Comments by "Kong" (@Koushi82) on "STOP Buying Homes! The Housing Market Is About To CRASH..." video.

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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@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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@shaelyx5005 ....they did that for 10 yrs since 2008 well 14 yrs then
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