I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

@Elkemartin213

11 күн бұрын

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

@Aarrenrhonda3

11 күн бұрын

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.

@Jamesbrown1126

11 күн бұрын

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.

@Aarrenrhonda3

11 күн бұрын

My CFA, Amber Dawn Brummit , is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@Aarrenrhonda3

11 сағат бұрын

The decision on when to pick an Adviser is a very personal one. I take guidance from Amber Dawn Brummit to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

They cancelled the middle class

@jeffros6739

20 күн бұрын

The great reset underway

@justing6594

20 күн бұрын

Middle class canceled itself with buying stuff they could not afford. Putting it on thevbuy now pay later plans. If there's a sucker to buy it. There's company's to sell it.

@republicunited2183

20 күн бұрын

All by design.

@Circuses

20 күн бұрын

@@justing6594you watch PBD too much. The middle class was killed by design. Starting with sending the mother to work, and pushing the father out of the home.

@Ricky043

20 күн бұрын

They are trying to

When police, fire fighters, and teachers can't afford to buy a home; you'll know the American Dream is dead.

@RS-ud6np

20 күн бұрын

I hear ya, but don’t say dead! America can and will overcome this as will Canada, be hopeful but let these 3-5 past years be a lesson. Because in 5,10,15 years down the road ; this progressive, liberal , Marxist movement will come back with a vengeance.

@dsua3728

20 күн бұрын

You know what that's the truth.

@Martincito714

20 күн бұрын

Where? The teachers, firefighters, and police officers that I know make close to or more than 100k a year.

@EneEri

20 күн бұрын

@@Martincito714lol no. Try around 48k most states. And that’s before taxes. Former teacher here. Our life is more sustainable with me just staying home.

@bobbytatum84

20 күн бұрын

​@EneEri In DFW, you got police departments paying twice as much. In Plano, officers can make over $100k after 3 years.

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

@jones9-

18 күн бұрын

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

@bernadofelix

18 күн бұрын

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

@ScottKindle-bk3hx

18 күн бұрын

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@bernadofelix

18 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Hectorkante

17 күн бұрын

Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.

Do you believe all this is just an accident? This was casually orchestrated.

@SomeUserNameBlahBlah

20 күн бұрын

People had 2008 to learn from. Plenty of people said not to buy now.

@mutoniesther4525

20 күн бұрын

Orchestrated***

@Nemura12

20 күн бұрын

@@mutoniesther4525 Thank you for the feedback.

@goodyangie1

20 күн бұрын

by casually orchestrated you mean people living above their means? nobody forced these people to sign on a mortgage. If you know a thing or two about 2008, this was BOUND to happen.

@randylaffy7679

20 күн бұрын

you are right.

The working man is screwed big time .!!!!!!!!!!

@user-hf2dr7sh4y

20 күн бұрын

the trump/biden clown show for clowns has the working folk surrounded

@johnvanzelm2307

20 күн бұрын

Wait till they try to send the working man's kids to war.

@legobobafett5045

19 күн бұрын

Because we allowed it

@micclay

19 күн бұрын

Everything is on sale if you have cash.

@hdw237

19 күн бұрын

​@@legobobafett5045uh excuse me but I wasn't alive when China was allowed in the WTO and the dollar was taken off the gold standard. I was in preschool when the Fed took over the dept of education. So you can back all the way up from that "because we allowed it" comment. Most of us WORKING folk weren't around when it was being "allowed". We've just been stuck with the mess to clean up. And frankly, I hope my generation leads the clean up with the all the cynical jaded "watch the world burn" apathy that we genx are known for. 😂

Being "underwater" is psychologically devastating and causes people to do irrational things. I saw it first-hand between 2008 and 2010. I had friends who could totally afford their monthly mortgage payments. But when their houses were underwater, they felt like they lost money. And because the Housing Industrial Complex had brainwashed the public that owning a home was the greatest source of wealth, all these owners no longer saw a need to keep their houses when the value declined. Had they held onto their homes, they would have been above water within just a few years. And in 10 more years, they would have considered themselves millionaires due to the insane home appreciation.

@PartyInTheGym01

20 күн бұрын

Facts

@firingallcylinders2949

20 күн бұрын

For every % of unemployment increase suicides increase as well.

@stinkymcstinkerton1854

20 күн бұрын

I have friends who bought in Scottsdale in 2006/3007. It was high for the time but wanted out of San Diego, and they could afford the payment no problem. They were under water in 2010, but they have it all back plus after 15 years. I think they refied to a 10 year when rates were at the lowest . They never bought above their means. My wife and I bought our home with the annual of one salary vs both incomes. In case something happened to one of us or our jobs, there can still afford the home.

@michaelshattuck1874

20 күн бұрын

I’m not very far away from returning to selling drugs. I really don’t want to. I want to live a good straight life but Biden made it nearly impossible

@wmc9722

20 күн бұрын

Good points! My wife constantly watches the estimated values of our properties. Nothing is near to being underwater but she wants to know the market prices. I don't really care because we never sell and everything will go up in terms of the paper dollars needed. Now I'm going to measure property in relationship to GOLD.

Financial Literacy has to be the most valuable and underrated skills one can learn; especially if you live in America.

@allbaugh04

19 күн бұрын

True, but financial literacy isn't going to save people being underpaid during rampant inflation and historically high interest rates.

@Bunta559

18 күн бұрын

I agree that knowing the skill is only part of it and it alone won’t save them. But they have to be willing to at least try to help themselves and apply those skills into action to attain tangible results. Learning how to adapt to current market conditions and implementing better spending habits to advance while being at a disadvantage is the most challenging part of it all.

@Death_Metal_Head

16 күн бұрын

They’re way too busy teaching people about cultural Marxist topics instead.

