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Kong
Real Estate Mindset
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Comments by "Kong" (@Koushi82) on "Real Estate Mindset" channel.
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Here's the thing when companies that leave the US, shouldn't they lose all protection from the US as well?
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We are not waiting for the Federal reserve to cut rates we are waiting for prices to drop
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Costco just needs to focus on providing value and quality not trying to trick us like Walmart
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That's why you don't buy over priced houses
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Houses need to go down 75% or wages up 100% take your pick
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Need to crash housing prices
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All because property values are overpriced
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Penny is losing money now due to inflation not because the penny is a waste.
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Also those that buy Walmart want lower price not faster delivery
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430k wtf. Leave and build a new house fuk that shit. Paying 100k?
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How do you have 0 balance all they need to do is reverse transaction it means they have a mole inside or they stole the money
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Yet prices went up 3x meaning productivity actually went down by 3x
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Income tax needs to be removed period
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Except landlords time to remove income taxes permanently and conduct land value taxes only. Georgism is correct. Also before 1913 there was no income taxes. Income tax payers subsidizing property landlords for the past 100 yrs with 0 benefit.
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Also manufactured starter homes. Max price 50k per 500 sqft max
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@nadruik9890 time to report all of them give them hell
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My fault I told people to stop buying over priced Jordan's to show off
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Walmart is already heavily understaffed how are they selling things when they are making it less efficient not more efficient. Plus lots of wasted equipment because they have no staff as it is
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@kahledalbert1210 or we can ignore your over priced trash and just build it ourselves keep passing nimby laws once we get to 51% renters you landlords are screwed. anyway I encourage everyone to stop paying rent and not buy property save as much as you can and say no to landlords and over priced rent and property values. let them eat dirt.
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Also want lower taxes remove nimbys.
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Reality is your house is worth 50% less than what it is currently. Deal with that
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Anyway tax landlords until they go bankrupt especially ones that keep them vacant. Definitely tax hedge funds private equity and foreign land owners. Exemptions for locals and primary houses for now up to 1500 sqft house and 10000 sqft. Everyone else get wrecked bye
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Eliminate income tax before real estate tax sorry disagree. Implement land value tax instead nationally property tax can be exempt If it's primary only
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It's like we didn't already tell them and bail out of svb for elites was horrible idea perhaps they should claw back the elites money
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The Richman north of richman...
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The problem isn't rent control it's them losing due to them over leverage on money they don't have. Oops. Sux to suck. They borrowed too much to buy too many assets. Plus they want us to bail them out
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I wish he was president
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not surprised houses are worthless a liability not an asset at all.
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Weird sounds like a cult
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Drop all appraisals and market prices by 90% and if they have a mortgage they have negative equity they can keep it if they want but anyone using their house as atm will never be able to borrow again until they pay their debt back
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Over paid executives and under paid nurses lower staff emt CNA etc all under paid.
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And die paying over priced property values that get assessed into insurance and property tax meaning long term buying a house loses. Unless you rent it out to suckers that cannot afford it anyway meaning renting it out to deadbeats there need income tax payers to pay for their rent isn't that why landlords are importing illegals and forcing tax payers not landlords stealing from tax payers to pay for this shit? Let's be honest if that's the case income tax payers get no benefit at all paying any taxes as it goes to property owners stealing thus remove income tax taxation without representation completely and only do prop tax since that's what is represebted
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70% cause they that over valued
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Key is lower property values then otherwise shutup
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The issue isn't tax it's the price of the house / property that is over valued Just sell the over priced house then
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Or do you want income tax? CA is the example even.worse at least Texas spam builds houses while CA refuses to build anything affordable.
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@jessiesheldon-huffey1824 yeah and you dont really make any income when income taxed and you cannot deduct rent and living costs if you do then there is no income from working in fact it is negative.
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Most would rather it come from the worst tax eg income tax than asset appreciation because rich people pay almost no taxes. We know this.
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Also the price is what matters the rate doesn't mean anything it's how much you can borrow rather while the price determines property tax insurance Until the local economy can actually support house prices I've been encouraging people not to buy anything or rent even if they can
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Remove income tax first and also federal doesn't do prop tax u do it own local shit not our problem
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Offer 50% off and I'll buy one
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I'll pay 1500 sqft new house for 150-200k at least 5000-10000 sqft lot is needed
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Unless prop taxes are too high for them oops. 1% on 2 million is 20k 3% like Texas is 60k on 2 million. Good luck trying to pay that. Prop taxes limit maximum limit of the prop value because of income unless you top 0.01% of earners.
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750k is still over priced I rather buy land and build than pay that kind of money for a house. only go above 400k if have a large family. 100-200k max for solo and 200-300k with a small family wife. anything above that is build your own house territory or the wages better pay enough for the house by itself not dumping down payment for over priced shit.
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Also it is wage to prop value ratio that matters not the gold coin devalued currency means wages need to go up competitively not down or flat A house itself isn't a hedge against inflation the land itself is. Thus everyone that is renting will need to vote for georgism if not prop taxes and removal of income taxes by default
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Or pay 0 and live in car and build true wealth as houses depreciate. Only buy when you want a family if no family a house is useless
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It's a local issue sue your local gov. Constitution is federal state constitution is what you are after. Criminals are your local gov reps you all elected I'll say that again and you better not expect income tax payers to bail landlords and owners again. Which I bet y'all are. Repeal income tax first. I'm not going to oppose sales tax much as much but facts are you will need to exempt sales tax on groceries at least. And sales tax also disproportionately benefits the wealthy which they wanted for a long long time. Removing the cap that limits nimbyism. So they can over leverage on housing even more. Google Georgism.
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I'll buy an office to live in tyvm
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Worth 100k
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Will not crash because the government is propping it up
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