Comments by "Daniel Bradford" (@Falconlibrary) on "Buy NOW or WAIT For a Housing CRASH?" video.

Happy Third Anniversary. The jobs market being "strong" depends on your definition of "strong". Are there a lot of job vacancies? Yes. Are there a lot of GOOD job vacancies paying a living wage and offering benefits? No. Our local restaurants have a dire staff shortage. Restaurant owners have raised prices "to pay staff more" but then don't actually increase their staff's wages nor hire additional servers or prep people. My buddy and I ate at several restaurants when he visited recently and every waitress told us the same thing: the owners want to raise menu prices but don't want to pay wages that would attract workers. The job market is only "strong" on paper. In the real world, where your job pays for the rent and the groceries and your car loan, it's weak as hell.
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"A dead cat bounce is a short-term recovery in a declining trend that does not indicate a reversal of the downward trend. Reasons for a dead cat bounce include a clearing of short positions, investors believing the bottom has been reached, or investors that find oversold assets."
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@MichaelBordenaro If you want to find out what the real economy is, talk to people who live in it. Statistics are manipulated and all those economists are just salesmen with Ph.Ds. I talk to waitresses, store clerks, lawn care guys, etc. Lawn care guy told me that landlords are cutting back (pardon the pun) to the bare minimum, just having grass at their properties mowed often enough to keep code enforcement off them. Store clerks tell me the stores don't hire replacements for people who quit (staff reduction by attrition) and that inventory deliveries are being cut back, too. So yeah, lots of job vacancies, if you want to work for low wages with no benefits. Everybody I talk to says customers are disappearing. I live near a very busy WalMart and went there on a Saturday, during their peak business. Easy to find a parking space close to the doors. Same thing at Target. I talked to a guy who sells sheds and he said the thing that keeps him busiest nowadays is repossessing sheds because people fell behind on the payments (if you're buying a shed in installments, you've got money management issues). Folks are maxing out their credit cards and only paying the interest. Those people on tv are getting paid to sell us something, same as they did coming up on 2008.
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And you're a very good actor, too, but I guess times are tough when even Tom Hanks has to drive a big rig to make ends meet.
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I know a lot of landlords who are unloading their rentals. In fact, it's one of the biggest sources of new single family housing inventory.
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