@Bunta559

16 күн бұрын

Sadly financial literacy is not taught in grade school or even high school. I didn’t learn financial literacy until I actually needed to build credit in my late 20s; and it was not from school. The only financial knowledge my Asian parents knew was to work hard to make money to get bills payed and save along the way. Financial literacy is a personal journey because nobody can build anybody else’s credit score. One would have to be motivated to even learn about money management, budgets and basic economics.

@benb6691

14 күн бұрын

You won’t get financial literacy listening here

"Selling shirts...." I left Nursing due to an unethical and unscientific vaxx mandate, at which time I discovered Clothing Reselling. Wasn't easy, but I am growing a sustainable business that has helped me reach my financial and investment goals. I decided to commit myself to finding new streams of income that protects my views and my standards-- Covid tought me that. I am well on my way to having 3 forms of income by 2025-- two of which are passive. My money habits endured a profound change as a result. This podcast has inspired me to think outside the box. Loved this segment!

@Jay-ry2nk

17 күн бұрын

Lol my job made me get a covid shot will my school made me get several shots in kindergarten so my mom got my shots You weirdo's became too political and several people lives have been changed because of it I showed my job lol now look at you

@GalacticTradingPost

3 күн бұрын

Need more resellers on the market. There's too much useable product being trashed when it's still valuable.

“100% of foreclosures are because people can’t afford their mortgage” - Adam

@greglane3978

20 күн бұрын

Thank you Mr. Obvious - Adam.

@Mtjoyc3

19 күн бұрын

If you don’t like brilliant takes you’re watching the wrong podcast

@josephdonahee6741

19 күн бұрын

He is funny haha

@beddythecorgi4269

19 күн бұрын

Adam needs to go. He adds nothing!

@paulbracewell4915

18 күн бұрын

More like Dave Ramsey

Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.

@mariaguerrero08

12 күн бұрын

The housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.

@mikegarvey17

12 күн бұрын

To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!

@ThomasChai05

12 күн бұрын

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

@CliveBirse

12 күн бұрын

@@ThomasChai05who is your advisor please, if you don't mind me asking?

@ThomasChai05

12 күн бұрын

'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.

It’s not just the home values it’s the cost of inflation on top of it. Insurance, energy, and food prices are eating 20-30% of disposable income.

No bailouts!!! Let people who made poor decisions fail. Young people have been waiting for the market to correct.

@bldrtom

20 күн бұрын

Believe me, the banks will be bailed out but not the homeowners. Just like 2008. In 2008, 10s of thousands of mortgage holders lost all their equity and were not bailed out. The banksters that caused the whole meltdown by pushing cheap credit to people that could not survive a downturn, all the banksters were bailed out and that’s how they bought up all the foreclosures. 2008 repeat. All planned.

@SomeUserNameBlahBlah

20 күн бұрын

They'll get bailed out until after the election.

@mikesmith-nj1ij

20 күн бұрын

Only bailout the right banks incorporations... Let each individual Go bust!... I hear you but It's clear someone is leaning on the scales of Justice

@davidallen2682

20 күн бұрын

Amen. Preach

@bigtroll8249

20 күн бұрын

Lol!! Keep dreaming!

All by design

@LovelyBeachCoast-us1ec

20 күн бұрын

exactly

@AllTerrainGuy

20 күн бұрын

Bingo!

@holdlgang

20 күн бұрын

Sure it's a rat trap but it's up to you not to eat the cheese.

@clintharper5509

20 күн бұрын

You will own nothing & be happy, this is obviously part of the plan, No?

@LovelyBeachCoast-us1ec

20 күн бұрын

@@clintharper5509 yup

Adam, every lender tells a borrower about homeowners insurance and taxes. That is how they determine the estimated payment on the loan estimate document. This is required by law to disclose fees and costs.

Literally 3-4 months away from paying ours off. Best decision we ever made was refinancing when rates were lower and switching from a 30 year mortgage to a 15 year loan.

@jennifertomasik7437

18 күн бұрын

We did the same thing! Paid our house off earlier this year. We have money now to do some upgrades without going into debt. Also we can comfortably afford our insurance hikes. Feels good.

@PristineMindset

17 күн бұрын

That is the housing cycle for ever buy wait refinance go 15 year mortgage and pay your home off.

Now blackrock will buy them and rent them back to you for more money

@AssetAddict

20 күн бұрын

Not backed with facts. What data are you looking at?

@antonthemanton3065

20 күн бұрын

@@AssetAddict SILENCE YOU FOOL!

@calvinhobbes6118

18 күн бұрын

Thats the point. Dont sell them. Hold on to them and ride the bear housing market till it turns bullish.

@nickvin7447

18 күн бұрын

No they wont, there is no money to be made.

@serb87

18 күн бұрын

Renting a house as middle and upper class is beyond stupid. If you are making $250k or more then renting is ok

People often buy as much as they can. Biggest house, expensive cars, big vacations.... then if anything goes wrong they are screwed. I bought a house in 21 at 2.5%. Price was half of what I qualified for.

@Alpharizzchad

20 күн бұрын

Smart bought what is your needs. Not what the Jones have

@Tknight2324

20 күн бұрын

That’s the thing a lot of these people don’t tell folks. Don’t buy above your means. People max out everything trying to live like others

@SaltySeabee

20 күн бұрын

Smart Move, Playuh! I bought my house in 02 for $79K at 7%, refinanced in 20 @ 2.25% because I built an addition. Still on track to payoff the home in the next few years! Because, we didn't over build, and we stayed way below what we were qualified for. I don't want to be broke, and I definitely do not want to be House Broke!!! I work to LIVE, not live to work.

@laughoutlos

20 күн бұрын

That’s the thing if your approved for 300k doesn’t mean you need to spend 300k

@NoCreativeNameGirl

20 күн бұрын

I bought mine in 2019 for 5% interest and then refi in 2021 for 2.5%. That will NEVER happen again in our lifetime!

