Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Eurodollar University" channel.

Xi Jinping said, Homes are for living, they aren't investments.
27
Interest rates going up from 0.20% to 5.5% in two years can do that. People are tapped out due to inflation, and interest rates going up a lot.
13
Is it such a bad thing for housing prices to go down?
10
@WizardHarry69 The whole US economy is based on servicing debt. Think about, mortgages, home equity loans, student loans, car notes, subprime loans, derivatives, credit cards, etc. It is highly financialized.
9
All the people that resigned from their jobs during 2020 to 2023 and found new jobs at very high wages are the ones that are getting laid off now. We are living in a deflationary period, so inflated wages cannot be paid in this kind of economic environment.
6
@Metapharsical China had abandoned real communism after 1979. They have a free market system there. They don't have entitlement systems like they do in the West. The oldest son is responsible for taking care of their elderly parents.
5
@choopa1670 Why should rich investors get bailed out by the government? If I make bad investments, I don't get bailed out. Whether that investment be in starting business, buying equities, investing in my education, etc. The ordinary person doesn't get bailed out if they make choices that don't pan out.
5
It is simple. If you don't make enough or have any savings then you will have have to use a credit card to get by. If you run out of credit then you just have to skip meals everyday, or go beg people for food.
3
@psychopathgains2510 Having a affordable home is a good thing. Look at the mess we are in because of what happened in 2008 and 2009. The real estate market got bailed out, and now homes are unaffordable for most people.
3
@Berelo320 Who cares about the investors.
3
@Berelo320 You're saying investors who make risky bets should be bailed out? Bailing out investors is free market capitalism?
3
@nietur Not really, because people in China don't take home equity loans out of their homes, like people do in the US. My home is paid off, and if the price of real estate went down. It doesn't affect me, it actually makes my life easier. I will less property tax. : )
2
@chadwells7562 That is true. These low interest rates were fueled by the petrodollar which is slowly going away. Most people don't understand what's going on.
1
@xealit It's reality.
1
@floridaman3823 No one in China gets welfare to sit at home and not do anything. In the US, you have people collecting welfare checks that don't work. Isn't that what you imagine as being socialism?
1
Interest rates are going up, because the world is de dollarizing. They aren't buying US T-bonds. If more countries around the world bought US t-bonds then interest rates would go down.
1