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worn down
Real Estate Mindset
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Comments by "worn down" (@worndown8280) on "ZILLOW: HOMEBUYERS DOOMED" video.
Early Spring through Early Fall. Typically April through Sept.
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How do you get hyperinflation when the money supply is actively shrinking. Can you square that circle for me?
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@matthewsmith2362 They have to there just arent enough dollars to do all the trades with. At the end of the day, they would still rather have dollars. Anyone telling you otherwise is lying to you.
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@animaladvocate8938 Commercial will cause contagion via RIETs and banks that cant meet cash flow demands.
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The MBS's for commercial real estate are what is going to kill the economy this time around, currently they are rated at about 20 trillion US dollars. You have damn near 20% vacancy rates and RIETs are needing to roll over their debt but cant when its going from 3% to 7%. So companies like Blackstone are just letting buildings go, multiple 100 million dollar type buildings. They are defaulting on MBS's. All of this is going to blow up by the end of the year and its going to take a lot of banks with them. At the same time thats going to make it even harder for banks to lend for regular folks for mortgages and eventually that will hit businesses ability to get capital for day to day operations let alone expansion. The kicker is the news media has either no idea this is going on or just dont want to talk about it. This next recession is going to see a massive deflationary crash. And while people are like yea now I can buy, that means all these companies, companies you have your 401ks in, companies you work for, companies you buy from, are going to get utterly crushed. We never resolved the issues from 2008, we just papered over them. If they try to again, inflation will eat everyone. So everyone is going to have to take a big bite of this doo doo sandwich. Great time to be alive.
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