Comments by "Kong" (@Koushi82) on "Stoic Finance" channel.

meaning the rents need to keep going up? yeah I would just move and build my own house instead of paying rent to these elites that bought all the housing to rent to us at inflated prices while over paying. Simply refuse to rent from price gougers and demand income tax removal in favor of property tax. lets see what happens when gov institutes a federal property tax to phase out income tax. 10% property tax ahem that is 50k a yr for 500k house. that would kill the real estate market as a store of wealth. simply put the justification is the gov provides protection to property therefore you need to pay property tax instead of income tax. income tax is the worst tax anyway.
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@mikeeb88 ah good we are in agreement Milton Friedman said "to tax land value for taxation purposes NOT income tax" We did the complete opposite. Income tax = the most regressive tax in existence and discourages work while doesn't tax the wealthy elites at all. It's really the stupidest tax in existence purely made to destroy the middle class.
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yep I canceled kevin once he went into real estate and did pump and dumps like doge coin and other stonks then sold behind most subscribers backs unless you were a paid subscriber to him. I aint doin that. he is a nub.
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@MrAnarchocapitalist except it went and hedged against the crash LMAO sucks when shorts over short with naked shorts now they stuck sorry we bought more as you all shorted thanks for discount now you pay us.
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@MrAnarchocapitalist lmao thats wut she said. see my post to another user as response gg. you don't understand your rules and regulations have changed aparently mr going through 3 bubbles in his lifetime. blah blah blah. long short HF exist now and since they buy longs they use something to go short and if they over do it then boom if they unwind because they go bankrupt OOPS.
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already said to not follow his pump and dumps. I canceled him once he went into stocks I was there for his real estate videos before he became popular now his subscribers getting to his head thinking he is good when he isn't sheep follow him his only stocks that went good was tesla now its blah but yes he is a paper hand if his wealth is threatened he will definitely sell out and backstab you. he himself and only himself is what he will value at the end
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@MixedGears you'd pay that either way in interest payments and property taxes. vs the rent. 3 yrs rent depends on where you live and how much you want to rent. if doing room shares you break even or saving a little with less comfort. but if you renting whole house you paying more expenses. The key is under consumption during high price yrs and wait it out to have them crash. IF not then just build your own instead of buying from price gougers in the supply chain that has been hit with inflation. buying is best in deflation when inflation hits it's time for minimizing expenses.
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@tradeswithjohnnie his only videos worth watching are real estate everything else is trash
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except gme and amc went up oops that happens when you overshort and sell shares you dont have.
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@shaelyx5005 ....they did that for 10 yrs since 2008 well 14 yrs then
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he is entertaining but stocks wise he is a noob.
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