Comments by "Daniel Bradford" (@Falconlibrary) on "Slowly Being Driven To EXTINCTION! Death of The Middle Class" video.

  1. Yeah and what a happy accident that terrible fire was on Maui was for millionaires wanting those folks' land, huh?
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  2.  @BoredZodiac  You must be young. I'm 61 and everything he wrote is true.
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  3. The American Dream ended up in a junkyard. That's one hell of a good metaphor.
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  4. 1% is what their creative accountants report to the IRS is more like it.
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  5.  @Bill_Fold4233  Bitcoin 🤡🤡🤡 What's a high flying millionaire like you doing arguing with us losers? Slumming?
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  6. In Kansas, from 1990-2022: *Wages increased 11% *House prices increased 83% *Property taxes increased 180% The American Dream isn't dying, it's dead. There's a small town in Kansas with a population of about 4,000 people. It had 4,400 20 years ago. 20 years ago, the town government had 9 employees. Now it has 37 employees.
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  7. Houses especially, but all cash investors are the ones who are doing most of it. I suspect quite a few of them are money launderers.
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  8. Where in Canada?
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  9. All real is local and anecdotes are not evidence, but I just lost a bid on a house that sold after three days on the market. It's in a small town with a declining population, no industry and no high-paying jobs. The house has some foundation issues, although otherwise well-maintained. The seller had held the house for only 18 months and it had a 22% markup over the price he paid. He never lived in it and made no improvements. Three buyers bid on the house. My realtor says two of us bid asking price, all cash, but an out-of-state investor put in a standing bid for $20,000 above what anyone else offered, and of course that's the offer the seller took. Individual buyers cannot compete with deep pocket investors. It's not the only factor in the housing market, but investor activity is a key factor in why the housing market has not and will not crash. And if it does, they'll swoop in with bags of cash and scoop up houses left and right. Market forces cannot fix this situation. I wish they would. Only regulation can do it. You can raise interest rates to 100% and it won't make a difference to investors. House prices can go up or down and it won't make a difference to investors. You can build ten million new houses and investors will buy them all. As long as they're allowed to participate unrestricted in the housing market, this situation does not get better. Libertarians, attack away, I will ignore you. Anyone with two functioning brain cells knows I'm right.
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  10.  @Bill_Fold4233  Yeah, it's the high cost of cable tv that destroyed the middle class. Or maybe it's that wages have decreased after inflation in the past twenty year while housing costs have gone up an average of 78%? Get down off your high horse before you fall off and hurt yourself.
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  11. I don't blame the younger folks for not wanting to work. What good will it do? Just makes somebody else rich.
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