In Minnesota the recent property evaluations are confusing people, unless the state is purposefully robbing its constituents by doubling property taxes in which case it should be labeled theft. For 13 years my property evaluation has increased roughly 15% over that period of time, then last year my property evaluation was raised by over 30% and this year my property evaluation has basically doubled what my home was evaluated only two years prior! Our property taxes were increased two years ago as well, and now there is a new 5% levy I've never heard anything about, but apparently these are the new standards of our leadership. This should be listed as theft upon Minnesota residents!!!

@JP-nz4em

20 күн бұрын

people should come together and attend City council meetings. Mayors will be able to do something about it

@user-gz2hq8tc9n

20 күн бұрын

Vote these People out of Office. Take control VOTE !😊

@republicunited2183

20 күн бұрын

But the Somalies get it all for free.

@Alpharizzchad

20 күн бұрын

Self infected Wounds. Defend yourself 😅. Put the law back in Law. Not what is PC

@jeffreybonner6895

20 күн бұрын

Move somewhere that doesn’t suck.

What I hate is that when things go up like this, they usually will never come down again to what they were before.

Afraid it is going to get bad. In our 50s and bought a home after 10 years of renting just a few months ago. Instead of buying what we could afford we purchased a home in Indiana for 134000. Not a dream home but one that is comfortable. I feel sorry for all those who have 300k to 400k and above mortgages they are barely able to pay for now when the next domino falls which will be unemployment jump. We could of bought a 400k home but feel this was much wiser

@Psalm2710_

20 күн бұрын

You guys did great, we've always bought below our means bc you never know what may happen. Lots of people getting laid off right now!

@JetJ321

20 күн бұрын

That is very smart of you and will be such a secure feeling esp if you have kids. We did the same back in 2005 & our house fell by half in price during the crash. We paid it off in 11 years to recapture our lost money. Although it is now worth a lot more. Sometimes when I pass the more expensive houses that we qualified for I think about how I would still have a mortgage if we had bought one!

@jennifertomasik7437

18 күн бұрын

Great decision!!

@Isenseven1080

16 күн бұрын

What's considered smart is actually common sense. Well done, thank you for being financially responsible. Everyone is being raised to keep up with the Jones and to be super consumers their whole life. Don't fall for the trap.

Another thing people forgot when buying a house is the maintenance. The furnace goes out, there what… $3,000-$5,000? Water heater? More money. You need new shingles? $30,000 or more, depending on the house, and where you live.

You guys are fantastic! It's so lovely of Patrick to remind his viewers that some on the panel have gone through tough times. God Bless to all! ❤ Please, no more Cuomo.

Not here, baby.... I'm two payments away from paying off my mortgage 8 years early. In hindsight, I wish I would've been a little money smarter and hit it harder than I did, but I'm still proud of getting it done.

And I am sure majority of them also overpaid for the house by 80k to 100k😂😂

@enriquericapa933

20 күн бұрын

Also a lot of people with Iphones and Benzes when they should be on Nokia and Kias.

@RS-ud6np

20 күн бұрын

In my area, more like 300 to 500k over paid for their mortgages. Small condo’s at 1 mill now and ppl are perfectly happy to sign on the dotted line.

@enriquericapa933

20 күн бұрын

@RS-ud6np in a few years they will cry sheep and blame the system etc etc

@treasurethetime2463

20 күн бұрын

Hard to feel bad for them. These were the people paying over asking. Being hyper competitive and fearful. They ruin everything.

@cpmcell1

20 күн бұрын

I know my wife and I did, but we were also overpaid for the house we were in. Thank goodness, we put ourselves in a position where we aren’t underwater in our house is still worth way more than what we owe on it but I know that’s not the case for a lot of people.

From 2007 to 2011 or so, my property was underwater. I had to make it work. One thing was I purchased a home that was worth less than I could afford. My real estate agent said I could afford a more expensive house, but then again that industry is incentivized to get you to spend as much as possible.

@El_5Zero

20 күн бұрын

I bought my first home 2 years ago, single male at 33. The mortgage agent was urging me to buy a house that was 200k more because I was qualified for it. I refused and bought what I could pay comfortably by myself. Unfortunately, most people don't see it that way and buy with their maximum budget to impress people they don't know.

@x8jason8x

20 күн бұрын

Wife and I qualified for up to 500k, we took 275k at 3%. Our agent actually advised us not to max it out, but he was a different kind of guy lol. He wasn't advising anything we didn't plan though.

@El_5Zero

20 күн бұрын

@x8jason8x That was a great strategy! I'm not too concerned about what "might happen." I have a comfortable payment with 4% of interest on a 330k loan. House sold for 390k and is now "420k." I have plenty of room for additions or a nice garage. The plan is to pay it off in 15 years or less.

@Nonybusinessxxxxxx

19 күн бұрын

Where the f can you get a house for 275k? Do you have kids? What's the school system like? In nj that borderline inner city old homes.

@x8jason8x

19 күн бұрын

@@Nonybusinessxxxxxx Wrong question lol... it was when we got it, in 2020. I'm in Buckeye AZ, one of the fastest growing cities in the nation. Yes, we were probably among the last actual people to get a real house. lol

PBD your previous con of insurance is also to blame.

@adonisstroke4323

20 күн бұрын

insurance isn't necessarily a scam. However PBD is a know grifter and his insurance business model was a scam.

@jrd603

20 күн бұрын

@@adonisstroke4323it’s mostly a scam now.

@rascaldere9327

20 күн бұрын

@@adonisstroke4323 typical pyramid scheme

@andrewbeltran5795

20 күн бұрын

Life insurance is a scam?

@andrewbeltran5795

20 күн бұрын

What was his model?

This is intentional by our governments.

@clintharper5509

20 күн бұрын

You will own nothing & be happy, this is obviously part of the plan, No?

@rick3156

18 күн бұрын

Evidence? Nope

@lesmar234

18 күн бұрын

WHY IS THE GOV'T DOING THIS? SERIOUSLY, I WANT TO KNOW.

