Housing Market IS IN BIG TROUBLE! SALES CONTINUE TO DROP...

@gooutsideasfollows9105

4 ай бұрын

Can u do a walk threw of a lil town called trinidad ca it reminds me alot of ozona fl by palm harbor

@onefootflipper

4 ай бұрын

@onefootflipper 0 seconds ago I got forced into ebay when I had my leg amputated in 2020. Definitely doing better at ebay than I ever did with a 9-5 job.

@GPG0000

4 ай бұрын

Where, Mike? I need some data for Sacramento!

@johngreg12

4 ай бұрын

And it continues to rise in other areas of the country. Therefore, at a national level, there is little to no price drop.

@tmdrake

4 ай бұрын

just waiting for it to bottom out...

Much love for having me on the show ! Had a lot of fun

@CliffNotesAnesthesia

4 ай бұрын

😂😂😂 great job on this video! Bringing value and entertainment 😉 Valutainment 😏 🤔 similar to another Miami based YT channel 😏 great job

@ronjros3

4 ай бұрын

The GOAT

@time2eat850

4 ай бұрын

A man without a BILL is a RICH man 😘

@jumper9108

4 ай бұрын

A man with no bills, is a rich man. Classic 🔥🔥🔥🔥

@vhouser100

4 ай бұрын

I love seeing you two together!!

People in the neighborhood: "Oh great there's TWO of them now!"

@catherinerose1607

4 ай бұрын

😂😂

@CycleBreakersCommunity

4 ай бұрын

😂😂😂😂😊

@CycleBreakersCommunity

4 ай бұрын

Why did I find this comment that funny 😂😂😅😊?😊

@tashahall1855

4 ай бұрын

Lol

@BlahBlahBlah85651

4 ай бұрын

There goes the neighborhood

the couple living in a free house sound obnoxious...they are the ones that have been extremely lucky but will never realize how hard it is for the remaining 90%

@MichaelBordenaro

4 ай бұрын

100%

@Althea1111

3 ай бұрын

💯 I’m trying to understand why they were even complaining! I don’t get it.. maybe they wanted to be able to buy it on their own, but don’t keep complaining after someone drops a free house in your lap! I’m much older than those people and still can’t afford a house. I have no sympathy for them.

"Let them eat cake!" - Marie Antoinette in a Range Rover

@oweunuffin2252

4 ай бұрын

😂😢

@nickpavia9021

3 ай бұрын

Marie Antoinette never said that. She was a victim of communists who want to tear down all of Western people's accomplishments.

@MplsMaven

3 ай бұрын

Range Rovers suck! They are money pits from day one!

@relikvija

3 ай бұрын

Hahahaha

@Laurahl33

3 ай бұрын

@musashi4856 that’s a lie, she never said that!😂

I barely make 3k/month and I bust my butt. It's rough out here for regular people. I remember when $25/hr was a good job, now it's barely getting by.

@imxploring

4 ай бұрын

$25/hour and you're most likely living in a car.... or refrigerator box under an overpass by the highway.

@schawnettarobinson8584

4 ай бұрын

Exactly ❤

@kipincharge2833

4 ай бұрын

😅make under $18,000 and must hand $4000 in serf taxes(property tax)to the overlords;should get an award for making this work😊for now😮😅😊😂

@AdamHarrisongpl-projx

4 ай бұрын

I work in Aerospace engineering and am living in a fucking van.

@glow1815

4 ай бұрын

And I'm not even making $20 lol

I was born in 1962. Evil boomer generation. The best advice my dad gave me was live under your means. It worked for me.

@glow1815

4 ай бұрын

Great advice. Most doesn't why cycle repeats.

@AdamHarrisongpl-projx

4 ай бұрын

You had a dad that actually cared. That makes all the difference.

@wolfmannews

4 ай бұрын

Today father's advice is to live under a bridge that isn't too crowded.

@henson2k

4 ай бұрын

Do you think people are in debt because they don't know that?

@user-db2ob2jc2f

4 ай бұрын

Your "Needs" are "Limited". Your "Wants/Desires" are "Endless".

People born rich have no idea what the real world is like. And making $17.00 an hour you can work all the hours you want and you wont get rich. And still cant pay the bills . They have no idea. Kind of sickening

@clayton56tube

4 ай бұрын

some of these Tik Tok girls talk about their bills, and they have a long list of bills they pay, cable, Netflix, whatever. Cut back to the basics and just pay those.

@Sedijoyque55

Ай бұрын

True

@ladycactus110

Ай бұрын

What galls me is how much money the rich waste, even the “slightly” rich. I’ve had an inside view. Makes me want to 🤮 .

@sammythompson3694

Ай бұрын

Tax the middle class and the poor is what they do anytime your hours go past 52 you are receiving $1 hour after taxes.

I once slept in a old rusted out car with no doors in north eastern Washington during January. Now I have my own Lawn Care business.

