollars to purchase.
We can't find a reputable FHA 203k lender here in Arkansas even having trouble finding a lender for a regular FHA lender very frustrating 😢
Send me an email ts@sachsrealty.com
Banks are tightening lending, liquidity crisis, housing crash 2025 but no loans to buy the deals.
Ok we will 2 of my scores are in the 700s now all my wife's are in the 600s trying to find something before winter hits @@SachsRealty
@@SachsRealty Email sent
@@setha360 The fed has been taking money out of circulation for the last few months. That creates cash shortages.
I like this guy John Rubino! thoughtful, contemplative, highly knowledgeable and experienced-- and he really "gets it"! If I were to follow anyone's recommendations about how to handle the next 2-4 years- it's THIS guy.
Gentlemen, agreed. The entire brain washing system has worked. Try to decentralize, not easy. I reclaimed through quiet title a GFC old rental that sat abandoned for 8 years with 5 banks and no one to serve. Black Pill moment. Catastrophic loss in retirement plans in 2012 could not account for small mistakes made by me. Now wood stove, no central electricity - portable solar, garden, food forest, cold water only for now. This collapse is real.
Thanks for the presentation.
God help us, from a retired deputy sheriff from so-cal...
It is claimed only 4% of the population grow a garden for food back in the 30's/40's 48% of the people grew gardens for food
That should change
The flaw in John’s analysis is America has a limitless money tree to solve any short term problems. Any government related bubble is now solvable. Housing, banks, too big too fail companies. All are basically government organizations in a crisis.
Yeah but inflation and poverty for the masses
The world is very different from even 2006/2007 we have 3 big funds holding onto the good properties while dumping under performing ones most people won’t be interested in. The zillows of the world and youtube shows are providing information like we never had. I believe wealthy families are giving more money to there siblings than ever before to purchase homes. I also believe those same parents will be the backstop for foreclosures and etc. all that said, when I break down the cost for new builds, it does not make sense. R/E is micro still hot in NJ but parts of Florida, Texas, and Arizona are crashing.
I agree with everything you’re saying here. But no markets will be insulated from the recession that will hit America.
@@SachsRealty i’m not sure that we are not in a recession even as a text. Servicing the most affluent areas in New Jersey. I am amazed at the financial disparities between the upper and middle lower classes. Even today the amount of needs these wealthy people have are incredible. I’m a little bit older than you and I have been in the RE & construction business since 16 years old. I have seen a lot and lived a very attentive childhood in the 70s and 80s grandparents instilled the great recession on me as well. I would like to think I’m prepared heck I’m capable of living off the land whereas today’s youth have a hard time following directions on microwave popcorn.
@@wallye8713 Love this. We could probably share some stories.
I think you give the Boomers way too much credit. I think they are greedy (not all of course) and once we get a short downturn in residential real estate they are going to bail and that is going to cause a massive housing crash.
@@bpb5541 I believe more people then ever are versed in R/E investing. Books, TV shows, UA-cam, local real estate investing clubs all provide information and education not only to young adults but baby boomers as well. I’m not foolish enough to believe all will survive a real estate crash in there investment venue but more than ever will and probably thrive if properly diversified in varied investments. IMHO those in R/E probably have a leg up on those that choose not to be nor can afford to be in it. NO R/E is not the saving Grace but it can be an important piece… Lastly, R/E can be an awesome legacy wealth building tool for multiple generations.
Thank you John for being so truthful and telling it as it really is👍
Wow. When you mentioned the teachers, my neighbor got paid for two years during Covid to stay home. She felt so intelligent and entitled by her supreme degrees and had no empathy for other job categories that were shut down over night. They could easily be replaced by AI and their students could probably learn more by staying home. They are next for the rug to be pulled. They had 4 years to prepare. Right after they elect a democrat for their pensions and benefits
Good
Weird to think that people feels that their job is permanent. Iron rice bowl mentality...
If you don't trust the government, how can you trust the currency?
This guy probably believed in pizza gate.
I heard Trump supporters started that 😂
There is no "believing" in pizza gate all the evidence is there. If you don't "believe" in pizzagate then you simply don't live in reality
@bpb5541 QAnon.. so.. yeah..they are definitely Trump supporters.
It is real. Ask John Podesta.
Let me understand this. It's not that the price is too high, the pay is just too low. The FED doesn't have a tool for that. 😢
John, sounds like you should speak at The Modern Homestead Conference in CdA next summer.
Wven when there is a price reduction my equity is still above 80% from the time I bought my house in 2011
He hadn't heard Trump called Htlr?! Has he been living under a rock for a decade?!
I prefer calling Trump, Putin on steroids.😂😂😂
@@Resmith18SRso you are a genius? 😅
@@Resmith18SR Putin is not anywhere like trump. Putin is christian and actually live a isolated modest life, unlike this parrot that act like a hot air balloon.
of course bro. anyone not smart enought to see it is watching too much fox.