So glad i got my house at 2.9% before all rates shot up in 2022. I knew i had to jump in before i get priced out.

Living off one income here in raleigh nc and using other income to build new house.hard work doing alot myself, but will be paid for and. 300,000 equity when done. Bankruptcy kept me from getting mortgage, so took building courses at Durham Technical community College and now we are off to the races

@chefmastermikecmm8465

20 күн бұрын

Good for you! I believe technical colleges are so underrated!

@warrenbrooks7053

20 күн бұрын

Sounds like you dodged a bullet bud

@mauriceevans6546

20 күн бұрын

@warrenbrooks7053 I have 2 masters degrees and make 30,000 more driving a truck locally. Wife's nursing degree has paid off for her. Started at 45000 in 05 at VA hospital and 19 yrs later 123,400. No kids! I find that building my own home, may be an avenue to start building low income housing

@warrenbrooks7053

20 күн бұрын

@@mauriceevans6546you might think I’m joking. But our portfolio is similar. I drive and getting in real estate as we speak. Mainly getting my kids. But you doing a fantastic job sounds like 2 me . And thanks for reaching out

@warrenbrooks7053

19 күн бұрын

@@mauriceevans6546you doing great just keep up the good work so when things really hit the fan you and your family prepared

Crappy house is not only the problem but also safety and better schools for our children

Adam is such a piece of work

I love all the idiots that told me paying off my mortgage was dumb.. rates are so low etc etc.. how do you feel now.. my rate is still 0...

@brawndothethirstmutilator9848

20 күн бұрын

It’s definitely not dumb, but if you’re in a fixed rate that is lower than the rate of inflation its wiser to let inflation effectively discount your debt into the future and deploy your capital into another interest bearing or appreciating asset. Congrats on owning outright though, sometimes that’s a feeling and peace of mind that is beyond price.

@funsharx

20 күн бұрын

There’s nothing more valuable than piece of mind these days

@edwardsanchez3708

20 күн бұрын

I've never heard anyone in my lifetime say paying off a mortgage was dumb. Your making up stories

@danielcuddihy4273

20 күн бұрын

Hate to tell you this but buying a house is 99% retarded. Only if you sell and spend the profits does it make any sense at all. You're all being played!​@@edwardsanchez3708

@UniversalStand

20 күн бұрын

@@edwardsanchez3708they were doing so as an attack on Dave Ramsey’s philosophy. It definitely happens.

We left California and got a house that was $250k less than the house we sold. The thing that stresses our finances is not the mortgage. We know what the morgage is going to be before we commit to the house. The thing we cant control is this insane out of control inflation. Every month that goes by everything gets nore expensive. Thats when someone's mortgage become unaffordable in this market.

@Youknowwhatscoming

20 күн бұрын

This is the point most ppl are missing. They think they hit a jackpot. They are not realizing that we were better off before 2020. Now with rising inflation our cost of living has increased 30-40%. That’s enough to make someone not being able to afford even a paid off home with high property taxes and insurances. Govt is ruining the country by continuously printing and bailing out banks

@ROCEMPOWERMENT

18 күн бұрын

California transplants ARE the problem

This happened to me in 2015 from a 2008 home purchase. Decided to sell once had equity and gained nothing from sale then rented a condo cheaper while paying off debt to finally purchase another newer home at a better rate. Don’t keep drowning in a home you cannot afford. Take the loss suck it up and reload.

In 1981 it was 18% and i walked to school on my hands.

Property taxes play a huge role as well. Where I live the property taxes just skyrocketed which is part of the reason home prices have gone up to crazy levels.

@thehonesttruth8808

20 күн бұрын

No, you have it backwards…high property taxes is not an attractive selling point

@brawndothethirstmutilator9848

20 күн бұрын

You have that exactly backwards. Property taxes are based on home values, not the other way around.

@llee8325

20 күн бұрын

When I was growing up, the homeowners got to VOTE to approve proposed property taxes. The county/city sent out proposals, and if they weren't reasonable, they were voted down, and the gov't had to propose something else. I think the "we send you a bill and you have to pay it" model came when gov't schools got paid by property owners. The greedy, irresponsible school systems wanted "their cut", while they provide a crappy product and foist socialism and bizarre sexual content down your kids throats. Gotta find a way to take that process back to "consent of the taxpayers".

@kareemofthecrop

20 күн бұрын

Property taxes should be frozen. It’s not just mortgage rates it’s the taxes and insurance as well!

The percentage of under water mortgages was actually higher before 2020 than it is now...

@charleslavoie5402

20 күн бұрын

We still don’t want Biden!

@ganjahiwalker2641

20 күн бұрын

Stimulus checks

@jacobnapkins1155

20 күн бұрын

It's actually back up to prepandemic levels and rising

@chefmastermikecmm8465

20 күн бұрын

That doesn't get views from doomers

@brawndothethirstmutilator9848

20 күн бұрын

@bluemon4714, You are correct. These guys are out to lunch on this topic. Inexcusably wrong.

They need to step in and make auto loan interest rates drop. I have a good credit score, put $2k down, bought a $30k used truck, and my interest rate is higher than it was 10 years ago when I barely had credit and less income. It’s absolutely ridiculous and sickening.

Our issue: We have individuals fleeing California coming to our rural areas and paying 100,000 to 150,000 OVER ASKING PRICE!! To claim the property unseen. My question's: Does anybody have any factual information on this impact? And should there be policies that limit these offers without hurting an individuals right to free market?

@kewan2045

19 күн бұрын

Corporation and foreign interests also play a big role

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.

@donna_martins

17 күн бұрын

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

@robert-1miller

17 күн бұрын

Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.

@Marvinsettle

17 күн бұрын

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

@robert-1miller

17 күн бұрын

'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

@Marvinsettle

17 күн бұрын

Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from vivian.