@SpiKSpaN-ei6zq

4 ай бұрын

Tough out there

@mindlessdillan

3 ай бұрын

Had to ask my Ex if I could sleep in her car. I awoke many times from the cold because my toes were tingling and interrupting my sleep over and over and over. Now, after years of working and college, I live in a Van 😂

@startingtech3900

3 ай бұрын

Great bro , how did you not die?

@mrECisME

3 ай бұрын

And all those people paying for their lawn care have £10s of thousands of debt and are paying you with credit cards.

As a Walmart cashier, I see many, many people pay their bill on 3 credit cards. Forget about how many times cards are declined. Jack is right about a person with no debt is a rich person.

@noreenn6976

4 ай бұрын

3 cards, wow!

@DianaPrinceitiswhatitis

4 ай бұрын

Dang!

@glow1815

4 ай бұрын

Yikes!

@commonsense6967

4 ай бұрын

Well...I paid for my new roof on 3 credit cards a couple of years ago, but mostly because they all offered 2% rewards (which means, a 2% reduction in 25K roof price!)

@MichaelBordenaro

4 ай бұрын

Absolutely. No debt right now is the new wealthy.

The only things I put on my credit card are booze, strippers, and cash advances for eight balls of blow. Aside from that, I’m very responsible with my credit card spending.

@imxploring

4 ай бұрын

Great way to stack up those air miles!

@richardlee2120

4 ай бұрын

😂😂😂

@MichaelBordenaro

4 ай бұрын

😆😆

@brn2863

4 ай бұрын

lol

@BREEZYM6015

4 ай бұрын

Something tells me you might be telling the truth. 😂

Rich people are out of touch with reality

@clayton56tube

4 ай бұрын

Most people are out of touch with reality

@xbirdsofparadise

3 ай бұрын

@@clayton56tube everyone is out of touch with the reality of any groups of the population / demographics they're NOT part of.

@xbirdsofparadise

3 ай бұрын

MusicaMed and everyone hating on the rich for "being out of touch with reality" wish they were also rich, and if they were rich they wouldn't give away most of their wealth to the poor either and most of them would spend LAVISHLY ON THEMSELVES or their OWN family/friends so basically they're just jealous hypocrites 🤣🤣🤣 it's actually pathetic like if you want ppl to be good, be good and altruistic and generous and help people YOURSELF FIRST or else you're just a whiny hypocrite BABY.

@azbob1951

3 ай бұрын

...Rich, out of touch? My son, now 38, attended a private Christian K-12 college preparatory school. He knew many kids whose 35-ish and up, parents literally did not ever go to work. More than a few had no idea what the mortgage payment on their home was or what model BMW or Merc they owned. One, a favorite of Fox Business News, Craig, in the 1990's, bragged about paying cash for his million dollars home and having Charles Barkely as a neighbor.

@xbirdsofparadise

3 ай бұрын

​@@azbob1951 Again, they're just out of touch with YOUR and the masses' reality but not their own! and ppl who h8 on them wish they were them cuz everyone wants to be rich and they'd be outta touch too if they were.

The cost of shelter, food, medical, education, children and a new vehicle, are now out of reach for the average person.

@clayton56tube

4 ай бұрын

I'm a boomer, never had a new vehicle, and in fact just bought my 4th car at 64 years old. Still have the 3rd car. Make them last.

@endorphinrider62

4 ай бұрын

@@clayton56tube ~ A old car is beautiful with the low registration and insurance costs, and no car payments. Owning a new car will put you in the poor house quick these days!!

@jjoutback

Ай бұрын

No one needs NEW vehicles. My parents never bought cars under 6 years old or older.

I live in a van and am an aerospace engineer. Wages fucking suck everywhere.

@Horatio1886build

4 ай бұрын

My extended Chevy Express Van is a tolerable space to live. It could work but one needs a pleasant place to park with safety and hook-ups. Hey! Maybe a business opportunity.

@mida8261

4 ай бұрын

My uncle is an aerospace engineer who started his career in the '90s. Guy owns multiple properties, including a huge house on lots of acres as his main property. Meanwhile, a friend of mine who started his career as an aerospace engineer was lucky to find an apartment in a sketchy part of LA. If an engineer barely breaking the 6 figures is barely making ends meet, what hope does anyone else have? Especially out here in SoCal.

@DeportillegalAliens

4 ай бұрын

I live in a van and I'm a doctor.

@SpiKSpaN-ei6zq

4 ай бұрын

That is not a good sign for things to come

@neilyounan3241

4 ай бұрын

I live in a Van and I’m a Software Engineer for Google 😂😂

As for having children, a child if you wait too long, you won't be able to. A child is very expensive and a lot of work and sacrifice. I have a 24 year old son. I'm still doing just fine. My wife and I worked it out. When my child was born, my wife wanted a bigger house. I pointed at my son crawling on the floor and said, there's your bigger house right there. Everything worked out just fine.

@jodiekohut9443

4 ай бұрын

Did you think raising a child was free?

@AmericanConstellation

4 ай бұрын

Hell no! Just the opposite. Why would ask me that? @@jodiekohut9443

@ReturnOfTheJ.D.

