"Average take home pay is flat. Home prices are soaring. Means they're debt not assets." Sounds familiar.

@nerios.v

Жыл бұрын

@@natoslayer2907 they've done the same with the car loan industry, we are living on a financial ticking time bomb

@Jb-wi7xq

Жыл бұрын

The situation we are in now is 10x worse.

@thisguy976

Жыл бұрын

@@Jb-wi7xq What are the potential outcomes?

@ThatsMyStuffYouBledOnTrevor

Жыл бұрын

Scary this was 9 mos ago

@golferprice

Жыл бұрын

Also there’s rigorous income verification now lol, this isn’t even close to familiar. Holy fuck you’re dumb

Man, I forgot how great Christian Bale was at acting. He was phenomenal in this movie!

@Scorch428

9 ай бұрын

yeah he was the best actor gosling was the funniest: "Youre too close"

1:12 Holy crap. I never noticed that the real Michael Burry was an extra on the movie.

@MrDerebail

Жыл бұрын

Standing and talking on the mobile

@s.henrlllpoklookout5069

Жыл бұрын

And name-dropping himself!

@TheJCEguy

Жыл бұрын

😭😹

@JulianWKK

Жыл бұрын

And Michael Burry has 1 line: "XXX office" LOL

@Hassan-zw9tb

10 ай бұрын

almost became an actors guild member, close one@@JulianWKK

The guy yelling at Michael reminds me of that famous Key and Peele sketch where Obama has an anger translator for everything he says lmao.

@jonwalsh370

7 ай бұрын

Who is this guys supposed to be? Is he Lawrence’s assistant or another investor?

1:11 there is bury himself just noticed now

@psibarpsi

2 жыл бұрын

What the ...??!!

@tomsnowden6201

2 жыл бұрын

oh holy shit I never noticed..I wonder how much he made from 1/4 second on cam with no words.

@SalvableRuin

2 жыл бұрын

Yeah, he did a cameo haha. I also didn't know until someone pointed it out to me

@andressoto739

Жыл бұрын

@@tomsnowden6201 He made roughly 25 million dollars from this cameo. His initial contract was for 2.5 millions, but Michael Burry shorted the movie's performance with 10x leverage and won.

Haha.....Dr. Burry is reading The Scions of Shannara....awsome.

One of my all time favourite movies!

Tracy Letz. Amazing

Best mf’er dropped in a movie.

"You read them?"

@TheWinezen

9 ай бұрын

which is what anyone managing a multi million dollar fund for other people should be doing.

@Scorch428

9 ай бұрын

@@TheWinezen that what ur employees are for :P

1:52 that’s happening in Australia right now holy shit😂

@hasjparo

Ай бұрын

its not only that right, you need more shit than just this, if the mortgages are being paid, with some rules it could work, but if indeed you have more than 1 mortgage, or more mortgage than value and no paying back together with variable rates, then you have a problem

Hate to say it but I would be S’ing a brick too if I were these guys. All of my millions bet on something that had never happened before. Thankfully for them Burry turned out to be 100% correct.

Tracy Letts wrote "August: Osage County"

Name of the song

@52BLUE

Жыл бұрын

Master Of Puppets by Metallica

@maxpeck4154

Жыл бұрын

Seriously?

@andershebekk251

Жыл бұрын

your moms gay and swallows

Actually no one can see a BUBBLE, that’s what makes it a BUBBLE

Ford V Miles

Lawrence Fields must have been a real jerk.

It's not fair. If you are participating in the creation of a financial instrument that hadn't hitherto existed, you ought to let the public know so that individual investors with low liquidity can borrow against their assets to short the market with you.

"Average pay is flat but house prices are soaring, that means the homes are debts not assets." Uhhhhhhhhhhhhh yeah that's not how that works...

@giovanniramos849

Жыл бұрын

Why?

@charlesgravespainting750

Жыл бұрын

To clarify, he meant buying homes *in 2005/2006/early 2007 when prices were already overpriced* , makes it a liability/debt. But if you bought a home when prices were good, *on fixed rate mortgage* , then you’re generally better off if that home price rises later If you buy a home for $300,000 and then a bubble happens making the home “worth” aka valued at, $600,000, you’re not too at risk of a bubble popping because you still originally bought it at $300,000. But if you bought the home at $600,000 and then the bubble bursts and now your home is only worth $300,000 and you can’t afford those adjustable rate loans; and also can’t sell it since you’re almost $300,000 undervalued compared to what you paid for it; then you’re in real trouble…

@aix42

Жыл бұрын

That is how it works. Finacial institutions wanted to keep producing more Mortgage bonds, but you hit the ceiling of the market. The only way around that was to give mortgages to those that should not have been qualified, so more debt was supplied to buy houses. Supply did not keep up so prices rose, fueled by debt.

@jpdr7081

Жыл бұрын

Bro, don't talk about what you don't know, there's already 2 ppl explaining why you should shut yo ass down. Do not question a guy that has bet against the Housing Market 1.2 billion and won 2.6 billion. Just don't.

@fernandochapa1433

Жыл бұрын

That is exactly how it happened

This guy is a lunatic. While its true there was a bubble. Its not worth the risk of your life investment. Didnt it take a year or so until it paid out. Also he could have been way too early and got margin called. Either way, risking everyones money is crazy especially when it never happened before.