We are seeing the same thing in Toronto, Canada..... many mortgages are sinking quick

@thehonesttruth8808

20 күн бұрын

Yeah, but Canada’s market is completely different…isn’t the max mortgage in Canada 10 years? I think that is much more sensible

@brawndothethirstmutilator9848

20 күн бұрын

@thehonesttruth8808, Canada makes you take a new interest rate every so many years (I believe it’s 5). Sounds terrible, you still end up paying for 30 years but your interest rate keeps changing. Australia is like this as well. All of the Canadians and Australians I’ve talked to wish they had 30 year fixed rate mortgages like the US. Our property values are much more affordable than both countries too.

@AG-hl1ni

20 күн бұрын

@@thehonesttruth8808 Noope. Our max mortgages are 25-3O years. Which is the term for 99% of Canadians. We also have to renegotiate our interest rates every 3-5 years max 7 years

@AG-hl1ni

20 күн бұрын

@@brawndothethirstmutilator9848 correct I wish we had fixed interest rate mortgages over 25-3O years. This is not an option up here.

@timothybogle1461

19 күн бұрын

​@@thehonesttruth8808you renew the term every 5 years but the amortization is the same 25-30 years. All of those low rate Covid mortgages are coming up for renewal in the next 2 years and people will be going from 1.8% to mid 5%. It's going to be interesting on what happens.

A mortgage can't be under water unless you are trying to sell.

@mph5896

20 күн бұрын

Cant refinance since you owe more than what it will appraise for. 😉

@yaboiiiiiiiiimatt497

20 күн бұрын

It’s sitting at a negative point compared to the buying price though. Therefore the value is underwater

@heathdetweilerRealtor

19 күн бұрын

That’s kind of what I was thinking. I was waiting for them to explore the implications of what being underwater on a mortgage meant, because by itself, owing the bank more than what the asset is worth right now means very little.

@evan135

18 күн бұрын

Its like a stock, people bought high and the value is coming down, people are losing their ass

Rarely anyone does a cost analysis before buying a home. Homeownership isn't for everyone, especially now.

@leee3880

20 күн бұрын

People don’t think about having to replace a furnace or A/C unit, water heater, shingles, plumbing issues, etc. all of those things can be great for a long time, but can crush a person when things go bad.

In a few years from now, Adam will be on a couch again in Colorado

Home buyers wanted to live at their parents' level with their first come. People need to buy UNDER their means in order to have a stash for a rainy say. You don't need stainless steel appliances, granite countertops, and pristine landscaping right out of the gate. Get a starter home

@brawndothethirstmutilator9848

20 күн бұрын

These are fair points. However, “starter homes” are the segment that has seen the most rapid price increase since the end of the pandemic. They show no signs of slowing down either because it’s all most buyers can afford (more competition for the same house).

@Eman14128

20 күн бұрын

Your right , still live with parents mid 30s want to buy a 3 bed , but looking at a 2 bed , I was think about long term , when I have a wife and child I'm prepare with a 3 bed , but I will start at two build to my dream house later.

@Nonybusinessxxxxxx

19 күн бұрын

Keep in mind starter homes are old homes that need a lot of work- how old is the ac/hvac system? Is the electrical ok? Leaks? Mold? Asbestos? Lead? How olds the roof? Windows? Appliances (they don't last more than 5 years now) grading? Sump? Etc etc. you can get a "starter" home just know that unless all that has been updated, it's a money pit. Plus they're not building starter homes anymore because there's no profit in them and every year more and more people enter the housing market. We bought our forver home-new build after all the adds it's around 935k. But it's brand new with proper code and we wont have to worry about anything for years to come. We did put 20% down so we feel we're safe for now. Just need the rates to drop so we can refi

@Keepswimmingkeepswimming

19 күн бұрын

agreed Im in real estate and you have two options at starter home price points brand new construction or resale of old ) . dated homes -- guess which ones are easier at time oc purchase and after ? you can actually bury anicer home Newer home for less closing costs lower interest E have no repairs no new root new hvac to worry about I don't know what happens when new builders stop building but I hope market changes by then ​@@brawndothethirstmutilator9848

This happened to us last time. We just stayed making our payments. It took 10 years, but it corrected itself. The advice then was cut and run, but it did'nt feel right to back out of our obligation. When we sold, people were fighting over our house.

Live within your means

@billiamc1969

20 күн бұрын

American virtue to live BEYOND your means

@clintharper5509

20 күн бұрын

& what happens when they keep moving the goal post, as they always do until you've got nothing left to give.

@weshuber8055

20 күн бұрын

That's part of the collapse. Ppl get pinched down to bare minimum then a massive portion of jobs will be gone bc of it.

@DeathsInverse

20 күн бұрын

The value of your means keeps changing

@bomaniigloo

20 күн бұрын

Boomer response

The people underwater on their mortgages weren’t putting down 20% (down payment of 100k on a 500k home was the example used). The people getting underwater are putting down single digit down payments (or less) and interest adjustments are getting them. Getting underwater is a bank’s screw up, and their liability, not the home buyer’s.

@koolkitties8552

19 күн бұрын

It's more about taxes and insurance also where i live the taxes have gone up because the housing has gone up in value and the insurance is really really high my insurance is doubled in two years

@jesselanderos3331

15 күн бұрын

It's the home buyers. Stop making excuses

@justusbryce3392

15 күн бұрын

@@jesselanderos3331 but it’s not though

Why should I care if a mortgage is underwater and I can afford the payments if I never plan to sell? People who equate their house value with their net worth are ridiculous. Its a place to live. That's it.

@adrielhsu

19 күн бұрын

Most net worth calculations also exclude personal residence equity because of that fact, its a homestead not an investment

Locked mine in at 2.25% in June 2020. I was lucky enough to have a job through Covid and took a chance. Got a 3 bedroom, 3 bath, 2 story home in Texas for $199,000. I wouldn't even think about selling anytime soon.

@bobbytatum84

20 күн бұрын

Better make that your forever home. You'll never see those rates again.

