General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Kong
Real Estate Mindset
comments
Comments by "Kong" (@Koushi82) on "BANKING CRISIS: Next PHASE Begins" video.
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
4
They borrowed free money the past 10 yrs and saw it as free money. Federal reserve ratio is still 0%. They made it 0 intentionally. If they want to really stop inflation they would not just increase rates they would increase reserve ratios. 10% is historical but let's be honest most of them are far beyond that. And likely have over 100 to 1. 0 reserve ratio means infinite money leverage no matter the rates it just means much more volatility up or down. So they borrow for much much cheaper from fed to buy everything while taking in deposits paying them 0 and parking at fed reverse repo to steal more. By default all deposits should be at the min federal reserve rates no exceptions. But that isn't the case now is it? Some may steal less some may steal more but all of the banks are crooks.
1
Also all by design. I'm surprised people are still so braindead. If I was a builder yes u would still spam build and sell it all to Wallstreet since they said there is a shortage. If they refuse to buy all these vacant houses it means they lie abd lower values must be assessed. I can't wait for some builder to intentionally do this and crash the whole market. I'm sure the big builders like you outlined know this so they won't But all it takes is just 1 and I'm sure Wallstreet will keep bribing em to not do it. But if word gets out and mire builders do this they won't be able to contain everyone from spam building until Wallstreet can't hold it back any longer. Gov has been intentionally bailing them out and restricting supply as well with all their talk of more housing all lip service so poor won't rebel.
1
So yes. I have been telling almost all builders I encounter to do this as this weakness to capitalize on won't last. So if they smart they would forcefully crash the markets themselves and make out like bandits. In general they are not the villains but rather the elites keeping supply off the market, intentionally increasing prices plus avoiding taxes and making everyone suffer are the villians.
1
Sorry too much info. I guess if I had enough capital I would do it myself slam build and sell houses until prices go below 3x median income just because I don't like them.
1