People FINALLY ADMITTING The Housing Market is CRASHING

I am 65 , so I've been through this cycle several times. Back in my early 40's I got into significant credit card debt. I didn't declare bankruptcy (I finally got out of my denial before I had to do that) but it was still very painful getting out of it. From getting out of that financial hell I got an appreciation about living below my means.

My dad impressed upon me his experience with the great depression. He worked(railroad) at every opportunity. I asked him late in life what he felt he had accomplished. "I raised 4 kids" he said. He had his priorities straight and didn't take things for granted.

I’m 58 years old. I do feel sorry for the younger generation. It was so much easier in my era. One of my daughters (34) passed away, my other daughter (36) is single with 3 kids. I have the means to help her when I can, and I do since she’s the only daughter I have now. You’re doing a wonderful thing by trying to get people to open their eyes. God bless everyone ❤

I remember history. My grandparents taught me all about the value of money many decades ago. They were already married during the Great Depression. As young adults, they knew people who fought in the Civil War. I knew my great grandmother when I was young and she was born in the 1880s. Compared to what my grandparents and great grandparents lived through, most people today are extremely spoiled and self-entitled.

Winston Churchill wrote, “Those that fail to learn from history are doomed to repeat it.”

I pretty much only watch You Tube these days, and your channel is at the top of the list! I watch everyday! You are doing a fantastic job, Michael! You are intelligent, laidback, and walk us through beautiful areas, while sharing important information with us. Keep up the great work!

This is why a lot of people love Michaels videos. He covers a lot of very important topics, the scenery is unbelievable, and most importantly warning people that we are already in a recession. Great videos Michael. KEEP THEM COMING PLEASE….

Same here in Minnesota stolen cars everywhere. Police don’t go out looking for the theft. Don’t take any fingerprints never look at cameras. Hard working people got car damaged left to right. Nobody hold those criminals accountable. Very sad and scary

In my life what I've learned ... if you decide to have a girlfriend/wife, she should align with your spending habits/lifestyle ...If you don't spend much money, don't be with someone that likes to travel and have nice things .... Also, just because you can afford something it doesn't mean you should buy it

At a place I used to work at, I had a co-worker who one lunchtime was railing against "The eeeeevil company who won't pay me enough to live on". He was getting $32 an hour ten years ago, and any overtime paid time and a half. So I got tired of his complaints and asked him "What about that new pickup you're driving? And that ATV you brag about, or your snowmobiles? And that cabin up north....you have so many things and toys, and you spend 3 or 4 days a week at such-and-such a bar after work. And I've seen your house....." "I DESERVE those things!"

You know its bad when Walmart can't even deal with the theft and is closing stores in Portland.

Most people can't think 5 minutes ahead to save their life much less remember history..

Michael, I like your videos. I don't like 90 seconds of "fancy" intro BS that I have to skip through just to get to the information. Your vids are all info and the walk and talk format is relaxing and entertaining. Don't change! 👍👍 Edit to add that the picture is crisp and in focus and the sound is clear and well modulated.

It has played hell on peoples mental health for sure the best we can do is keep the faith! I still have hope!

Michael this is a great video

I lost my ability to work 25 years ago and lost my home it took twenty years to get back to normal and get another house.

Mike keeps it so real he doesn’t even bother dying his hair. 😃

In the real estate, walk and talk world of KZread creators you are by far one of the best!

I am much much older than you but I remember my father always telling me that my house doesn't define me and to live without a mortgage, albeit in a smaller house.