4 ай бұрын

@@jodiekohut9443 For my parents it was almost free, back in the 70s and 80s. They just said no to any request for anything more than basic survival (i.e. a bike to get to school was the most they could permit) until I didn't bother asking anymore. It got slightly better as I got older because I could provide value by babysitting a sibling a decade younger and later looking after a house for two years while it was being prepared for sale. Most of the money my parents made went into buying two houses in different states, which they had paid off in full by 1988 and 1991. The only problem was, they sold both for cheaper places in the late 90s, before prices rose sharply, and against my protests. They would have quadrupled their money if they'd held onto them by now, and neither was sold for financial reasons - just a lack of appreciation of the value of them annd future growth prospects.

@suzybearheart530

4 ай бұрын

Although on the flip side, my husband and I didn’t meet until our late 30s. I was 39 when we had our son and honestly it’s been great because we both worked and saved and already had a perfect house for a family of 3. Baby boy is almost 3 now and I’m 6 months away from early retirement so I can just be a full-time mom. So - being an older parent can work too. I think there will be perks to having kids early in life but I am definitely seeing benefits of doing in later. ❤

@clayton56tube

4 ай бұрын

@@suzybearheart530 you were supposed to have 4 kids not one. This country is well below replacement level.

Its so bad for me that my parents live in the house I'M renting.. with my 3 siblings. Thats on TOP of me, my spouse and my kid. I have NOTHING generationally speaking. They're worse off than I am. Lord help us who are struggling.

@WN_Byers

4 ай бұрын

Keep your head up!

@asullivan4047

2 ай бұрын

Welcome to Joe Biden's democratic new world economic disorder-!!!😉.

@Tee-Star

2 ай бұрын

That's 6 adults living in one house. If u all work and split the rent and bills, u all will be good.

@bswyeldell

Ай бұрын

Yet you are blessed because you have each other. Hang in there.

Even households making 250k or more annually are waiting and do not want to waste their money on over priced houses.

@edwardduarte7393

4 ай бұрын

my cousin makes around that much but he is a tech lawyer. homes go up to million.

I appreciate how he takes off his sunglasses when he is talking to you

These guys are some of the most down to earth guys on KZread. Upfront, no bs, take it or leave it. When I saw this episode I was like wtf double vision two of my favorite channels now they met up?! 😂

@JackMorgan_RLP

4 ай бұрын

We try 😎 much love

@professorlib

4 ай бұрын

They both have annoying voices though.

@JuancoPRoFlow

4 ай бұрын

Gayyy

@melissal3383

4 ай бұрын

They are making money off of your fear. People don’t do anything when they are afraid. Trying to “time” things. So they sit on social media hoping for answers. The answer is to get off of YT & go to work

@professorlib

4 ай бұрын

@@melissal3383So true. And everyone is doing it. I stopped watching a lot of videos because I don't need anymore doom and gloom in my life. Times have always been tough but being a wimp doesn't solve anything.

Well, things can not keep going the way they’ve been going. Maybe a lot of viewers here are too young to remember the 90’s but our standard of living in general has dropped a lot since then. Food was cheap, medical insurance actually Paid For Things without reaching a $6000 deductible and was affordable. I don’t know how this country can go another 20 years on its same downward trajectory. Something is going to break before then. You already have problems recruiting for the military. Is this because no one wants to join the military? Or is it because no one wants to defend a broken political system which has continued to demoralize its citizens for decades?

@user-wc4si9hc5l

2 ай бұрын

Amen, and Amen!

My father taught me about credit card debt when I was young and it is a lesson I will never forget. I pay that card off every month!

Now our tax dollars will help those who have never paid taxes become homeowners...

@mowthpeece1

4 ай бұрын

And tax payers.

@rorycalhoun1126

4 ай бұрын

FJB

@muddyriverdogz

4 ай бұрын

Exactly. Illegals getting more money than americans who work for free.

@AshleySpeaks4U

4 ай бұрын

The government wants real estate "investors" to get their profits. So throw more tax dollars at the wealthy by SUPPOSEDLY "helping" the poor. Walmart employees use more food benefits than anybody else, and Walmart makes $150,000,000,000 profit annually. You can bet a good $100,000,000,000 of that profit came from the government via food and cash "assistance".

@wasteddude

4 ай бұрын

​@@rorycalhoun1126FDT too. All of them.

I’m a Firefighter paramedic and my wife is a nurse, she works per diem and homeschool our kids. We are having a hard time saving to get a house, I work my butt off and miss a lot of family time. I totally understand the people who were given a house. they aren’t out of touch, they understand if they didn’t have rich parents they wouldn’t have a house. So kudos to them for still understanding the system is broken.

@robertbeasley2070

4 ай бұрын

I work in the hospital and no doctor here. I get about working hard and feel for you because I see what you guys do and have total respect for what you're going through.