@timr0by

20 күн бұрын

@@bobbytatum84 Nah, this will be a rental once the next plague comes around. 😬

This is a problem of our 50 yr. olds and down…they feel they NEED stainless steel appliances, marble counter tops, 3000 sq. foot homes, expensive cars, elite neighborhoods, instead of staying middle class homes and staying there for 10 yrs. or more and building up equity….they have no idea of living within their means.

@DB57RB

20 күн бұрын

Super accurate. Socal media has put "Keeping up with the Jones" on steroids.

@Triple33Threat

20 күн бұрын

Boomer response. The cost of these appliances vs average salary has decreased over time.

@wellmansrants4282

20 күн бұрын

this is exactly what my older siblings did and they dont have a dime to show for it

@hochhaul

20 күн бұрын

I'm 37. Sold my first house after owning it 9 years. Sold for over twice as much as I paid for it. Currently own a nice Prairie style ranch house. Value has increased since I bought it. Have solid equity in it. The key is understanding your market and not going in over your head. You don't want to be house poor in an overheated housing market.

@bomaniigloo

20 күн бұрын

Lol. No.

MLM scammer keeps trying to create a panic. It’s beyond ridiculous. We have 30 T in nested homeowner equity. Qualified Mortgage after the Great Recession has eliminated forced selling. Low Inventory has kept home prices not only stable, but continued appreciation. Serious delinquency’s have gone up, because people were not paying mortgage payments during COVID. You have a few underwater markets in Austin and Boise. But overall homes are APPRECIATING Nationwide.

@brawndothethirstmutilator9848

20 күн бұрын

🎯 The doomer crowd doesn’t want to hear that though. Neither do the people that are on the sidelines waiting to buy and watching values run away from them.

@anonymoose-oUd2fcf

20 күн бұрын

All the people trying to scare you away from buying are likely heavily invested in rental properties. Take a heavy dose of salt when listening to these people.

@stephenmauriellomortgage

19 күн бұрын

@@anonymoose-oUd2fcf Getting Real Estate advice from a Network Marketer, is like asking your CPA to do a Root Canal.

So glad we paid cash for all 3 of our homes over 20 years ago when homes were affordable

People lost houses during the Great Depression because of unemployment. Now, people are losing houses because of insurance and property taxes.

Same debt cycle as 2000-2008

People have been stupid with their money. The housing market needs to crash so the prices drop significantly. Bought my house in Dallas in 2020 for 375k. Reasonable. Now the house appraises for 720. Unreasonable. And down here our property taxes are tied to our appraisals which is why Texas sucks. Love Texas. Hate the property tax structure.

@user-df2mn5bx2q

20 күн бұрын

So, if you sold it now would you list it for $375? No. Youll be greedy too and ask $720

@joshhardy5646

20 күн бұрын

@@user-df2mn5bx2q because that’s what comps are going for, yes, but that doesn’t mean it’s actually worth that much. But if the housing collapses and I sell it for 450-500? I’d still have made my money on it. But I’m also not selling for a very long time.

@Keepswimmingkeepswimming

19 күн бұрын

it will not crash institutional Investors have entered the chat BUT they - will be happy for you to pay them rent

Thank you for not being arrogant.

I was smart when I bought my house. These last 4 years was not the time to buy a house.

Blah blah blah. If you're a flipper you hurting, sure. If you bought a home to live in none of this bullshit matters.

@JAYY_JAYY

20 күн бұрын

Yes absolutely agreed If you went in knowing you can afford payment no issues

Housing market is dramatically over priced. No wonder people are under water.

There are 120M homes. In 2023 250k homes were sold. Less than 10% of homes could be underwater. It’s actually closer to 1% which is a drop in the bucket.

house values are wholly over inflated my parents house in 73 was 40k same house & land today 600k. its debauched money system that is the problem.

I've been buying and selling real estate all my life. Your mortgage should be about 2.5 times your salary. You can go more, BUT you are inviting financial disaster. The average salary in the US is $63k so on your own you should be looking at a mortgage of about $150k The average household income is $75k and should look at a mortgage of about $190k. The MEDIAN home sale price in US is $433k. So the average person/family can not afford the average home. You'd need to make up the difference in a cash down payment. I can almost guarantee anyone making an average income does not have a snowballs chance in hell at saving $250k to pay a mortgage down to something they can afford. Be careful looking at averages and medians. They are NOT the same but can be close. Another word for average is MEAN not median. Be careful. I don't have a mortgage.

@Investormillard

17 күн бұрын

No mortgage here but $500k in unsecured debt from spouses school & theft from wire fraud!😮 Here if you don’t buy a trailer you’re looking at $10k apartment or $8k house. Houses in distant exurb are $800k insane property taxes & some land that’s not even commercial has broken $1 million an acre!

@Investormillard

17 күн бұрын

Don’t enslave yourself to any secured debt even a car

There are also home maintenance and repair costs.

I disagree, majority of the market owners should not be. They’re 2 willing buyers for 1 house. A homeowner should not be under water. If they are, they can easily sell at break even. Majority of owners can make a large profit from equity. I expose this myth as fake.

The property tax should be based on the sale price and should be abolished once the property is paid off. Every government institution; local, state, and federal, needs to be rigorously audited by independent entities as well as making all spending public. Woth the exception of certain military spending. I know, I'm not too keen on it, but there are some things that seem innocuous but are of great detriment to the country. All of that to say: it is a spending problem, not a tax revenue problem.

@thehonesttruth8808

20 күн бұрын

The property tax has no relation to the mortgage…i do agree that it should be based on sales price and increases should be capped at .5% per year

@BLUELEADER78

20 күн бұрын

@thehonesttruth8808 I know. It's based on the value of the property. Value increases, tax increases. That's what happened to my mother back around 2008. A quarter million dollar house, a $450 mortgage, a rapidly expanding rural area, and in the end, it was the taxes that priced her out of her home.

Boomer here. I own my home free and clear. Paid $250K. Now worth $600K. Not selling. 😃.

