Comments by "Daniel Bradford" (@Falconlibrary) on "Housing Market CRASHING Much FASTER Than Expected…" video.

  1. Did you just call out Dave Ramsay? I'm surprised Dave's cult hasn't flooded the comments section yet. FWIW, I don't think Ramsay is lying to his viewers, I think he's just misinterpreting the data because, as you say, he's got a wee bit of bias and has never recovered from his trauma of going bankrupt in real estate speculation. Does anyone remember former Defense Secretary Donald Rumsfeld? He gave us one of the great philosophical statements in American history: "There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know." Known knowns: Interest rates are going to stay up for the foreseeable future to correct for the overstimulation of the economy Known unknowns: The economy's overall performance (mild recession or a deeper one?) Unknown unknowns: If I told you in 2019 that a pandemic would upend the global economy in 2020, would you have believed me? As my grandpa used to say, "It's not the things you worry about that bite you in the ass, it's the things you never saw coming." Grandpa was a philosopher, too. Feliz Navidad and Merry Christmas, dude. My niece and her husband just moved to Florida after selling their house for a nice chunk of change. I referred them to you as a realtor (they're renting for now).
    3
  2.  @MichaelBordenaro  Surprised that the home insurance crisis hasn't dented Florida housing prices more
    2
  3. Florida real estate is its own thing, propped up by international cash. As the global economy worsens, Florida real estate may go even higher in the bigger cities as oligarchs in China and Ukraine try to hide their goodies.
    1
  4. But the Big Money boys have become addicted to free cash and they're already pressuring their buddy "Jay" Powell to turn the spigot back on. Inflation does NOT hurt the rich--inflation drives up asset prices, and the rich own most of the assets. That's why so many of the very wealthy saw huge increases in their net worth in the past year.
    1
  5. I recently made a 100% offer on a house. Rejected. Seller's agents said they want people to bid the price up and the asking price is just the "opening bid". I said "no thanks". The house sold at 125% of asking less than a week later. And it needs work: new roof, foundation issues, new windows, new HVAC.
    1