@wayneburch3775

4 ай бұрын

Curious about your location.. nurses starting pay in My Area is About $80k Up.. firemen start high $90s both with All benefits.. average home under $350 to $450.. Central California.

@robertbeasley2070

4 ай бұрын

@@wayneburch3775 Got it! I’m in MO and not even close to those standards.

@nmm913

4 ай бұрын

Kudos to you both! Your family sees your sacrifice and your wife is amazing for working AND homeschooling your kids. I do the same I work full time and homeschool 3 kids and I know it can be a lot. Kudos to you both and best wishes, your kids have great parents ❤😊

@rosebleue983

4 ай бұрын

you missed the point about that couple.

This is really good Michael. Thank you for your friend coming on board. I come from generational wealth, but I had major back surgery and I can barely work now. I make really great money when I can work because I'm highly skilled. But now I'm struggling. If it weren't for my family I would definitely be living under a bridge somewhere. I'm extremely grateful. 🙏💕🎶

@BokeemWoodbeezy

4 ай бұрын

I am very healthy. I run 8 miles a week. Very fit. Learning to code - C# and .NET. I also have an MBA. I don’t come from a wealthy family. I have student loans. I have 8 years of international business experience. Laid off last year. Having a difficult time finding a decent job. I work two jobs to get by as a barback and customer service in retail. Sometimes Uber. I do own a car, 2016. My mom can’t afford to live on her own. We live together. This should put things into perspective. Money versus having no money. Is health priceless? Would you trade lives?

@airgin3000

4 ай бұрын

Russ how did you hurt your back? Was it work related? What is your skill set that you mention that is highly paid? Why cannot you do it with a hurt back? It is not software?

Not a collaboration we deserve, but a collaboration we needed! Well done Jack and Mike!

Whaaaaattt?!?!? Awesome, seeing you 2 together 😂😂😂 Thank God that I am FINANCIALLY EDUCATED. YES there are LOT OF PEOPLE that are DETACHED FROM REALITY 😅

@MichaelBordenaro

4 ай бұрын

This lady that stopped us was completely detached from reality. Lol.

@JackMorgan_RLP

4 ай бұрын

Good times

@actionfaction2558

4 ай бұрын

My guys…

It's gonna crash and they're going to bring out their digital dollar. And then every dollar will be tracked.

@shanejones578

4 ай бұрын

Fuck that I won’t do what you tell me… 🎶

@prd004.2

4 ай бұрын

Indeed. You know they have it all ready to go… That’s why they’re bringing it all crumbling down

@nickpavia9021

3 ай бұрын

All sorts of underground currencies and black markets are going to pop up if that happens. Though many people with power probably want that too.

@mesparzajr

3 ай бұрын

@@shanejones578😅

@perdybirdie

2 ай бұрын

Agree. Part of the 2030 new world order plan

We recognized the housing market was broken and had one son move into a rental we had and bought another for our other son. Both of these occurred after our grandkids were born and we saw no hope of them being able to afford a home on their own. They’ll inherit the homes when we pass. We are very fortunate, but it’s tough out there.

unfortunately, we have a generation who hasn't learned about the difference between wants and needs. Fast Food is a want. For example, yesterday I bought a lb of good hamburger meat on sale for $4.00. I made 4 patties out of it. Bought a bag of frozen fries for $2. Total cost was 1.50 per meal. That same meal at a fast food would have been $5 per meal. I am mortgage and debt free and live on less than 1,200 per month . It can be done.

@actionfaction2558

4 ай бұрын

I agree whole heartedly with this statement. Also, no delayed gratification, …every want that pops up requires an instantaneous fix.

@suzybearheart530

4 ай бұрын

$5 per meal? Maybe 3-5 years ago. My friend, I would argue you saved yourself a lot more than you realize. At least in my area, burger and fries will now run $8-12. So kudos to you for saving money and I bet it tasted better and was healthier too. 🍔🍟

@Thedesertguy75

4 ай бұрын

This is called living? More like conditioned existing..... boring

@Dankmemeslover69

4 ай бұрын

@@Thedesertguy75have fun going broke then lol

@joshedge73

4 ай бұрын

Yeah! Hamburger meat and bag of fries! I don't think it's a sustainable advice for a good health 🤣

I don't understand how anyone can afford all these 100k plus cars and trucks, plus interest.?

@Dankmemeslover69

4 ай бұрын

generational wealth

@CoolHand273

4 ай бұрын

YOLO. I am mainly surprised how much these houses are. The incomes are not high in Miami. I am assuming its international laundered drug money/proceeds from state capture. This could be a good explanation as to why home prices are so decoupled from people's incomes.

@nickpavia9021

3 ай бұрын

@@CoolHand273 Wealthy people from all over the country have second homes in Florida. I think that is definitely part of it.

Having kids now is a complete economic trap of the worst kind.

@JamesAllen-xk8bc

4 ай бұрын

Sadly, that's true. The only people having kids this days are either rich or on welfare. Nobody in the middle.

@crashes82

4 ай бұрын

What else are you gonna do? Sit around with all the money you saved?