Home owner ship for middle class is already over. No one can afford a 500,000 mortgage

Saw all this in the late 80s early 90s people borrowed to the hilt,bought , kitchens bathrooms ,extensions then the negative equity came through the housing collapse, people were defaulting on £35000 mortgages and being repossessed

Everyone went into a buying frenzy. DUHHHH

@brawndothethirstmutilator9848

20 күн бұрын

We have a housing shortage (short by around 5 million units nationally). Inventory has been near all time record lows since 2020. It’s going to take years of new starts to fix it.

My girlfriends dad keeps hounding me about when I’m gonna buy a house, I keep telling him the same thing. When interest rates aren’t highway robbery I’ll more than glad to buy one. Until then I’ll keep saving.

@brawndothethirstmutilator9848

20 күн бұрын

Historically the Real Estate Cycle is about 18.5 years. If you’re betting the statistical average bet on around 2028.

@Travis12861

20 күн бұрын

And you’ll keep missing out on the appreciation…

@timothybogle1461

19 күн бұрын

This is where interest rates should be, 2008-2022 is the anomaly and was artificially low. The market will figure this out and pain has to be endured.

@flipdiva0007

18 күн бұрын

Historically rates are quite average. Don't hold your breath waiting for them to come down.

@bw7754

18 күн бұрын

@@flipdiva0007 that’s depressing 😂 appreciate the info though

Live below your means who gives a crap what other people think? I’d rather have them think I’m broke anyway because it benefits me. My husband and I make 180k a year and we qualified for a 600k house. We still bought a 2k square feet 350k home. No ones opinion is worth your freedom!

There are only two questions you need to ask yourself when you buy a home.... 1) Barring some unforeseeable horrible circumstance (illness, stock market crash, etc.) can I afford this mortgage, insurance, utilities and property taxes? 2) If the market changes am I ok with staying in this house longer than I planned to? If it's not "yes" to both, you have no business buying the house.

I purchased twice in Georgia after COVID, both within top school districts. In Q2 2020, I bought a 3,200 sq. ft. house for $365k with a 3.5% down payment at a 2.25% interest rate. I sold it for $525k and used the equity to purchase my forever home for $640k (4,300 sq. ft.) In Q1 of 2022 with a 15% down payment at a 3.25% interest rate. I used the 5% to upgrade the house, and it appraised at $740k, which is low based on current comps. Not everyone is in financial trouble; many of us are doing well. Even if my house's value drops below $540k, I wouldn't sell because what goes down will always come back up. People need to be patient and focus on increasing their income and save more.

The overwhelming majority of homeowners are in fixed rate mortgages. They aren’t even effected by changes in interest rates.

@pinschrunner

20 күн бұрын

If they are upside down and need to refi, they will face higher interest rates. That was the point

@Ch4rlz_ThA_Princ3

20 күн бұрын

This is true for those who secured homes before around early 2021 on fixed interest. I have a really good friend who just recently secured a 1.2 million dollar home in California this month... at a 7.4% interest on her mortage 🤦‍♂️ The down payment i calculated she just put down on it made me so nauseous that i refuse to ask her the actual number. Even now that ive gotten my series 7 certification, very few of my actual friends seem to actually ever listen to me until AFTER their financial decisions have blown up in their faces unfortunately 😒 Ugh and the ignorant realtors insisted to her that 7.4% was a good deal because "they" all agree that interest rates will go even higher. They dont even understand that the Fed only controls the federal funds lending rate which extends primarily to banks. The bond market, US treasuries and their relationships with global trading countries are what dictates interest rates for the most part. And though the Fed historically lags behind the yields by 6-12 months, the most significant yields are finally demonstrating a exhaustion of this multi year rally. Rates will begin going down within a year. If they dont, then our status as the global currency is going to be in serious trouble which would have global far reaching consequences far beyond anything we've seen in 100 years

@gsdblack1

20 күн бұрын

Exactly. Nothing to see here.

@CrashBr0

20 күн бұрын

WRONG. It only took a 3.6% COMPLETED foreclosure rate (not just delinquint) to cause the GFC.

@Youknowwhatscoming

20 күн бұрын

Wrong. All you need is a job loss and no savings for ppl Not being able to afford even the house they live in

This guy cracks me up, “go through your credit cards and go line by line and stop buying things.” Yet he’s over here telling people to buy his merch, the future is bright yeah maybe just for you

I'm loving the whisper at 4:46. Nice foreshadowing.

Those of us who bought a half a million dollar home isn't because we "wanted a better house". I am one of the statistics that moved to Texas during covid. My intention was to buy a $350k house like you said. However, those same houses that were $350k shot up to $500k and it became impossible to find a $350k home that wasn't in shambles. The first home I made an offer on was in fact $330k. After inspecting it, however, it required over $100k in repairs! I wanted to buy a home that was move in ready and NOT a fixer upper. After looking at over 80 homes in the San Antonio area, I was forced to buy one in the $450k to $500k bracket, if I did not want a fixer upper. Luckily, my husband and I both pull income making us a double income household. But I did put a huge down-payment on it, so yeah, that money may be gone now. But at least I am not upside down.

@colettespencer3357

19 күн бұрын

I did the same. Vegas. Im happy regardless of if I go upside down

@JP-eo8xb

19 күн бұрын

@@colettespencer3357 My wife and I are in Vegas too. The prices shot up 50% in just 3 years and we both make 100k salary each. We never bought into the market, or plan to any time soon because we were afraid this was going to happen.

@malcolmlove4602

19 күн бұрын

How were you "forced" to buy? What about renting? You weren't forced to do anything, you made a conscious decision to purchase the home. Take responsibility for your actions.

@aliciat3049

18 күн бұрын

@malcolmlove4602 I was renting, but outgrew the apartment. But, you are missing the point. The guy in the video said people did not want to settle for a more humble home because they wanted to buy up. But that is far from the truth of the reality, which is move in ready homes started in the half a million dollars range.

