Watch the full clip here: kzread.info/dash/bejne/iYl819qSZbG2qJc.html

@mrbond5267

4 ай бұрын

They are running a global ponzi scheme ✡

@michaelmccotter4293

4 ай бұрын

Don't worry. In many areas it will be a 70% collapse. Expect a debt Jubilee as well.

50% crash is not low enough.

@johnzondervan3890

4 ай бұрын

I completely agree .l think 50 % is the best case outcome and it wouldn’t surprise me if some market do 90%.

@mrashford122

4 ай бұрын

50% valued in what?

@joetheox1202

4 ай бұрын

It'll be an invisible crash

@XavierIsraelMatamoros

4 ай бұрын

@@mrashford122 Debt based currency

@donjuan6646

4 ай бұрын

Hopeium

Hidden Secrets of Money! Best documentary EVER on money.

Housing discussion starts at 9:30 mark

@ktnotter

4 ай бұрын

Thanks for the heads up

An 80~90% crash is expected by me. Mike reminds me of my dad. (1916-2003). Wisdom beyond my years 🦉

@madbadtrad7746

4 ай бұрын

Yep, it takes the stretch of years to see these things. Now I know why my grandfather gave me gold coins as a kid.

@rufuscollis303

4 ай бұрын

50% sure seems like a drop in the ocean. My parents bought 1972 for 6000 Gbp. Todays its worth over 1 million That's over 150x in 50 years, or 300% per year, every year since '72.

the town Where I live in UK house prices have gone up 5x since 2008. The cheapest rents are £2000 a month for the same house I rented in 1980 for £24 a month.

@madbadtrad7746

4 ай бұрын

WAY out of the historical correlation with income; which goes back to the middle ages for crying out loud. We are NOT in normal times. These prices are insane. I am reminded of the Japanese housing bubble where the Imperial grounds were somehow worth the entire state of California. LOL. We're just about there.

@shadowbanned4days

4 ай бұрын

Rents in usa is close to 70% of ppl income

Well that was anticlimactic 🙄

Mike were still Waiting for the 100 dollar Silver that was Guarenteed , Just saying

@jean-louislalonde6070

4 ай бұрын

It's just around the corner...

@squishyplums2415

4 ай бұрын

For silver to make 100 dollars just wait for pigs to grow wings and fly.

MIKE KEEP UP YOUR GREAT WORK.HAPPY NEW YEAR SIR

@Goldsilver

4 ай бұрын

Thanks, Happy New Year

Go ahead and hold your breath on a 50% correction in real estate. Its going to correct, sure, but to say the median priced home is going back to 2009 levels (which is 50% down from here) is not going to happen unless there is a population mass casualty event. You're looking a 30-35% correction at the most, and it would take multiple black swans happening at the same time to get there.

@mikeg2491

4 ай бұрын

A black swan event would be massive job losses & depression and millions of illegal aliens and H1-B visa holders go home. That would free up inventory immensely. Believes there’s more here than they tell you.

@jjm00811

4 ай бұрын

Someone with some sense.

Mike, I originally discovered you on Stefan Molyneux's show somewhere around December 2015. You set my life on a better path. I'm saying this to thank you but also to be an example of how great your impact can be when you're brought to new audiences.

Housing may not correct, if the FED (in order to keep the FRN relevant) comes out with individual bailouts of distressed homeowners by purchasing their mortgages. Of course, you won't own your house any more but you would be responsible for maintenance, insurance and taxes on it, like the WEF wants.

@madbadtrad7746

4 ай бұрын

Yep, the nightmare scenario.

@human1513

4 ай бұрын

"This time is different" has never proven to work out to be true.

@jjm00811

4 ай бұрын

Own nothing and be happy?

12 minutes of my life ill never get back

Remember the saying, "This time is different" has never proven to be true. Not for the stock markets, real estate,.... Learning & studying history is one of the best & most valuable things a person can do. Humans repeat!! They never get smarter but do forget their past.

we've been living through the greatest depression, many times worse than the great depression for quite some time now.

@madbadtrad7746

4 ай бұрын

Exactly, it blows my mind how people talk about this economy as if we're in normal times. LOL. Shadowstats people, go look at what has really been happening since 2007.

@j33531337

4 ай бұрын

Citizens are but pale ghosts in contrast to earlier Americans; some might even live their entire lives without that realization.

@mikeg2491

4 ай бұрын

@@madbadtrad7746I’ve never seen so many homeless people just walking the roads aimlessly with backpacks in my city and I’ve lived here my whole life. It wasn’t this bad in 08.