@endorphinrider62

4 ай бұрын

Having kids is a sucker's play now. I'm 61 and never had any (that I know of).

@aahsimovieprojects

4 ай бұрын

@@JamesAllen-xk8bc ummm, I'm neither rich nor on welfare. I make a solid middle class income, in my late 20s, and having my second kid later this year. It's all about your priorities.

@night5091

4 ай бұрын

Kids are an economic trap. I hear it from plenty. It’s not when they are young, it’s when they get bit older. They cost a lot of time and money. Why lot aren’t having them. Not an opinion it’s a fact. I can retire in 5 years. Most people I know with kids will be working until hell freezes over.

I WANT TO SEE THESE TWO TOGETHER ALL THE TIME. WOW.

@lisasanchez7597

4 ай бұрын

Yes, please add more like minded people. 😇

You could have painted that lady a Sistine Chapel’s worth of explanation and she still would not be able to relate.

I was lucky enough to find a 1 bedroom in NY for $655. Credit card debt is at $553. It’s scary definitely gonna pay that off asap

@debbiec6216

4 ай бұрын

you can do it , don't give up !!!!

@Maristella-qi4us

4 ай бұрын

I really appreciate it. Also 27 with a 2 year old so it’s definitely a struggle.

@clayton56tube

4 ай бұрын

try paying the same total, but pay it once a week. If you can afford $100 a month, send in $25 a week. Don't wait until the bill comes. It reduces the accrual of interest and bites into the principal faster.

The Boomers didn't have to go through the reset. Their parents did.

@Golfing422

4 ай бұрын

They did. In 1981-82, you couldn’t get a job at a gas station for 3 bucks an hour and interest rates on a home were 12 percent and that was when places actually did indeed pay minimum wage, not five bucks above minimum wage like they do today. Our government unleashed imports and I remember half the kids dads lost their jobs at steel mills and auto plants and they got free lunch at school. It was bad, worse than anything I’ve lived.

@phuchyouh7171

4 ай бұрын

​@@Golfing422I bet you're from Ohio the steel belt area

@Golfing422

4 ай бұрын

@@phuchyouh7171 Downriver, south of Detroit.

@phuchyouh7171

4 ай бұрын

@@Golfing422 same thing! A shame what has happened to once thriving areas...

@Golfing422

4 ай бұрын

@@phuchyouh7171 They moved on to low paying service and retail economy for the working class. Then again, I feel like working class people no longer exist because no one really wants to work a job where you actually do physical labor. If these places where still here, they probably wouldn’t have the workforce they need people are so lazy. Everybody today is so rich they can just opt out of work if they don’t like the job or wage.

The people coming across the southern border are not mexicans. Some maybe. But it us people from south america, china, middle east, africa, etc

I used to live in a "gated community" in Florida, mostly retirees who had plenty of money. These people truly do live in a bubble. What's worse they down on anyone who is not 65 or older. I will never live in southern Florida again.

Built my house in 2005 ,got a construction loan hired subcontractors and saved a ton of money ,when your in control you get what you want with out wasting money and you supervise every aspect of the job . KZread can teach you almost everything to make it happen.

@rigor601

4 ай бұрын

Been thinking about doing that 😂

You know it's bad when the lenders are rolling out their new scams and 'deals' to help people consolidate debt etc. It's despicable.

I live with my wife's family, we split the rent 3 ways, we have a decent sized house that everyone has their own space. I'd rather live here with them than on our own. We can afford our own place but saving money on rent is nice.

@JB-pd3ir

3 ай бұрын

That used to be the way in the old days and if you can get along it is probably for the best because that way you can help in each other in many ways.

Interesting meeting Jack, subscribed 2 his channel. We are now age 72 and retired at age 52. We cut coupons, and our cars in this life have been a 1978 Dodge Aspen,1985 pontiac Fiero, 2001 Toyota Camery, and a 2005 Grand Caravan. We saved and paid cash for each one. We sold the Aspen with 300K miles to a poor family for a dollar. It still is in use. We sold the Fiero with 200K miles to a collector for $100. We keep the Camry in MOAB Ut for roar trips and drive the Caravan at home with 180K miles on it, All have been reliable cars and we do not need to impress anyone. Spend our time taking vacations or staying in our home I bought way back when I was 35 years old,

I grew up eating food from Dumpster’s. Now I am a multi millionaire. It took a lot of hard work but a hell of a lot more luck. I feel for young people today. My children are in their 20s and they still live at home.

@endorphinrider62

4 ай бұрын

Kids don't move out anymore, you're stuck with them now. The economy doesn't support children becoming adults any longer...

@user-lb8bg6kj9m

4 ай бұрын

Family is with more than money.

@guruprasadf07

4 ай бұрын

Are they struggling financially?

@7000x

4 ай бұрын

You are a multi millionaire and kids live at home. Hahahaha

@marblox9300

4 ай бұрын

@@7000x Something seems like B___ S____ with this comment. For one - nobody eats from dumpsters. Then he turns into a millionaire. Don't believe everything you hear or read. LOL.