@Investormillard

17 күн бұрын

You’re foolish. No secured debt should have paid cash for a trailer!😊

US Dollar is going to end up like Zim Dollars!

@brawndothethirstmutilator9848

20 күн бұрын

Historically all fiat currencies go to zero. That being said, can’t have a hyperinflation of the dollar while it’s still the global reserve currency. Wake me up when the dollar completely loses reserve status…

@Theashleydenise

20 күн бұрын

I agree! The paper fiat is coming to an end soon

@punkask3619

20 күн бұрын

@@brawndothethirstmutilator9848 BRICS are working on that ,40 Countries are going to BRICS and ditching the Dollar

6:20 I hate arrogance too! Just because you are good or even great at what ever it is you are doing that doesn't mean you have nothing left to learn. Impossible. So keep playing the game of learning.

@Circuses

20 күн бұрын

PBD is the most arrogant person on podcasts lol

Pat and Fam: brilliant work on being plugged in on this hot topic and honoring the audience by making yourselves relate-able @5:13 and providing timely, relevant, and actionable ways for us all to evaluate how we can do the work that is necessary during this fickle financial landscape. It’s easy to say you want to help and serve an audience…it’s another to demonstrate the humility and human component needed to touch the audience. Bravo 🎉 #OsamaYoMama

Remember, these are choices made. Sometimes you have to live with them.

@dlastjedi1627

20 күн бұрын

agreed! recession, covid, inflation people are always going to flex. lets go buy that 70k vehicle when the payment is near the cost of a mortage payment!

Million dollar home! I would like to just to afford a 350,000 home.😅

@4X4ish

20 күн бұрын

You could, but I bet you have a car payment.

too many homes in use have been over-valued and will correct....a lot of people will be really sad - it's not just what house you got but where you bought it

They increased my home appraised value by 30,000 in tarrant County (tx). They don't give a shit about the middle class

They deserve what they get for paying MANY thousands AND even 100's of thousands OVER ASKING, NOT getting appraisals, NOT getting inspections. We went from a not even 700 sq ft 1 bedroom apt on the second floor and into a 3 bedroom 2 bath home where there is NO HOA, We have the double homestead exemption, Gave the seller their asking price in 21, My total mortgage payment is a whopping $404 a month that we overpay each and every month on the principal since the first payment was due , knocked almost 7 years off the life of the mortgage so far and IS assumable IF we ever wanted to go that route. . We also raised the deductible on our home owner's insurance. SERIOUSLY get TOUGH on YOURSELF and say I CAN eliminate this from my budget, eliminate this from my budget, Cant have a champagne lifestyle on a cheap malt liquor budget. Get a 2nd, third job, a side hustle if you're having that much trouble.

Fed needs to raise rates to 20% and keep it there for 20 years. Please do not cut rates back to zero like 2008 so rich can borrow money cheap. If people can't afford the loans then they have no business buying a house. Then maybe home prices will finally become affordable again.

@Bootyeater999

20 күн бұрын

No if the government stopped spending so much money and devaluing the dollar should be gone.

I really appreciate you guys sharing a little bit about your story. You gave me hope that things will turn around. If I had the money I would love to talk to you guys , I desperately need help with understanding how these things work so I can set myself up for success in future. Appreciate this channel so much thank you.

Pbd is now my top 5 fave. Being in debt is mostly because of behavior choices and he articulated it very well. Awesome words of wisdom.

buying more than you can afford and buying in an hoa are all stupid ideas

Down the Jersey shore house insurance almost doubled ,taxes are always going up. To replace a water heater on average $1500

@77Redleader

20 күн бұрын

They don't want us to own anything.

@Investormillard

17 күн бұрын

Water heaters in tx $5k, ac unit $22k. Many going without!😅

Bought my first home in 2001. I’m on my 4th and last house. We always bought the ugliest house in a nice area. My husband and I are also handy. I figured out pretty quick that show room new cost a lot more. This last house was empty for 2 years. And we had to clean it out and do a mini gut to move in. The price was too good to pass up.

Yikes…I can’t believe that folks bought at 7%. That’s rough😬

Biden’s America

Yay. Crash, crash crash. Got my savings ready for a reasonable priced home. Residential home landlords. Everybody bought homes or second homes thinking they can sit on it and "always resell" at a profit in 4-10 years. But when the house will not sell and you can't maintain, then they start to fall in price. You won't be able to sell for what you paid into it & will be at a heavy loss or just ride out until default.

@frankdestra6576

20 күн бұрын

Yep me too . Been waiting for the crash !

@cattledog901

20 күн бұрын

You fundamentally misunderstand what PBD is saying. The only "crash" is coming on homes that have huge mortgages and are upwards of350-500k that you couldn't afford anyway. "Normal" value homes for working class are still going up and won't be coming down because demand for them and owning your own property for a reasonable price will always be better than renting to a landlord. Waiting for the "crash" thinking a 350k home is gonna fall into your lap for 100k is top tier foolishness.

@bomaniigloo

20 күн бұрын

​@@cattledog901 how many levels of cope are you on my guy?

@cattledog901

20 күн бұрын

​@@bomaniiglooYou slow and didn't watch the video? They literally said people taking out unreasonable mortgages on expensive houses is the problem. If you actually look at the market on 100-200k homes for working class people they are still going up in value. Try to keep up.

@zazasmoka-sd6tx

20 күн бұрын

​@@cattledog901Exactly, if anyone bothered to listen the point was people who overpaid for their house and mortgage are in trouble. The normal housing market is still not going down.

Thank you Pat for encouraging men to man up.

I was selling tacos and tortas on the corner of Kimball and Addison in Chicago I had to do it for my family.

So nice to see just the 4 of you....

Great advice you have to do what others won’t to get ahead. I worked full time drove Uber and had a side gig. Now our side gig makes $$$ and I still work full time