- Home
- Retirement
- World’s Largest Asset Class Is On The Brink Of COLLAPSE
Related Posts
Trump vs Harris: Why Their Tax Proposal Changes EVERYTHING
Insulin Blocks Fat Burning – The Key to Weight Loss | Jason Fung
You DON’T have to be the SMARTEST to be SUCCESSFUL
October 2007 vs. October 2024 (Similarities Are SHOCKING)
Peter Schiff Is WRONG About The Dollar (Here’s Why)
The US Debt Crisis Is Far Worse Than You Think
OMG!! The Fed Just Made A HUGE Mistake
SECRET METHOD Banks Use To Control The World
Cameron Long
A 12-pack of beer before COVID was $12; it is now $20
IS that Corona beer?
@@Diponty No. I like Bohemia or Victoria (Victoria only in bottles and if fresh) – both Mexican beers
@@Diponty Corona sickness Beer!😂
A case of 20 beers here in Germany is 13.99€!
On a good day, I’ll buy a 12 pack of good local craft beer for $18.
The FRED never puts out the real data. So just double it
Another great video! Jerome is probably taking notes.
Imagine SHADOW BANKING. Loans tied up with individuals with properties in china and all around the world
Today is October 24th Thursday 2024
If this is a simulation… Exactly same as October 24th Thursday 1929
🤯
This is 2007 we going into a new gfc next yr
Tired of them propping up the property bubbles. Make housing affordable again. It’s not a crisis to have too much supply to allow people to buy them cheaper. I’ll buy something there if the price is right. Tired of these ridiculous $400K+ prices for houses.
The real problem is our gov’t allowing this to happen to begin with. We can’t blame the innovating businessman.
Thank the Feds for this BS! Jerome Powell and his witches should be in an orange jump suit!
I wish houses were $400k+ around here. Try $1.2m!
You’re clearly not thinking like a bankster in a fractional-banking system. As the bankster which would you prefer, a fairly-valued house that would create a loan (mortgage) of maybe $100k on your asset sheet, or a wildly overvalued home that would put a $700k mortgage there? Remember, as a bankster you get to loan out (and collect interest on) 10x the value of the assets you’re carrying. This is why banks are allowed to mark-to-model their assets instead of mark-to-market like everyone else. It is also why the powers that be are doing everything in their power to avoid price discovery in real estate, or at least transfer the liabilities to other entities such as taxpayers (freddie and fanny for example) before the bubble pops.
Don’t look for help from the government either, Which would you prefer to collect property taxes on, a house valued at $300k, or one valued at $1.5M? Especially since as the government you’ve probably already (over)spent. I mean, “we” are already $35T in debt. Somebody is going to have to fill that hole, someday. Assessors and RE agents typically get a %age of the house price as commission too. Current homeowners also like the higher valuations.
There’s simply no constituency, except home buyers, for lower prices. High RE prices are here to stay, or at least until something breaks. What could go wrong?
I’ve been saying this since the whole “ghost city” propaganda started years ago. what a horrible problem.. too many built houses lol meanwhile we have a housing shortage here and no one can even afford to buy them with less than a 40-50 year mortgage
Love the great whiteboard explanations!
Thanks George!
George, I live in SW Missouri. I wanted to say to you bc of some previous videos about food inflation. How the Cause and Effect impacts people. One of the main food pantries is Out of Food… Better start reminding people to be as civil and don’t forget their Morals. Thanks G!
George, you are great, man, you explained it really well for layman like me. Thanks…
All the glass, metal and concrete wasted on those buildings should be a crime.
Well explained, thank you George!
OMG!! Those poor young Chinese can FINALLY afford a house again thanks to deflation? 😮 THE HORROR!!!
There is NO bad deflation, George. There’s only a wealth transfer from the over-leveraged to the more prudent and responsible.
Those empty homes in China are the life savings of their middle class. The wealthy didn’t build them. They were also paid for in cash before construction began. They are not over leveraged.
That’s the thing, they can’t. Youth unemployment is very high.
Oh, and keep in mind that the houses oftentimes only exist on paper. One of the reasons why the Evergrande collapse has been horrible is that they have been selling promises to build houses. Chinese homebuyers pay the mortgage in advance for a future house that they will build. Well, they’re not building these houses anymore…
@@bellgrand Exactly. And … many of the houses build are “tofu drag” houses.
that’s good news for buyers … not necessary a bad thing. the lesson here is – DONT FOMO into any investment class and this include stock market, commodities like gold/silver
i hope George is aligned with XRP and XLM.. this dude is awesome at analyzing and zooming out.. but also takes it further by giving us wisdom for nothing. Appreciate your work, sir! ⚔️
hope you keep teaching the people when you are a gazillionaire 😂
👍Thanks. Your whiteboard uploads make this channel stand out in the Youtube financial space. 👍
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You’re correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you?
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look—her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
You are the ONLY channel that I have subscribed to in my decades of watching YouTube videos. I also watch these videos in their entirety. You do a good job.
Correction: The worlds largest asset bubble. If you build hundreds of thousands of concrete shells in the middle of nowhere and nobody lives there, and then the prices collapse, does it make a sound? 😂
Xi: “I have eaten too much honey and now I am stuck in Rabbit’s doorway!”
Rabbit: “And I should feel sorry for you being stuck? You ate all my honey! And now you are blocking me in my one-room house, and your bearass is the most dominant feature in the room! I’m going to see if I can get my starvation-skinny body out the window and maybe go to another country.”