Hey everyone! Don't try to buy / acquire a home. They're really expensive. But if you can get one cheaply, then get one so your monthly costs are fixed. Otherwise just rent or buy an RV. I'm living for just $681 a month in a mobile home park. Utilities included! I might move over to a place that is $500 a month. Utilities included. This is just north of Sacramento Ca. Bout an hour drive. Sacramento proper would be $1200-$1500 a month for a mobile home/ trailer park spot. Too much. Rural is way cheaper. I hope everyone can make it to the country. Plus you'll have chickens, goats, donkeys and cows to keep you company. Russ M.

I’m keeping my son living with me. He wants to move out but can’t afford to. I just don’t want him pissing away his checks to rent.

Micheal .....You aren't negative, you are telling the truth !!! Only way to be!!!! Open and Honest!!!!

@27blanx

4 ай бұрын

True, but offer solutions. How can one take control?

@deannab8890

4 ай бұрын

Right? Master of the obvious, like a ranting old woman. So, what moves do we make?

@professorlib

4 ай бұрын

He is negative. The truth is what YOU believe.

@fernandoramos5274

4 ай бұрын

the solution is within ourselves, just focus.@@27blanx

@Devinn504

4 ай бұрын

He’s definitely negative for views

That chart of boomers dying ASSUMES that all those houses will hit the market when in fact half of all houses inherited stay in the family.

@KS-yp1jl

4 ай бұрын

Good point!

@Larrysleft4deadagain

4 ай бұрын

Over 70% of inherented properties get sold anyways.

@clayton56tube

4 ай бұрын

since the jab, it's not just the boomers that are dying...

@underleft

3 ай бұрын

Are you implying that someone who makes daily youtube videos may not know what they're talking about!?

@PatrickFoley-vf3lr

3 ай бұрын

@@underleft Are you implying that everything you see on you tube is correct???

I enjoy listening to you both. I am a late learner about economics and finance. Many people are in the same situation as me. Lost half your assets in a divorce and taking care of elderly parent. It's wiped out my savings and I'm paying down debt. I can't help parent any more.

Just follow the same policy as our gov... keep spending, Declare bankruptcy later. You good! 😂 .

I need to vent about FOOD prices. I lived near two weekend "farmers markets" and regularly shopped Publix and Wynn Dixie. Food was much more costly there compared to the NY, PA. area. Even DELI...I felt like a school lunch was too much. Years ago, $8.00 lb lunch ham. WHY?!!

@lindajohnson.

4 ай бұрын

Good question? Why are we paying so much. I think with inflation they raise prices knowing we have no choice and we can or cannot buy it! Groceries are ridiculous!😢😢😢

@Mark-pb8kj

4 ай бұрын

Well when the WEF put out a video of 2030 predictions and one of them was "you'll eat less meat." THEY MEANT IT. These people aren't playing games, eventually you're gonna figure it out and we will collectively fix it. Until then, BRACE FOR IMPACT.

@dlady4

4 ай бұрын

@@Mark-pb8kj Honest question: do you really think there's any possibility of fixing this? When all these elites have their dirty hands in every single possible pot and they pull all the strings? How can we, regular, ordinary citizens ever fight them and collectively fix it? How can we successfully bring down the system? All the alphabet agencies are compromised. Who do we have on our side? Not to mention that the mess is not exclusive to the US. It is happening globally. Look at what they are doing to the farmers in Europe.

@anthonyvarone5526

4 ай бұрын

Food prices have doubled almost in the last 3-4 years. It’s so unaffordable and so ridiculous. I don’t know what we’re all going to do if it continues.

@jeffbianchi-classicalguita1456

4 ай бұрын

Why? Greed.

I'm one of Jack's subscribers. Good F ing man! Enjoy his style and highly insightful content. I was with you Michael before and still rockin with you.. Great creators here folks... Thanks guys..

Your side kick was like a breath of fresh air. So proud of him to try to do better w his finances

Michael you should do a property tax breakdown and show how the government wastes our money!!!

@thedude8526

4 ай бұрын

I'd love to see how they misspent all our money. Great idea.

Love you Mike. Thanks for bringing Jack to your channel.

@JackMorgan_RLP

4 ай бұрын

Seriously

@carolcole9789

4 ай бұрын

​@@JackMorgan_RLPYou are really Funny Jack and I learned at lot from your experience.

We have 3 kids, one income. It’s tough! Had them from 26-30 years old, it’s even more expensive than when they were babies because they eat way more. But no diapers at least!!

@JakeKumar

4 ай бұрын

I'd rather buy more food than formula, diapers, and daycare!

This was the ultimate collab! Many thanks, gentlemen.

So awesome to see this collab! I watch both of ya'll, love from Texas!

Don't blame me, I didn't vote for Biden. FJB.

20 күн бұрын

Biden caused this?...blame the pres....all the free money to help people ...and they foolishly spent it on louis Vuitton bags....