If real estate crashes that hard hopefully gold or bitcoin will catch that loss to their upside. Real Estate market does need a reset however I just can't imagine that it will be by THAT much. I really do wonder what will be on the receiving side of that wealth transfer. I guess we'll just have to wait and see what happens.

@shadowbanned4days

4 ай бұрын

Definitely will

@thomasj5722

4 ай бұрын

Most people will sell because they need the money to survive.

No, everything is just fine.

@MD-hd1cp

4 ай бұрын

It's all just "transitory" 😂

@savedbygrace6834

4 ай бұрын

9% mortgages for(30) year fixed conventional with good credit.

@notgunnadoit7461

4 ай бұрын

funny! thanks for the laugh. Like nothing to see here.

Mike, thank you for sharing your tremendous knowledge in this video. It's an honor to podcast with you, best wishes in 2024 and I look forward to another visit soon.

Commodities do well in inflation and houses are nothing more than raw commodities nailed, bolted, screwed and glued together where the whole is worth more than the sum of its parts. If you are predicting a housing crash you are in effect predicting a commodities crash including gold.

@MD-hd1cp

4 ай бұрын

The materials completely transform into another entity when building a house. So it's in no way the same thing.

@dicktrickle7608

4 ай бұрын

The only thing I have found where the sum of its parts are worth more than the whole, is my old Harley Davidson 😂

@Mr.LuckyLarry

4 ай бұрын

Metals were sky high, and houses - dirt cheap, during the GFC… There goes that narrative.

Thanks Mike!

Host+Mike, give this British guy, Gary Stevenson (Garys Economics YT channel) an interview on his take on the property/RE market please. Gary's an ex Stock Trader and multimillionaire. He has written a book but his views are more extensive re how markets and economics work. Makes it very simple an understanding. Even how property will go, going forwards. All the best!

Powell, raise them interest rates higher faster above the CPI lie. Only a return to an unwavering gold standard that cannot be manipulated or abandoned by govt will restore sound money and prevent monetary inflation , confiscation of wealth and loss of purchasing power.

@MD-hd1cp

4 ай бұрын

Good idea, but then it wouldn't serve the most powerful, as it was intended

The housing market bubble -- which rides atop the mother of all bubbles in world history -- dates at least back to the early 2000s. Unless basic laws of reality can be continued to be suspended indefinitely -- in which case we have somehow invented the financial equivalent of the perpetual motion machine, and we can all be rich simply by printing money ad infinitem -- then we are in for a massive crash.

@jean-louislalonde6070

4 ай бұрын

Yet I'm sure you know people who believe that ''this time it's different''!

@gwills9337

4 ай бұрын

A collapse into feudalism would also solve the problem of plebes not being able to afford homes. We just give up the ghost and admit we’re all serfs anyway

@madbadtrad7746

4 ай бұрын

@@jean-louislalonde6070 Yup, and it always seems to be "different this time" until it's suddenly not. I remember people saying hte same thing about the Dot Com Bubble; this was a "new paradigm, etc. Absurd and mindless repetition....

great work mike

As I said - I never been more bullish than now !!!

Seemed like the video ended in the middle of the presentation….

Great stuff Mike! Invite Prof Steve Keen next, a fellow megapower.

This video was scarcely about the housing market...mostly unrelated discussion.

Times cannot be that bad for some because still in town wown Vienna, Capital City of Austriaa 40 m2 Apartment goes for 270,000 Euro, and whewre is the Crisis than, please?

50% seems like a drop in the ocean. My parents bought 1972 for 6000 Gbp. Todays its worth over 1 million Thats over 150x in 50 years, or 300% per year, every year since '72.

The people with money, have a ton of it, so any deals in real-estate will be gobbled up immediately. There's not going to be any significant drop in real-estate because there's way to much money in the system

I just don’t see this happening, at least not nominally. With everyone in this market, crash would be a social unrest event. I think what’s more likely is that home values depreciate by inflation i.e. dollar crash. That way, PM holders get a discount and the current home owners win too. Losers will be those holding cash only but even then they didn’t lose anything. Just need to wait for their wages to catch up. This is my own theory.

So, whens this...bc 95% of ppl i talk to think homes are gonna skyrocket further

No one can afford houses anymore. It’s inevitable for a massive correction.