This made my day! I watch both of your channels. I'm so glad you decided to collaborate .

@JackMorgan_RLP

4 ай бұрын

Much love

My Mom just passed and I bought out my Sister's half of her house. I had to pay $7,500 just for the attorney and $15,550 for a bridge loan. Yes, I did get a house for half price, but I still have a 30 year mortgage @ 61 years old. I am so sorry for your loss.

Don't refer to "having a kid" as "screwing up your life." Our two grown sons are the best thing that has happened in our life.

@edithpiwowarski4704

Ай бұрын

I guess it all depends on your lifestyle,, evidently Mike is one of these people that don’t want to be tied down, go when you want he does a lot of traveling, no baggage, except for the wife.. big difference.. and another thing, if you don’t have kids, you don’t miss them.. They are very expensive to raise these days., Especially by the time they get to college… But I agree, Marriage is nothing without kids.. especially when you get Older in life, They are your best friends to the end… And grandkids are a blessing…

20 күн бұрын

Wish all parents were you ..most parents are by accident and irresponsibility

Bro im so happy to see both of you working together. Jack is so funny and unique.

@JackMorgan_RLP

4 ай бұрын

Thanks man

New member…. Love your style, content and delivery…. The information being shared on your platform resonates with me… I wish I had this knowledge earlier in life…Keep dropping those gems…Love you here in Chicago 🍷

I'm an RE Appraiser in MI area. I started cutting back everything I can 2yrs ago. Moved office home, saving $1K/mo. Pay off expenses I don't "Need". Know your "Needs & Wants" and start cutting asap! I'm seeing more and more Foreclosures coming across my desk compared to 1 to 2 yrs ago.

I am part of the 'college is the answer' generation. I took a low paying law enforcement job in 2009 and stayed as far away from credit as possible. Two years ago, I was able to get my student loans completely forgiven thanks to the Pub Service Loan Forgiveness program. I'm debt free, but live in an area where it is actually cheaper to buy than rent ($973/house vs $1800/rent). Thanks to Michael, I've learned so much about the mistakes I don't want to make versus the risks I need to take in my position.

I had a son when I was 34 a year after marrying. It has been the best thing that ever happened. Changed me from being self centred and perhaps selfish. He is at university now in the holidays we hike together, surf, mountain bike, snowboard. I never thought about the money I just wanted to bring someone into the world and teach them and bring them up. Best gift of my life alongside of my wife.

@ronnieriosstayshredded7410

4 ай бұрын

Facts

@mohammedjeffali1076

4 ай бұрын

Having a child is the best thing in the world. I had a child at 40. I guess it was the last minute. (Mohammed is my husband's account) My baby is my world, and I love raising 1 child.

It's so expensive I had to quit existing...now I'm just a "Ghost in the House" (Shenandoah, 1990).

@audreyandrea460

21 күн бұрын

I remember that band!

It took me until my late 20 to figure out I was the talent behind a business and that I should start my own business and taking a greater share of the profit. Because of this decision, I’m able to support our five piece family.

Tomorrow is not promised for anyone.

Funny, guys! I am subscribed to both of your channels and that was before you did this, so thanks boys

Dude I love Jack! So glad to see you two collaborate

One of my friends just got 225k from his parents and he will get more for inheritance. My parents cut me off when I was 16 when I started working and the only thing I ever got from them was $1200 to help with Uhual when I was moving cross country. 225k would absolutely change my life....I would be set for life...Some ppl just get lucky I guess. I'm still hustling to try to get a paid off house someday. I'm prob be 50. My parents live in a trailer that's worth like 20k. No inheritance for me lol.

Michael, you and Jack are really telling it like it is, and not pulling any punches. In this day and age, I have a hard time believing what most people say, especially on TV and on the Internet. You and Jack, I truly believe, are being very honest and very "down to earth", about telling your listeners the "real" truth! Keep sharing with all of us (especially this 77 year old "learner") about "the facts of life". I really admire both of you for speaking out about the different financial problems that most of the public is going to face, in the near future. Joe.

So happy you guys did this video together! I’m subscribed to both of your channels and loved how we got a mix of information + comedy relief because we all need to be informed of what is really going on but man this stuff can be depressing :D

LOL Jack is hilarious! Even his walk and look har har! i've gotta find his channel. I'm already locked into yours Michael and appreciate you too, don't cry.

@wakinglife7065

4 ай бұрын

He dressed up like Michael😂

I never thought, growing up in the 80's- that I'd have children. I wasn't interested. However, I changed my mind at 33 yrs old and had 2 beautiful children. The most incredible, amazing experience - don't miss it!

2008-2011 was some of the lowest and hardest times of my adult life. What I learned from that time was to be more than prepared. Today, I am in such a good place by not getting into debt and making good money decisions. I have saved more than enough for a rainy day. While I don’t hope things come crashing down, I sometimes believe it’s the only way learn. When fight or flight mode kicks in and do what you need to do to survive. In the end if you come out on the other side you will have hopefully learned from it. It’s very humbling.

MICHAEL AND JACK NICE TO SEE YOU BOTH TOGETHER, I DID'NT KNOW YOU BOTH KNEW EACH OTHER THATS GREAT CAUSE I ALWAYS WATCH YOU BOTH, I LOVE BOTH OF YOUR SHOWS, YES THAT LADY AND MILLIONS OF OTHER PEOPLE ARE TOTALITY OUT OF TOUCH WITH THE TRUE STRUGGLES THIS YOUNGER GENERATION HAS TO GO THRU TO JUST EAT AND BARELY PAY RENT AND THEN NOTHING IS LEFT OVER. BOTH OF YOU KNOW THE REAL FIGHT. I HOPE WE CAN GET THE POWERS THAT BE TO CHANGE THIS PROBLEM.

Awesome collaboration 🎉

This was great! I watch both of you and seeing you guys collaborate is so cool.

I am so mad at myself. I could have rented out my house & cleared $1,500 profit after paying the mortgage. Then I could purchase a smaller place & I would have made at least an extra $200,000 in increased equity over the last 10 years. My kids are grown - I don’t need this big house - like Jack I missed out on making a huge amount of money because I didn’t see an investment opportunity. I live in another nice place in Scottsdale, Arizona🌵, Mike.

@davisholman8149

4 ай бұрын

BTW - please have a child. It is a big responsibility, but makes life complete. When that little angel smiles, it is worth all the hard work.👶🏻 Michael - you are so handsome - you need to give our world another little Michael with those great genes.😜

@davisholman8149

2 ай бұрын

Biden gave all his rich friends who financed his campaign a bunch of business, buying crap we don’t have the money for as a park back ( don’t worry, GOP is just as guilty). This is ruining our country - debt our great grandchildren have to pay.

The crossover we never knew we needed. Good to see you two together!

Great collaboration. I did not even know about Jack until now and subscribed to his channel. Thank you both for sharing reality and keeping us up on the current state of affairs. I live as a minimalist and avoid debt at all costs. Live within your means and do not worry about what others are doing or try to keep up with other people.

I love Jack and Iam a 61 year old woman. Love him🎉❤❤❤

Nice, two of my favorite Florida dudes chopping it up!

Jack is a pretty cool cat! Thanks for having him on

Bro! The two legends together!! YESSSS!!!! Love you both.

Sooooo excited for this collab!! I found both of you on my home page around the same time last year. I watched and was hooked! I watch every episode from both of you. Keep fighting the good fight!

"Look Jerky, save your money. Enough of da funny bizness with da credit cards. Forgetttabout it" 😁

Love that Jack is the same whether on his channel or a guest

28:52 "You dig a hole, you make a pile... and that pile is going to be a heaping pile of crap you're going to have to pay back." Words of wisdom.

I’m in SC and Mexicanos framed the houses in my neighborhood. They are very hard workers.

Once you have a child, it's for life. Raising a child costs more than $250k. Monthly expenses for diapers, baby food, doctor's visits, daycare. It's not even a serious convo today. * Liberals drive Range Rovers. *

The average person learns from their own mistakes. A successful person learns, from the mistakes, of others. A Fool, doesn’t learn, at all. Jerry, from Anaheim, California ❤

I’m so glad you guys did this together! I watch both of you guys and knew you guys would do a video together! Even better that it’s in person too!

Cali just proposed a bill to give illegal immigrants interest free loans. So yeah its already starting and we wont do anything but complain about it. It just messed up.

OMG, the closing costs on a house are KILLERS! 2019 I stretched to buy a mid century house. At closing I had to fork up multiple checks of almost $40,000 - over the deposit! I was shocked and not prepared. Nobody talks about the closing costs

@andrewkaska471

4 ай бұрын

Look at how many people have their hands in that action. Closing is one of the biggest rackets.

@FloridaGirl-

4 ай бұрын

Rediculous! 😱

@thephoenixhasflown

4 ай бұрын

LOL hidden knowledge but seriously thanks for the information.

how broke we are ... lol ... just think about the other 5Billion people that have nothing. when I ear about How we complain about how "broke" we are , and how " bad is our living " - Its the best joke in town !

@thephoenixhasflown

4 ай бұрын

Yes and canned food is now basically unrecognizable for the most part. Remember to do your part twice a year though! LOL

I’m new as Jack sent me over - great video and Jack is always Funny!!! Can’t wait to check out some of your other videos.

These two breaking it down. No way ! This is going to rock. Look out.

something to address, as this new inventory coming from dead boomers, corporate is buying more housing than ever, higher percentage of home purchasing than ever before in our US history and politicians are not stopping them, before maybe corp. had 12/15% of housing in a city, now maybe 30/40% going forward, it's an issue, we used to have laws and enforce about how much corporate was allowed to buy, i mean buying to rent out, not to sell

@clayton56tube

4 ай бұрын

and those will be going to illegals because the owners would rather have a government payment than risk someone with questionable credit