@matd3150

4 ай бұрын

Lots of people can afford houses, that's why prices are still high. Those people are just not the average middle class person anymore, it's the wealthy who buy as investments and rent to the people who can't afford to buy

So funny they think it's only gonna. Go? Down by 50%. It just went up 40% in the last 3 years. So we're looking at a 10% correction. Experts😂😂😂😂😂😂😂😂😂😂😂😂😂

Never trust your family’s legacy to dollar-denominated assets.

Anything can be fixed with more money printed

I wish Mike would make some kind of analysis of the stock 'leg' of the stool, looking at the timeline and the amount of money that is held in total U.S. retirment accounts. In 1981 the ERTA was passed which enable everyone to get in on retirement accounts. Currently there is ~36.7-trillion held in U.S. retirement accounts. This needs to be included into the trajectory of the cost of stocks over time and why the stock market continues to expand. The tax defferement incentives for IRA's creates a steady/continual demand for stocks and thus upward pressure on the P/E. Is it just too easy to call it a bubble?

@dicktrickle7608

4 ай бұрын

Are you sure "held in retirement accounts" is not a rabbit hole of debt, that has already been spent, and the expansion of a continual demand for stocks is necessary, and comes from the existing revenue creators, and the FED buying debt, and stocks with new currency?

No. 50% doesn’t even fit the model in my area….I’ve been in my house for 5 years now and yes, the market value has skyrocket by 54% during that time, I feel like at least a 30-35% market value crash is more realistic.

@madbadtrad7746

4 ай бұрын

The housing market bubble -- which rides atop the mother of all bubbles in world history -- dates back to the early 2000s.

@MD-hd1cp

4 ай бұрын

You stated the value of your home increased 54% in 5yrs. So real estate could easily crash 50% as stated in headline. More than the 30%+ you mentioned

@Strawhat_Pirates3D2Y

4 ай бұрын

I agree. Because your house went up 54% will ensure that the market as a whole will not have a 50% market crash. Your purchase single handedly saved us all from such a devastating crisis.

@zarkoristov5585

4 ай бұрын

​@MD-hd1cp I think he is allowing the difference to be the normal expected growth of housing with hear in Australia use to be 5 to 7 %. Per year before2001 Do the maths over 5years

@carnaud

4 ай бұрын

Yeah…settle down folks. I did get my house for a very good deal actually. It listed at 250k and got them down to 205. It needed a new roof, gutters, and paint. Windows weren’t in that good of shape either.

They will make sure it crashes after my house is appraised higher for taxes ? Haha

Over 10yrs later i honestly don't know why im still subscribed to this channel. Fear porn is has added no value to my life.

I'm just wondering where all the millions of illegal border migrants are going to live.

@MD-hd1cp

4 ай бұрын

There's a lot of talk that commercial real estate will be transformed into housing. Warren Buffett just invested billions into the builder sector

@madbadtrad7746

4 ай бұрын

They are living for free in many hotels; here in Boston for example. And they get $2000 a month. If only all of us could be illegal immigrants!

@HoldenMcG

4 ай бұрын

I think a 'crisis' inflection point will be triggered, and the institutional RE investors that hold a ton of vacant (or overpriced) properties will be called on to meet the demand you identified. Of course, the taxpayer will be stuck with the burden and you can be sure these places will not be priced at below market values.

Only way if there's unemployment of 7% which is unlikely.

Lmao 50 is way to high will say 35% or less because off the supply 🤣 😂

well that's 13 minutes i'll never get back. what was the point of this video??!

@HoldenMcG

4 ай бұрын

Mike might not have permission to run the full or is encouraging others to view content on Sachs Realty, you know, sharing viewership.

👍💪🙏

👍👍

yeup yeup, 50% to 90% house crash and precious metals will bull around the same time and all debts forgiven coming!!!

This was WORTHLESS

silver worst investment in the world

@m4design552

4 ай бұрын

MULN ;-/

I personally think that housing might go down some relative to the dollar, but I think compared to crypto and PM real-estate will take a serious hit, maybe 75% or more.

@madbadtrad7746

4 ай бұрын

That's another way of saying the same thing though, right? The dollar is really NOT a measure of anything.

this is just a commercial for Maloney. No useful information

going to zero

No, it isn’t. It won’t fall.

@MD-hd1cp

4 ай бұрын

"What goes up, must come down.." 😂

@22LVG

4 ай бұрын

@@MD-hd1cpin a chart maybe😂😂 not with people who’s only reason not to die is this mistake of a loan

never going to happen